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Stock Market & Financial Investment News

News Breaks
February 7, 2013
16:27 EDTNATLNational Interstate sees Q4 EPS 39c-45c, consensus 39c
Sees Q4 gross premiums up 37%. The company's estimated net income for the 2012 fourth quarter was impacted by higher claims costs that were partially offset by realized gains from investments.
News For NATL From The Last 14 Days
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February 24, 2015
16:59 EDTNATLNational Interstate raises quarterly dividend to 13c from 12c
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16:58 EDTNATLNational Interstate reports Q4 EPS 25c, consensus 34c
Reports Q4 revenue $154.9M. The company said, "We had another challenging year in 2014 primarily due to continued high severity in the commercial auto liability coverages. Although we will never make excuses or be satisfied with combined ratios near or worse than breakeven, we note that our commercial auto liability results are consistent with industry trends. We continue to believe our current risk selection and pricing have improved as evidenced by approximately $105 million of business we non-renewed in the past 24 months, the continuous rate increases since 2012, and with many of our specialty niche insurance products performing well on an accident year basis."

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