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Stock Market & Financial Investment News

News Breaks
August 7, 2014
14:06 EDTRGA, AETReinsurance Group names Tim Matson as Chief Investment Officer
Reinsurance Group of America (RGA) announces the appointment of Tim Matson to the position of Chief Investment Officer, effective August 18. In this role, he will direct the company's investment policy and strategy, and manage all aspects of RGA's $35B global asset portfolio. Matson comes to RGA with more than two decades of experience in the insurance industry. He has held management and executive positions with Aetna (AET) and ING, including more than 10 years managing portfolios and investment teams in Asia.
News For RGA;AET From The Last 14 Days
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October 28, 2014
06:05 EDTAETAetna reports Q3 Health Care business revenue $14B
The 14% increase is due primarily to membership growth in both of Aetna's Government and Commercial businesses, as well as the effects of pricing actions designed to recover the fees and taxes mandated by health care reform. Reports Q3 Group Insurance revenue $621.4M; Reports Q3 Large Case Pensions revenue $86.3M
06:04 EDTAETAetna reports Q3 medical membership totaled 23.6M at September 30, 2014
Sequentially, third-quarter 2014 medical membership increased by 470,000 due to growth in Aetna's Commercial ASC and Government products. Aetna's third-quarter 2014 Commercial MBR increased over the prior year's MBR primarily as a result of medical cost performance in the smaller middle-market business, costs associated with new hepatitis C treatments, and performance in the individual business, which reflects the impact of programs mandated by health care reform in 2014. This result was partially offset by higher premiums driven in part by pricing actions designed to recover the fees and taxes mandated by health care reform. In the third quarter of 2014, we experienced favorable development of prior-period health care cost estimates in each of our core products, primarily attributable to second quarter 2014 performance.
06:03 EDTAETAetna projects Coventry integratoin earnings accretion of 60c per share
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06:03 EDTAETAetna raises FY14 operating EPS to $6.60-$6.70 from $6.45-$6.60, consensus $6.59
06:02 EDTAETAetna reports Q3 operating EPS $1.79, consensus $1.58
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October 27, 2014
16:22 EDTRGAReinsurance Group reports Q3 EPS $2.28, consensus $2.07
Reports Q3 revenue $2.72B, consensus $2.65B.
15:36 EDTAETNotable companies reporting before tomorrow's open
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October 23, 2014
13:40 EDTAETWal-Mart's Sam's Club offering services to small businesses
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October 21, 2014
09:03 EDTRGAReinsurance Group to acquire Aurora National Life Assurance Company
Reinsurance Group of America (RGA) announced the execution of agreements under which RGA will acquire all of the stock of Aurora National Life Assurance Company, a wholly owned life insurance subsidiary of Swiss Re (SSREY). Aurora, which is part of Swiss Re's Admin Re business in the U.S., has approximately 82,000 policies in force and statutory policyholder liabilities of $2.7B. The underlying business is comprised of approximately two-thirds annuities, primarily payout annuities, and one-third interest-sensitive life products. Aurora has not written significant new business in over 20 years. The transaction is expected to close in early 2015 subject to customary regulatory approvals.

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