Fiserv Reports Q3 Record Earnings
Brookfield, Wis.-based financial services software-maker Fiserv Inc. announced today record earnings for the third quarter of 2003.
For the three-month period ended Sept. 30, 2003, Fiserv processing and services revenues were $712 million, a 26 percent increase over $564.1 million for the third quarter of 2002. Net income per share-diluted for the third quarter of 2003 was 41 cents per share, compared to 34 cents per share for the third quarter of 2002.
For the nine-month period ended Sept. 30, 2003, Fiserv processing and services revenues were $1,995.9 million, an 18 percent increase over $1,688.4 million for the first nine months of 2002. Net income per share-diluted for the first nine months of 2003 was $1.19 per share, compared to $1.01 per share for the first nine months of 2002.
During the third quarter, Fiserv completed five acquisitions, including Cincinnati-based Unisure Inc., a provider of reinsurance software and related services, and St. Petersburg, Fla.-based Insurance Management Solutions Group, which serves the flood insurance market with a complete range of policy and claims administration services and financial and statistical reporting.
- Warren Buffett’s PacifiCorp Now Faces $30 Billion Fire Claim Demand
- Growing Progressive Set to Hire 10,000 for Claims, IT, Other Roles
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme