Earnings News

Meadowbrook CEO Says Company on Track to Deliver on 2014 Guidance

The efforts undertaken by Meadowbrook Insurance Group in the past couple of years to improve its underwriting performance and profitability appear to be working. In a conference call to discuss results for the first quarter of 2014, Robert S. Cubbin, president …

Donegal Group’s Q4 Profit Up 54% to $9.6M

Donegal Group Inc., based in Marietta, Penn., today posted $9.56 million in net income for its 2013 fourth quarter, up 54 percent from $6.22 million net income posted during the 2012 fourth quarter. For the full year 2013, the net …

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 …

AssuredPartners Posts 36.7% Revenue Increase in 2012

Lake Mary, Fla.-based AssuredPartners Inc. posted a revenue increase of 36.7 percent in 2012, compared to 2011 revenue. AssuredPartners, founded in March 2011, grew revenue from $172,316,140 in 2011 to $235,604,040 in 2012. The organization acquired 27 independent insurance agencies …

Marsh & McLennan Q1 Profit Jumps 19% to $413M

Marsh & McLennan Companies Inc. reported Thursday $413 million net income attributable to the company for its 2013 first quarter, up 19 percent from $347 million in the prior year period. The consolidated revenue in the first quarter was $3.1 …

Liberty Mutual Q1 Profit Falls 31% to $318M Amid Investment Losses

Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first quarter. The company’s quarterly underwriting and operating results both improved …

Hanover Insurance Group Q1 Profit Rose 33% to $66M

The Hanover Insurance Group Inc. reported net income of $66.2 million for its 2013 first quarter, up 33.2 percent compared to $49.7 million income reported during the first quarter of 2012. Operating income for the first quarter was $59.9 million, …

The Hartford Reports $241M Q1 Loss Mainly Due to One-Time Charges

Hartford Financial Services Group Inc. posted a net loss of $241 million for its 2013 first quarter, compared to net profit of $96 million reported during the first quarter of 2012. The latest quarterly net loss was mainly due to …

Selective Insurance Q1 Profit Up 18% to $21.3M

Branchville, N.J.-based Selective Insurance Group said its 2013 first quarter net income came in at $21.3 million, a 17.7 percent increase from $18.1 million reported during the first quarter of 2012. Total net premiums written for the first quarter were …

Chubb Q1 Profit Rises 30% to $656M; CEO Says ‘Market Remains Firm’

Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and high-end homes said its …