Centene's Withdrawal of Financial Guidance Triggers 40% Stock Drop Amid Rising Costs
Centene's financial guidance withdrawal due to rising costs causes a 40% stock drop, impacting the health insurance sector and investor confidence.
Centene's financial guidance withdrawal due to rising costs causes a 40% stock drop, impacting the health insurance sector and investor confidence.
Ategrity Specialty Holdings initiates IPO priced $14-$16 per share to bolster capital and expand specialty P&C insurance operations, reporting strong net income growth for 2024.
UnitedHealth faces DOJ investigation and Medicare scrutiny amid rising medical costs, yet diversification through Optum supports potential recovery in 2025.
F&G Annuities & Life reported a Q1 2025 net loss of $25M but achieved a record $67.4B in assets under management, fueled by indexed annuity sales and strong capital management.
UnitedHealth Group cuts profit forecasts due to higher Medicare Advantage care costs and lower coding revenue, highlighting challenges in Medicare Advantage management and insurance financials.
The Hartford's Q1 2025 earnings show a 16% decline in net income due to catastrophe losses, with a 9% growth in property and casualty premiums and stable underwriting performance.
Centene posted $1.3 billion net income and $46.6 billion in Q1 revenue with stable medical loss ratio. Medicaid membership declined 2.5%. UnitedHealth CFO was highest paid in 2024; Cigna declared a $1.51 dividend.
SBI Life Insurance's Q4FY25 report shows improved profit margins despite slower new premium growth, driven by agency channel strength and high-margin products.
Richard W. Lavey has been appointed as COO of Hanover Insurance Group, focusing on enhancing business strategies and operations.
UnitedHealth Group is poised for record growth this year, despite challenges following the CEO's murder. Legal issues within the insurance sector are also highlighted.