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The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Inc. (NYSE: NWHM) today announced selected preliminary results for the 2020 third quarter. These estimated results are preliminary and unaudited.

Preliminary 2020 Third Quarter Financial Highlights (Estimated Results)

  • Net new orders of 251 as compared to 124 in the 2019 third quarter, a 102% increase

  • Monthly sales absorption of 3.5 per community as compared to 2.0 per community in the 2019 third quarter, a 75% increase

  • September net new orders of 99, a 106% increase compared to September 2019

  • Homes in backlog of 329 homes, representing $207.1 million in backlog value, as compared to 207 homes at the end of the 2019 third quarter, a 59% increase

  • Ending actively selling community count of 25, a 14% increase compared to the end of the 2019 third quarter

  • Homes sales revenue of $117.4 million as compared to $118.8 million for the 2019 third quarter

    • Deliveries of 157 as compared to 124 in the 2019 third quarter, a 27% increase

    • Average sales price of $748,000 as compared to $958,000 in the 2019 third quarter

  • Fee building revenues of $13.4 million as compared to $22.3 million for the 2019 third quarter

  • Cash and cash equivalents of $126.4 million as of September 30, 2020 as compared to $85.6 million as of June 30, 2020

  • Total debt, net of $290.3 million as compared to $327.4 million as of September 30, 2019

“The New Home Company continues to benefit from an incredibly strong housing market, as September’s order activity represented the highest monthly net order total in our company’s history driven by a monthly sales absorption rate of 4.0 per community,” said New Home Company CEO Leonard Miller. “Our preliminary results in the third quarter were also positively impacted by our ongoing shift to more affordable product, which helped push our monthly sales

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FBL Financial Group Schedules Third Quarter 2020 Earnings Release Date, Conference Call and Webcast

FBL Financial Group Schedules Third Quarter 2020 Earnings Release Date, Conference Call and Webcast


FBL Financial Group, Inc. (NYSE: FFG) will announce its third quarter 2020 earnings approximately 15 minutes after the close of the market on Thursday, November 5, 2020. The third quarter earnings release and financial supplement will be posted on the FBL Financial Group website (www.fblfinancial.com) at that time.


FBL Financial Group will hold a conference call to discuss third quarter 2020 earnings on Friday, November 6, 2020 at 11:00 a.m. ET. The call will consist only of prepared comments by management; there will not be a question and answer session. The conference call will be webcast live on the Internet. Investors and interested parties who wish to listen to the call on the Internet may do so at www.fblfinancial.com.


The call may also be accessed by telephone at (866) 218-2403. A transcript of the prepared comments from the call, as well as an audio replay, will be available shortly after the call on FBL Financial Group’s website. An audio replay will be available via telephone through November 20, 2020 by calling (877) 344-7529 and entering code 10137330 when prompted.


FBL Financial Group is a holding company with the purpose to protect livelihoods and futures. Operating under the consumer brand name Farm Bureau Financial Services, its affiliates offer a broad range of life insurance, annuity and investment products distributed by multiline exclusive Farm Bureau agents. Helping complete the financial services offering, advisors offer wealth management and financial planning services. In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee. Headquartered in West Des Moines, Iowa, FBL Financial Group is traded on the New York Stock Exchange under the symbol FFG. For more information, please visit www.fblfinancial.com and www.fbfs.com.

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Universal Insurance Holdings Announces Third Quarter 2020 Earnings Release and Conference Call Date

Universal Insurance Holdings Announces Third Quarter 2020 Earnings Release and Conference Call Date


Universal Insurance Holdings, Inc. (NYSE: UVE) will issue a press release reporting its third quarter results after the close of trading on the NYSE on Tuesday, October 27, 2020. The company will host a conference call on Wednesday, October 28, 2020, at 9:00 a.m. Eastern Time (ET) to discuss its third quarter 2020 financial results.


Conference Call and Webcast


  • Wednesday, October 28, 2020 at 9:00 a.m. ET

  • U.S Dial-in Number: (855) 752-6647

  • International: (503) 343-6667

  • Participant code: 5317328

  • Listen to live webcast and view presentation: UniversalInsuranceHoldings.com

  • Replay of the call will be available on the UVE website and by phone at (855) 859-2056 or internationally at (404) 537-3406 using the participant code: 5317328 through November 12, 2020


About Universal Insurance Holdings, Inc.


Universal Insurance Holdings (UVE) is a holding company offering property and casualty insurance and value-added insurance services. We develop, market, and write insurance products for consumers predominantly in the personal residential homeowners lines of business and perform substantially all other insurance-related services for our primary insurance entities, including risk management, claims management and distribution. We sell insurance products through both our appointed independent agents and through our direct online distribution channels in the United States across 18 states (primarily Florida). Learn more at UniversalInsuranceHoldings.com.

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Assurant to Announce Third Quarter 2020 Financial Results

Assurant to Announce Third Quarter 2020 Financial Results

News Release on November 2, 2020; Live Audio Webcast on November 3, 2020

Assurant, Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, will release third quarter 2020 financial results on Monday, November 2, 2020, after the market closes. The news release will be available on Assurant’s website at www.assurant.com. In conjunction with the earnings release, Assurant will host a conference call the following morning, Tuesday, November 3, 2020, at 8:00 a.m. ET. The call will be available to the public via live audio webcast.

Alan B. Colberg, president and chief executive officer, Richard S. Dziadzio, executive vice president, chief financial officer, and Suzanne Shepherd, senior vice president, Investor Relations, will review third quarter 2020 results during the call.

The live audio webcast will be accessible in the Investor Relations section of Assurant’s website. An archived replay of the webcast also will be available shortly after the live event.

About Assurant

Assurant, Inc. (NYSE: AIZ) is a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases. Anticipating the evolving needs of consumers, Assurant partners with the world’s leading brands to develop innovative products and services and to deliver an enhanced customer experience. A Fortune 500 company with a presence in 21 countries, Assurant offers mobile device solutions; extended service contracts; vehicle protection services; pre-funded funeral insurance; renters insurance; lender-placed insurance products; and other specialty products. The Assurant Foundation strengthens communities by supporting charitable partners that help protect where people live and can thrive, connect with local resources, inspire inclusion and prepare leaders of the future.

Learn more at assurant.com or on Twitter @AssurantNews.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201013005200/en/

Contacts

Linda Recupero
Senior Vice President, Enterprise Communication
201.519.9773

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Delta Air Lines Announces September Quarter Financial Results

Delta Air Lines Announces September Quarter Financial Results

September quarter 2020 GAAP pre-tax loss of $6.9 billion and loss per share of $8.47 on total revenue of $3.1 billion

September quarter 2020 adjusted pre-tax loss of $2.6 billion and adjusted loss per share of $3.30 on adjusted revenue of $2.6 billion

Delta ended the September quarter 2020 with $21.6 billion in liquidity

ATLANTA, Oct. 13, 2020 /PRNewswire/ — Delta Air Lines (NYSE:DAL) today reported financial results for the September quarter 2020.  Detailed results, including both GAAP and adjusted metrics, are on page four and are incorporated here.


Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents. For more information visit news.delta.com. (PRNewsFoto/Delta Air Lines)

“While our September quarter results demonstrate the magnitude of the pandemic on our business, we have been  encouraged as more customers travel and we are seeing a path of progressive improvement in our revenues, financial results and daily cash burn,” said Ed Bastian, Delta‘s chief executive officer.  “The actions we are taking now to take care of our people, simplify our fleet, improve the customer experience, and strengthen our brand will allow Delta to accelerate into a post-COVID recovery.”

September Quarter Financial Results 

  • Adjusted pre-tax loss of $2.6 billion excludes $4.0 billion of items directly related to the impact of COVID-19 and the company’s response, including fleet-related restructuring charges and charges for voluntary separation and early retirement programs for Delta employees, which were partially offset by the benefit of the CARES Act grant recognized in the quarter
  • Total adjusted revenue of $2.6 billion declined 79 percent on 63 percent lower capacity versus prior year
  • Total operating expense, which includes the $4.0 billion of COVID-related items described above, decreased $1.0 billion over prior year.  Adjusted for those items and third-party refinery sales, total operating expense decreased $5.5 billion or 52 percent in the September quarter compared to the prior year, driven by lower capacity- and revenue-related expenses and strong
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