• Personal Income increased 0.1% in June, Spending increased 1.0%

    1 month ago - By Calculated Risk

    The BEA released the Personal Income and Outlays, June 2021 and Annual Update report:
    Personal income increased $26.1 billion in June according to estimates released today by the Bureau of Economic Analysis. Disposable personal income decreased $2.6 billion and personal consumption expenditures increased $155.4 billion .
    Real DPI decreased 0.5 percent in June and Real PCE increased 0.5 percent; goods decreased 0.2 percent and services increased 0.8 percent. The PCE price index increased 0.5 percent. Excluding food and energy, the PCE price index increased 0.4 percent.
    emphasis added The...
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  • Red Rock Resorts Announces Second Quarter 2021 Results

    Red Rock Resorts Announces Second Quarter 2021 Results

    1 month ago - By Hotel News Resource

    Net revenues were $428.2 million for the second quarter of 2021, an increase of 295%, or $319.7 million, from $108.5 million for the same period of 2020, primarily due to the closure of our properties during most of the second quarter in 2020 due to the COVID-19 pandemic. Compared to the same period of 2019, net revenues were down 11% or $54.7 million from net revenue of $482.9 million.
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  • Swiss Re Rebounds With $1 Billion First-Half Net Income on Underwriting, COVID Easing

    1 month ago - By A.M. Best

    For Swiss Re Group, the swift development of COVID-19 vaccines has cooled down the financial worries that dominated the global economy in 2020, leading to strong 2021 second-quarter performance, ...
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  • Kemper's $62.6 Million Loss Driven by P/C Claims Frequency, Severity

    1 month ago - By A.M. Best

    Kemper Corp. posted a second-quarter net loss on increasing frequency and severity of losses in its specialty property/casualty segment.
    Kemper posted a net loss of $62.6 million, compared with ...
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  • Erie Insurance Posts 3.7% Drop in Second-Quarter Profits

    1 month ago - By A.M. Best

    Erie Indemnity Co.'s net income dropped 3.7% during the second quarter to $79.0 million even as direct written premiums for the property/casualty lines ticked upward.
    Direct written premiums of ...
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  • Underwriting, Investments, Lead Fairfax to $1.2 Billion Second-Quarter Net Income

    1 month ago - By A.M. Best

    Fairfax Financial Holdings's second-quarter net income more than doubled to $1.2 billion on strong underwriting results and investment income.
    The second quarter net income figure compared with ...
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