Farmers Insurance said claims from the Los Angeles fires will cost it at least $600 million, a substantially smaller initial estimate than some other insurers have posted.

Analysts polled by S&P Capital IQ had predicted earnings of $1.08 per share. Texas Capital now expects fee income on an adjusted basis to be $270 million for the full year, up from the $240 million it ...

Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.