Annual Net Income of $838.9 Million for 2009 or $13.40 Per Diluted Common Share; Annual Operating Income of $768.2 Million or $12.25 Per Diluted Common Share

Youth Service America, UnitedHealth Group have awarded 265 grants to support youth-led projects responding to escalating childhood obesity crisis

XL Capital, Ltd. (XL)

Q4 2009 Earnings Call

February 9, 2010 5:00 pm ET

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MetLife (NYSE: MET), the largest publicly traded life insurer in US, is expected to pay $15 Billion in stock and cash for buying Alico from AIG. MetLife (MET) is likely to pay $7 billion in cash whereas the remaining $8 billion will be paid in stock. Alico sale would be the most important and largest deal for AIG since its bailout in Sep. 2008. The deal has not been finalized as yet. Both the companies have declined to comment on the news.

Reinsurer XL Capital Ltd. (NYSE: XL) reported a quarterly loss of $40 million after losing more than $250 million selling risky investments like mortgage backed securities.

XL Capital reported a 4th quarter net income of $40.3 million, or 12 cents per share, compared to a net loss of $1.43 billion, or $4.33 per share in the 4th quarter of 2008, at the height of the global financial crisis.

Operating income, which excludes net realized investment gains and losses, came in at $235.8 million, or 69 cents per share.

Analysts expected the reinsurer to earn 70 cents per share, according to a poll of 14 analysts by Thomson Reuters.

XL Capital Chief Executive Mike McGavick said that the company would move away from the sort of risky investments that led to over $250 million in investment losses.

"One of our key initiatives throughout the year has been to reposition the investment portfolio to one more typical of a [property and casualty] company, and to reduce its inherent volatility," McGavick said.

The reinsurer realizes more than $250 million in losses selling riskier investments such as commercial mortgage-backed securities.

Among the companies whose shares are expected to see active trade in Wednesday’s session are Allstate, Activision Blizzard, and Prudential.

New York, Feb 9th (TradersHuddle.com) - Shares of Travelers Companies, Inc. (NYSE:TRV) are trading very close to calculated support at $47.35 with current price action closing at just $49.57 places the stock price near levels where traders will start paying attention.

The Travelers Companies, Inc. (NYSE:TRV) provides commercial property . Read More --

W.R. Berkley’s (WRB) fourth quarter earnings of 71 cents per share were ahead of the Zacks Consensus Estimate of 68 cents. In the year-ago quarter, the company had reported earnings of 74 cents per share. Earnings for the reported quarter were helped by an increase in net investment income, partially offset by lower premiums earned. Net ...

Hartford Financial Services’ (HIG) fourth quarter core earnings came in at $1.51 per share, substantially ahead of the Zacks Consensus Estimate of $1.40. This also compares favorably with the core loss of 72 cents in the year-ago quarter. The upside was primarily attributable to stability in Hartford’s life and property and casualty businesses. Also, Hartford ended [...]

(HIG) Hartford Financial Services Beats Forecasts – Swings to Net Gain

New York, Feb 9th (TradersHuddle.com) - Shares of Torchmark Corporation (NYSE:TMK) are trading higher by +0.69% ahead of its quarterly earnings release. Torchmark, is expected to release its quarterly results on February 10th.

Wall Street Analysts consensus calls for a profit of $1.44 a share on $834 million. Read More --