earnings reports News

Hartford’s McGee Discusses Company’s Turnaround, Transformation

The Hartford Financial Services Group’s Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year’s shareholder meeting, spoke about the company’s transformation at the second quarter earnings conference call Thursday. …

Erie Indemnity Reports $163M Income for Full-Year 2013

Erie Indemnity Company, the management company for Erie Insurance, reported $36 million net income for its 2013 fourth quarter, up 20 percent from $30 million reported during the prior-year fourth quarter. The full-year 2013 net income was $163 million, up …

Donegal Group’s Q3 Profit Up 12% to $7.7M

Donegal Group Inc. of Marietta, Penn., reported on Oct. 25 net income of $7.654 million for its 2013 third quarter, an 11.9 percent increase over $6.839 million net income reported a year ago. Total net premiums written for the latest …

Marsh Q2 Insurance Revenue Up 3%; Sees ‘Modest’ Price Increases

Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago. Net profit for the first six months of 2013 …

Liberty Mutual Q2 Net Income More Than Triples to $448M

Liberty Mutual Holding Co. Inc. posted $448 million net income for its 2013 second quarter, a 222 percent jump from $139 million net income posted during the same quarter last year. The company benefited from lower catastrophe losses and improved …

Selective Insurance Q2 Profit Advances to $27M

Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a 7.2 percent renewal pure price …

Selective Insurance Q2 Profit Advances to $27M

Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a 7.2 percent renewal pure price …

Hanover Q2 Profit Rises to $53M; Strong Pricing Environment Cited

The Hanover Insurance Group Inc. reported net income of $53.4 million for the 2013 second quarter, an increase of 157 percent compared to $20.8 million net income during the same period a year ago. The net income for the first …

Donegal Group Posts $2.6M Q2 Profit

Donegal Group Inc. of Marietta, Penn., today reported net income of $2.6 million for the second quarter of 2013, compared to $2.0 million net income for second quarter of 2012. The company said the profit increase is primarily attributable to …

Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units

The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying underwriting performance, which …