Insurance Journal » earnings reports http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 24 May 2013 22:09:03 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 W.R. Berkley Posts $116M Q1 Profit, Sees Continuing Pricing Momentum http://www.insurancejournal.com/news/national/2013/04/24/289594.htm Wed, 24 Apr 2013 16:11:49 +0000 http://www.insurancejournal.com/?p=289594 W.R. Berkley Corp. reported on Tuesday $116.62 million net income for its 2013 first quarter, representing a 13.6 percent decline compared to $135.32 million income reported during the first quarter of 2012. Net premiums written and the combined ratio both …

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]]> Penn.-Based Donegal Group Posts $6.5M Q1 Income http://www.insurancejournal.com/news/east/2013/04/18/289048.htm Thu, 18 Apr 2013 16:59:24 +0000 http://www.insurancejournal.com/?p=289048 Marietta, Penn.-based Donegal Group Inc. reported on Wednesday net income of $6.5 million for the first quarter of 2013, down nearly 17 percent compared to $8.0 million profit for first quarter of 2012. The company said the decrease was primarily …

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]]> Erie Indemnity Posts $160M Profit for Full-Year 2012 http://www.insurancejournal.com/news/east/2013/02/28/283184.htm Thu, 28 Feb 2013 20:53:30 +0000 http://www.insurancejournal.com/?p=283184 Erie Indemnity Company, the managing company for Erie Insurance, posted 2012 fourth-quarter earnings of $30 million, up 15 percent from earnings of $26 million in the fourth quarter of 2011. Operating income was $29 million in the fourth quarter, up …

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]]> Donegal Group’s Profit Jumps to $23M for Full-Year 2012 http://www.insurancejournal.com/news/east/2013/02/27/282955.htm Wed, 27 Feb 2013 17:18:34 +0000 http://www.insurancejournal.com/?p=282955 Donegal Group, a property/casualty insurance holding company based in Marietta, Penn., reported $6.22 million net income for the 2012 fourth quarter, in contrast to a loss of $879,000 during the fourth-quarter of 2011. The net income for the full-year 2012 …

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]]> Marsh & McLennan Q4 Profit Up 1%; Full-Year Profit Rose 18% to $1.18B http://www.insurancejournal.com/news/national/2013/02/12/281019.htm Tue, 12 Feb 2013 17:58:57 +0000 http://www.insurancejournal.com/?p=281019 Marsh & McLennan Cos. Inc. reported this morning $259 million for the 2012 fourth quarter net income attributable to the company, a 1.2 percent increase from $256 million income reported during the fourth quarter of 2011. The full-year profit showed …

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]]> The Hanover Posts $55M Q4 Loss, but Full-Year 2012 Profit Up 52% to $56M http://www.insurancejournal.com/news/east/2013/02/08/280682.htm Fri, 08 Feb 2013 18:06:25 +0000 http://www.insurancejournal.com/?p=280682 The Hanover Insurance Group in Worcester, Mass., reported a net loss of $55.0 million for the 2012 fourth quarter, in contrast to $49.6 million profit posted for the fourth quarter of 2011. The Hanover’s latest financial results were hurt by …

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]]> Markel’s 2012 Q4 Profit Rises 13%; Full-Year Profit Up 78% http://www.insurancejournal.com/news/national/2013/02/05/280065.htm Tue, 05 Feb 2013 18:00:07 +0000 http://www.insurancejournal.com/?p=280065 Markel Corp. reported 2012 fourth-quarter net profit to shareholders of $56.79 million, up 13.2 percent compared to $50.18 million reported in the fourth quarter of 2011. For the full-year 2012, the Glen Allen, Va.-based specialty insurer’s net profit to shareholders …

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]]> Brown & Brown’s 2012 Q4 Profit Up 16.8% http://www.insurancejournal.com/news/southeast/2013/02/04/279872.htm Mon, 04 Feb 2013 17:59:47 +0000 http://www.insurancejournal.com/?p=279872 Florida-based national insurance brokerage Brown & Brown Inc. reported 2012 fourth-quarter net profit of $42.64 million, up 16.8 percent compared to the 2011 fourth quarter when the broker reported $36.49 million profit. Net profit for the full-year 2012 was $184.05 …

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]]> Selective Reports 2012 Q4 Profit of $1.3M; Sandy Losses at $30.3M http://www.insurancejournal.com/news/east/2013/02/01/279747.htm Fri, 01 Feb 2013 18:58:15 +0000 http://www.insurancejournal.com/?p=279747 Branchville, N.J.-based Selective Insurance Group posted 2012 fourth quarter net income of $1.3 million, down more than 92 percent compared to the 2011 fourth quarter when the insurer reported $18.0 million profit. The 2012 fourth-quarter catastrophe losses were $33.8 million, …

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]]> Chubb’s 2012 Q4 Profit Drops 77% to $102M; $882M Sandy Loss Reported http://www.insurancejournal.com/news/national/2013/02/01/279729.htm Fri, 01 Feb 2013 17:46:43 +0000 http://www.insurancejournal.com/?p=279729 The Chubb Corp. reported $102 million net profit for its 2012 fourth quarter, down 77.4 percent compared to the fourth quarter of 2011 when the insurer reported $452 million profit. Chubb’s net profit for the full-year 2012 was $1.5 billion, …

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]]> W.R. Berkley’s 2012 Q4 Profit Up 41%; $40M in Sandy Loss Reported http://www.insurancejournal.com/news/national/2013/01/30/279286.htm Wed, 30 Jan 2013 13:45:09 +0000 http://www.insurancejournal.com/?p=279286 W.R. Berkley Corp. said its 2012 fourth quarter net profit was $165.49 million, up 41.4 percent compared to the same period in 2011 when it had $117.03 million profit. For the full-year 2012, the Greenwich, Conn.-based commercial lines insurer reported …

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]]> Travelers Q4 Profit Down, Hurt by $669M Sandy Loss; Full-Year Profit Up http://www.insurancejournal.com/news/national/2013/01/22/278132.htm Tue, 22 Jan 2013 17:16:53 +0000 http://www.insurancejournal.com/?p=278132 The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011. Still, the 2012 full-year net income rose. The …

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]]> Southern California-based Mercury Corp.’s 3Q Net Premiums Up 3.4% http://www.insurancejournal.com/news/west/2012/10/29/268390.htm Tue, 30 Oct 2012 00:00:35 +0000 http://www.insurancejournal.com/?p=268390 Mercury General Corp.’s net premiums written for the third quarter rose 3.4 percent to more than $684 million, the Los Angeles, Calif.-based company reported on Monday. Mercury reported third-quarter net income of $66.2 million, or $1.21 per share, compared with …

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]]> More Earnings Reports: Validus Holdings, Montpelier Re http://www.insurancejournal.com/news/international/2012/07/27/257381.htm Fri, 27 Jul 2012 14:05:39 +0000 http://www.insurancejournal.com/?p=257381 Selected earnings highlights from Bermuda-based Validus Holdings Ltd. for the second quarter and the first six months of 2012 are as follows:                                                              Q2 2012                Q2   2011           Gross premiums written ————    $627.089 mn         $605.387 mn Net premiums written  —————   $508.037 …

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]]> Earnings Reports: Aspen Insurance Holdings, Everest Re Group http://www.insurancejournal.com/news/international/2012/07/26/257221.htm Thu, 26 Jul 2012 11:01:45 +0000 http://www.insurancejournal.com/?p=257221 Selected earnings highlights from Bermuda-based Aspen Insurance Holdings for the second quarter and the first six months of 2012 are as follows:                                                              Q2 2012                Q2   2011           Gross premiums written ————    $666.6 mn             $582.2 mn Net premiums earned  ———–        $513.4 …

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]]> Earnings Reports: Allied World, Endurance Specialty, RenaissanceRe http://www.insurancejournal.com/news/international/2012/05/03/246127.htm Thu, 03 May 2012 10:31:00 +0000 Charles E. Boyle http://www.insurancejournal.com/?p=246127 Selected earnings highlights from Allied World Assurance for the first quarter of 2012 are as follows:                                                         Q1 2012            Q1   2011           Gross premiums written ————      $680.292 mn   $560.688 mn Net premiums written  —————     $588.953 mn    $480.871 mn Net premiums …

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]]> Costly Natural Disasters Behind FM Global’s 2011 Net Loss http://www.insurancejournal.com/news/east/2012/03/27/240888.htm Tue, 27 Mar 2012 15:57:18 +0000 Young Ha http://www.insurancejournal.com/?p=240888 Rhode Island-based business property insurer FM Global said Monday it had a net loss of $41.5 million for 2011 — a stark contrast to $686.6 million profit the insurer had in 2010. FM Global, which was one of the last …

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]]> Mercury General Corp.’s 4Q Net Premiums Up Slightly; Declares Quarterly Dividend http://www.insurancejournal.com/news/west/2012/02/06/234346.htm Mon, 06 Feb 2012 17:51:24 +0000 http://www.insurancejournal.com/?p=234346 Mercury General Corp. announced on Monday that net premiums written were $618.6 million in the fourth quarter of 2011, a 0.2 percent increase compared from the fourth quarter of 2010, and net premiums were $2.6 billion for the year, a …

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]]> Chubb Posts $452M in Q4 Profit, Approves $1.2B Share Buyback http://www.insurancejournal.com/news/national/2012/01/27/232970.htm Fri, 27 Jan 2012 17:57:23 +0000 Young Ha http://www.insurancejournal.com/?p=232970 The Chubb Corporation reported fourth-quarter net income of $452 million, down 27 percent from $620 million net income reported during the same period one year ago. The Warren, N.J.-based insurer said the results were hurt by catastrophe losses as well …

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]]> Markel Posts $54.7M Q3 Income, Sees Firming in Workers’ Comp Market http://www.insurancejournal.com/news/east/2011/11/08/223478.htm Wed, 09 Nov 2011 00:11:16 +0000 http://www.insurancejournal.com/?p=223478 Markel Corporation reported $54.7 million for its third-quarter net income, down 13.4 percent from one year ago when the specialty insurer posted $63.2 million. The insurer’s result was hurt by increased catastrophe losses. The company was also adversely affected by …

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]]> Alleghany Posts $19.2M Q3 Profit, Down 48% From Last Year http://www.insurancejournal.com/news/east/2011/11/08/223508.htm Wed, 09 Nov 2011 00:10:59 +0000 http://www.insurancejournal.com/?p=223508 Alleghany Corp. reported $19.2 million in third-quarter net earnings, down 48 percent from one year ago when the company had $36.6 million in earnings. The company’s result reflects the decrease in pre-tax net earnings at Alleghany Insurance Holdings LLC (AIHL), …

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]]> Erie Indemnity Posts $47M Q3 Profit, Down 13% From Last Year http://www.insurancejournal.com/news/east/2011/11/08/223475.htm Wed, 09 Nov 2011 00:10:44 +0000 http://www.insurancejournal.com/?p=223475 Erie Indemnity, the managing company for Erie Insurance Group’s reciprocal insurance company, reported $47 million third-quarter profit. Profit is down 13 percent compared to one year ago. The third-quarter 2010 net income result included $7 million related to the operations …

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]]> Third Quarter Earnings Reports: Alterra Capital, AXIS Capital, XL Group http://www.insurancejournal.com/news/international/2011/11/03/222655.htm Thu, 03 Nov 2011 11:44:27 +0000 http://www.insurancejournal.com/?p=222655 Alterra Capital:                                                        Q3  2011     Q3   2010           Gross premiums written            $386.33 mn   $325.21 mn 9 months  —  2011       2010                    $1.578 bn  $1.095 bn Net premiums earned  —-         $347.04 mn   $342.43 mn   9 months – 2011           2010                $1.0758 bn …

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]]> First Quarter Earnings Reports: Munich Re, Lancashire Group http://www.insurancejournal.com/news/international/2011/05/09/197616.htm Mon, 09 May 2011 10:40:54 +0000 http://www.insurancejournal.com/?p=197616 *Munich Re:                               2011             2010 Gross premiums written    –   $18,730.00   $11,657.00     Net premiums earned  —        $16,839.81    $14,650.78 Net Income (loss)  —              ($1,367.8]      $700.85          Operating income (loss)  —    ($1,997.11)    $1,111.11 Net investment income    —–  $2,822.51    $3,549.78 Combined ratio (P&C)       —– 159.84%        …

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]]> First Quarter Earnings Report: PartnerRe http://www.insurancejournal.com/news/international/2011/05/03/197115.htm Tue, 03 May 2011 11:03:20 +0000 http://www.insurancejournal.com/?p=197115 PartnerRe:                             2011          2010 Gross premiums written -  $1557.56    $1909.32   Net premiums written —- $1470.42 $1784.16 Net premiums earned –     $1064.59   $1153.78 Net Income (loss)                ($806.95)   $79.65          Operating income (loss)      ($735.57)  ($50.40) Combined ratio (non-life)     193.7%     98.3 percent Comprehensive loss             ($769.41)   $6.98  …

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]]> Firms Can Avoid Shareholder Lawsuits with Kid Behavior http://www.insurancejournal.com/news/national/2011/02/08/183820.htm Tue, 08 Feb 2011 15:43:04 +0000 http://www.insurancejournal.com/?p=183820 When companies are looking at bad earnings news, a new study from the University of Iowa suggests it’s best for executives to remember what they learned as kids. “If a child does something wrong and tells his mother about it, …

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