earnings report News

Travelers Posts $683M Q2 Profit, Misses Estimates as Catastrophe Losses Rise

Property and casualty insurer Travelers Cos. Inc.’s quarterly earnings fell short of analysts’ estimates as hail and wind storms in the United States increased catastrophe losses. The company, a Dow Jones Industrial Average component, said net income fell to $683 …

Donegal Group’s Q2 Profit Declines 26% to $1.9M

Donegal Group Inc. in Marietta, Pennsylvania, today reported $1.94 million net income for its 2014 second quarter, a decline of 26 percent from $2.63 million net income posted during the 2013 second quarter. The insurer said its second quarter earnings …

Liberty Mutual’s 1Q Profit Declines 14.5% to $272M

Liberty Mutual Holding Co. Inc. reported $272 million net profit for its 2014 first quarter, a decline of $46 million or 14.5 percent from $318 million net profit reported during the same period in 2013. The Boston-based insurer saw higher …

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 …