Walter’s 1Q profits include gain from sale of insurance business

HONG KONG (AP) – HSBC’s quarterly pretax profits rose 12 percent as improved trading and rising interest rates helped support revenue at the London-based global bank’s businesses. The bank said on Thursday that profit for the first three months of the year, adjusted for one-time items and currency fluctuations, came in at $5.9 billion versus $5.3 billion a year ago.

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Turning to Numbers Citi Trends reported first-quarter sales. business. Though the significance of the company’s Urban Brands continues to decline and non-branded business is not poised to make loss.

Monopoly Insurance is the only company marketing a certain line of insurance in a state. After complaints from several consumers, the State Insurance Department investigated Monopoly’s rates. The regulators determined that Monopoly was taking advantage of being the only insurer offering the line by charging more than double the actuarial cost.

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by booking of EUR ~0.3bn gain on sale of FFIC personal insurance business to ACE net of further restructuring expenses in 2Q. Investment income contribution increases due to swing of net harvesting & other. This was driven by higher F/X result net of hedging. Claims environment NatCat losses of EUR 222mn (1.9%-p)

New-home sales declined in April as demand fell in West A wildfire has prompted an eight-hour evacuation alert for a northern alberta town that saw parts of it destroyed in a 2011 fire. The alert says Slave Lake is not in imminent danger, but residents should be prepared to evacuate on short notice.

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Walter’s 1Q profits include gain from sale of insurance business Post By howse contents 1q. insurance business remains strong Net attributable profit Money talks survey asked Mortgage originations plunge seasonality in Opex during 4T10 led to better results in our banking business this 1q. insurance business remains strong and reports high.

Operating earnings don’t include one-time financial items such as investment gains and losses and hedging activities. When those are taken out of the current report, Aflac’s net earnings, or profit.