The Hanover Insurance Group, Inc. (NYSE: THG) reported net income for the first quarter of 2008 of $58.5 million, or $1.12 per share, compared to $63.6 million, or $1.22 per share, in the first quarter of the prior year. Net income for the first quarter of 2008 included an after-tax net realized loss on investments of $5.1 million, or $0.09 per share, compared to a gain of $1.9 million, or $0.04 per share in the prior-year quarter.
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PartnerRe Ltd. (NYSE: PRE) today reported net income of $129.0 million, or $2.16 per share, for the first quarter of 2008. This net income includes net realized gains on investments and earnings from the Company's interest in the results of equity investments aggregating $10.2 million after-tax, or $0.18 per share.
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HF Financial Corp. (Nasdaq: HFFC), reported earnings for the fiscal third quarter ended March 31, 2008 of $1.6 million, or $0.40 in diluted earnings per share, versus $1.0 million, or $0.25 in diluted earnings per share, in the comparable period in 2007, a 60 percent increase in diluted earnings per share.
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Meadowbrook Insurance Group, Inc. (NYSE: MIG) reported that net income grew to $7.1 million, or $0.19 per diluted share, for the quarter ended March 31, 2008, compared to net income of $6.9 million, or $0.23 per dilutive share, for the comparable period in 2007. Net operating income, excluding amortization, increased 22.0% to $8.6 million, compared to $7.1 million in 2007.
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Stonebridge Financial Corp., the parent company of Stonebridge Bank, reported first quarter 2008 net income totaling $437 thousand, or $0.14 per diluted share. Net income decreased 12.1% compared to $497 thousand earned in the first quarter of 2007, and diluted earnings per share decreased 12.5% from diluted earnings per share of $0.16 in first quarter of 2007.
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Oneida Financial Corp. (Nasdaq: ONFC), the parent company of The Oneida Savings Bank, has announced first quarter operating results. Net income for the three months ending March 31, 2008 was $429,000, or $0.06 diluted earnings per share compared to $748,000, or $0.10 diluted earnings per share, for the three months ended March 31, 2007.
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United America Indemnity, Ltd. (NASDAQ: INDM) today reported operating income per share of $0.23 (fully diluted) for the three months ended March 31, 2008, a decrease of 61.7% compared to $0.60 per share for the three months ended March 31, 2007. Book value per share at March 31, 2008 increased 1.5% to $24.25 compared to $23.89 at December 31, 2007.
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CME Group Inc. (NYSE: CME)(NASDAQ: CME) today reported total revenues increased 88 percent to $625 million and net income increased 118 percent to $284 million for first-quarter 2008 compared with first-quarter 2007.
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Microsoft Corp. announced third-quarter revenue, operating income and diluted earnings per share of $14.45 billion, $4.41 billion and $0.47, respectively. Operating income and earnings per share results included a charge of $1.42 billion, or $0.15 per share, for the European Commission fine.
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Calamos Asset Management, Inc. (Nasdaq: CLMS) today reported results for the first quarter of 2008. First quarter revenues decreased to $110.7 million from $115.7 in the prior year while operating income decreased to $44.4 million from $50.2 million. Net income in the first quarter was $449,000 compared to $7.5 million in the prior year.
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For the quarter ended March 31, 2008, Select Bank & Trust Company, reported net income of $230,000, or basic and diluted earnings per share of $0.12, compared to net income of $220,000, or basic and diluted earnings per share of $0.12 for the same period in 2007. Earnings per share for the three months ending March 31, 2008 reflect a 9-for-8 stock split announced on August 21, 2007.
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Shore Financial Corporation (Nasdaq: SHBK) announced today that quarterly core earnings were $704,100, or $0.28 per diluted share, for the three months ended March 31, 2008, representing a 16.4% increase over core earnings of $604,900, or $0.24 per diluted share, for the same period of 2007. Impacting earnings was net interest income improvement of 11.1% as a result of a stronger net interest margin and loan growth when compared to the 2007 period.
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