Meadowbrook Insurance Group, Inc. Reschedules 2012 Third Quarter Earnings Press Release and Conference Call in Anticipation of Possible Power and Communication Disruption Due to Severe Weather on the East Coast
SOUTHFIELD, Mich., Oct. 29, 2012 /PRNewswire/ -- Meadowbrook Insurance Group, Inc. (NYSE: MIG) announced that due to the potential disruption to communication and power outages as a result of Hurricane Sandy, that it has rescheduled the release of its 2012 third quarter results to after the close of regular stock market hours on Thursday, November 1, 2012. The Company will hold a conference call at 9:00 a.m. Eastern Time on Friday, November 2, 2012. Previously, the earnings release had been scheduled for the close of the market on Monday, October 29, 2012, followed by the conference call on Tuesday, October 30, 2012.
A state of emergency has been declared in many east coast communities and the current weather forecast indicates a high risk of disruption to power and communications in the next few days. Should the impact of the storm be less, and it is appropriate to do so, Meadowbrook Insurance Group could accelerate the earnings release and conference call as appropriate. Public notification of any change in the press release and conference call will be communicated if and when such a decision is made.
Commenting on the rescheduled release and conference call, Robert S. Cubbin, President and Chief Executive Officer, states: "The severe weather occurring and anticipated on the east coast is obviously disruptive to many businesses and individuals. Because we anticipate potential power outages and disruptions in communication, it would be difficult for interested parties to participate in a conference call on Tuesday. Therefore, we decided to reschedule the earnings release and conference call. If the situation changes we could move up the dates."
Meadowbrook's 2012 third quarter results will be discussed by management in more detail on Friday, November 2, 2012 at 9:00 a.m. EDT.
To listen to the call please dial 1-877-407-8035 approximately five minutes prior to the start of the call and ask for the Meadowbrook conference call. Additionally, the conference call will be broadcast live over the internet and can be accessed by all interested parties via the investor relations section of our website at www.meadowbrook.com or www.investorcalendar.com.
For those who cannot listen to the live conference call, a replay of the call will be available through November 13, 2012 by dialing 1-877-660-6853 and referring to account number 286 and conference ID 399410. The webcast will be archived and available for replay through March 2, 2013.
About Meadowbrook Insurance Group
Meadowbrook Insurance Group, Inc., based in Southfield, Michigan, is a leader in the specialty program management market. Meadowbrook includes several agencies, claims and loss prevention facilities, self-insured management organizations and seven property and casualty insurance underwriting companies, including one in Bermuda. Meadowbrook has thirty-four locations in the United States. Meadowbrook is a risk management organization, specializing in specialty risk management solutions for agents, professional and trade associations, and small to medium-sized insureds. Meadowbrook Insurance Group, Inc. common shares are listed on the New York Stock Exchange under the symbol "MIG". For further information, please visit Meadowbrook's corporate web site at www.meadowbrook.com.
Certain statements made by Meadowbrook Insurance Group, Inc. in this release may constitute forward-looking statements including, but not limited to, those statements that include the words "believes," "expects," "anticipates," "estimates," or similar expressions. Please refer to the Company's most recent 10-K, 10-Q, and other Securities and Exchange Commission filings for more information on risk factors. Actual results could differ materially. These forward-looking statements involve risks and uncertainties including, but not limited to the following: the frequency and severity of claims; uncertainties inherent in reserve estimates; catastrophic events; a change in the demand for, pricing of, availability or collectability of reinsurance; increased rate pressure on premiums; obtainment of certain rate increases in current market conditions; investment rate of return; changes in and adherence to insurance regulation; actions taken by regulators, rating agencies or lenders; obtainment of certain processing efficiencies; changing rates of inflation; and general economic conditions. Meadowbrook is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Meadowbrook Insurance Group, Inc.