insurer

We’re impressed with health insurer Humana’s solid quarter and rosy outlook for next year

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Club holding Humana (HUM) reported a mixed-but-solid third quarter before the opening bell Wednesday. Early optimism about 2023 also supported our bullish view on the health insurer’s stock. Revenue increased 9% year-over-year to $22.75 billion, slightly below estimates of $22.76 billion, and adjusted earnings-per-share increased 42% to $6.88, exceeding estimates of $6.28 per share. Aiding … Read more

Australian health insurer says data of all customers hacked

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Australia’s largest health insurer says a cybercriminal has hacked the personal data of all its 4 million customers, as the government introduced legislation that would increase penalties for companies that fail to protect clients’ private information Australia’s largest health insurer says a cybercriminal has hacked the personal data of all its 4 million customers, as … Read more

Home insurer Hippo defends start-up sector despite mounting losses

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The head of Hippo has taken aim at sceptics of the home insurer and the sector’s fellow start-ups, saying they have “buried their heads in the sand” after a market sell-off fed doubts over the future of the companies. Insurtechs, as the start-ups are commonly known, have been some of the biggest losers in the … Read more

8.2 million people may soon get a rebate from their health insurer

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Brothers91 | E+ | Getty Images Depending on how you get your health-care coverage, you may soon get a rebate from your insurer. An estimated 8.2 million policyholders are expected to receive a piece of $1 billion in rebates by Sept. 30 from various insurers, according to an analysis from the Kaiser Family Foundation. The … Read more

Insurer Beazley hit by $193mn investment loss as markets sour

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Lloyd’s of London insurer Beazley has said the financial market sell-off triggered by the Ukraine war left it with a $193mn investment loss in the first half, leading to a sharp fall in its pre-tax profits. The insurer said the war had created a mix of “excess demand and supply constraints [which] impacted the financial … Read more