earnings report News

Liberty Mutual Swings to Profit; 2013 Full-Year Income Rises 110% to $1.74B

Liberty Mutual Holding Company Inc. and its subsidiaries today reported net income of $496 million for its 2013 fourth quarter, improving from a net loss of $234 million during the prior-year fourth quarter. The insurer benefited from stronger revenues and …

MMC’s Marsh 4Q Revenue Jumps 4% to $1.4B

Marsh & McLennan Cos. reported $303 million in net income for its 2013 fourth quarter, up 17 percent from $259 million posted during the prior-year fourth quarter. The full year 2013 net income was $1.4 billion, up nearly 17 percent …

Hanover Insurance Group Swings to Q4 Profit a Year After Sandy

The Hanover Insurance Group Inc. in Worcester, Mass., reported net income of $70.1 million for its 2013 fourth quarter, improving from a net loss of $55.0 million during the 2012 fourth quarter. Prior-year loss results included the impact of $129 …

Selective Insurance Group Q4 Profit Jumps to $25M

Selective Insurance Group, based in Branchville, N.J., posted $25.3 million in net income for its 2013 fourth quarter, up from $1.3 million net income posted during the 2012 fourth quarter which included impacts of Superstorm Sandy. For the full year …

W.R. Berkley Q4 Profit Declines 21% to $130M; Underwriting Improves

W. R. Berkley Corp. reported $130.38 million in net income for the 2013 fourth quarter, a 21 percent decline compared to $165.49 million reported during the prior-year fourth quarter. The net income for the full year 2013 was $499.93 million, …

AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline

American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17 billion, or $1.46 a share, from $1.86 …

The Hanover Insurance Group Q3 Profit Rises 52% to $61M

The Hanover Insurance Group Inc. reported net income of $61.3 million for its 2013 third quarter, an increase of 51.7 percent compared to $40.4 million profit during the same period a year ago. The Worcester, Mass.-based Hanover said it sees …

Liberty Mutual Q3 Up 3.4% to $481M; Core Underwriting Results Improved

Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting results. “The third quarter reflected a continuation …

Travelers Posts $864M Q3 Profit, Consistent With Prior Year Quarter

The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. Travelers showed a larger underwriting gain compared to last year, but the results were partially offset by lower investment …

W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%

W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in at …