Insurance Journal » Earnings

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

Fri, 03 May 2013 13:35:15 +0000

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 …

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

Young Ha — Fri, 03 May 2013 13:32:05 +0000

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 …

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

Tue, 30 Apr 2013 19:00:49 +0000

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, …

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

Tue, 30 Apr 2013 16:50:58 +0000

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 …

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Selective Insurance Q1 Profit Up 18% to $21.3M

Fri, 26 Apr 2013 16:59:42 +0000

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 …

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

Fri, 26 Apr 2013 16:32:59 +0000

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 …

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W.R. Berkley Posts $116M Q1 Profit, Sees Continuing Pricing Momentum

Wed, 24 Apr 2013 16:11:49 +0000

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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Travelers Q1 Profit Up 11% to $896M; CEO Says ‘We Will Keep Going’ on Rate Hikes

Wed, 24 Apr 2013 14:02:48 +0000

The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to $806 million income reported during the first quarter of 2012. Travelers said the improvement in both net …

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Penn.-Based Donegal Group Posts $6.5M Q1 Income

Thu, 18 Apr 2013 16:59:24 +0000

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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SNL Analysis Highlights Sandy’s Impact on P/C Underwriting Results

Thu, 14 Mar 2013 16:55:18 +0000

Financial information firm SNL Financial’s preliminary analysis of more than 2,600 individual property/casualty filer’s statutory data illustrates how big of an impact Superstorm Sandy had on the filers’ underwriting results. SNL said this week one individual filer whose 2012 underwriting …

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Marsh & McLennan Q4 Profit Up 1%; Full-Year Profit Rose 18% to $1.18B

Tue, 12 Feb 2013 17:58:57 +0000

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

Fri, 08 Feb 2013 18:06:25 +0000

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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The Hartford Posts $46M Q4 Net Loss; $350M in Sandy Loss Reported

Tue, 05 Feb 2013 16:46:20 +0000

The Hartford Financial Services Group Inc. reported a net loss of $46 million for the 2012 fourth quarter, in contrast to the fourth quarter of 2011 when the company posted $118 million profit. The Hartford, Conn.-headquartered insurer also announced plans …

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Brown & Brown’s 2012 Q4 Profit Up 16.8%

Mon, 04 Feb 2013 17:59:47 +0000

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

Fri, 01 Feb 2013 18:58:15 +0000

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

Fri, 01 Feb 2013 17:46:43 +0000

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

Wed, 30 Jan 2013 13:45:09 +0000

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

Tue, 22 Jan 2013 17:16:53 +0000

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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Best Special Report Focuses on Asia-Pacific Insurers Cat Loss Challenges

Mon, 17 Dec 2012 11:13:29 +0000

A special report from A.M. Best analyzes the “reduced frequency of large-scale catastrophes through November 2012, which, Best said, has “helped Asia-Pacific non-life insurers to slowly recover from losses inflicted by natural disasters in 2011. Best’s report points out that …

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P/C Insurers’ Capital at ‘Historically High’ Levels: Fitch

Fri, 14 Dec 2012 14:35:42 +0000

Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic conditions in the past several years, leading to weaker profitability. However, …

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Zurich’s 9-Month Business Operating Profit Flat at $3.2 Billion

Thu, 15 Nov 2012 10:48:03 +0000

The Zurich Insurance Group reported a business operating profit (BOP) of $3.2 billion and net income attributable to shareholders (NIAS) of $2.7 billion for the nine months ended September 30, 2012. The bulletin gave the following highlights for the period: …

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Swiss Re Posts $2.2 Billion Q3 Net Income

Thu, 08 Nov 2012 11:06:18 +0000

Swiss Re reported net income of $2.2 billion in the third quarter of 2012, compared to $1.3 billion in the prior-year period, and a return on equity of 28 percent, “driven by continued strong performance from P&C Reinsurance and a …

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Hannover Re Sees Little Sandy Impact; Raises Profit Forecasts

Tue, 06 Nov 2012 11:57:49 +0000

Hannover Re does not expect to be blown off course by damage from Hurricane Sandy in the United States, the German reinsurer said on Tuesday, as it beat quarterly profit forecasts and lifted expectations for this year and next. Shares …

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The Hartford’s Q3 Profit Soars; CEO Calls Hurricane Sandy ‘Manageable Exposure’

Fri, 02 Nov 2012 16:38:25 +0000

The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago. CEO Liam McGee said the Hartford generated strong third-quarter financial results, reflecting the continuing …

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Liberty Mutual Has $465M Q3 Profit, a Swing From $112M Loss a Year Ago

Fri, 02 Nov 2012 15:29:50 +0000

Liberty Mutual Insurance reported this week $465 million profit for its third quarter, a swing from a loss of $112 million a year earlier. The insurer’s profit for the first nine months of 2012 came in at $1.056 billion, up …

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Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8%

Fri, 26 Oct 2012 16:53:37 +0000

The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe (CAT) losses as well …

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Aon Reports 3% Net Income Growth in Q3

Fri, 26 Oct 2012 14:52:26 +0000

The world’s largest insurance broker Aon reported a 3 percent rise in net income for the third quarter to $204 million, including an improvement in the performance of its human resources services business, HR Solutions. HR Solutions revenue increased one …

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W.R. Berkley Posts $101M Q3 Profit; Rates on Renewed Policies Up 7%

Young Ha — Tue, 23 Oct 2012 16:06:53 +0000

Commercial lines insurer W.R. Berkley Corp. reported $100.95 million net profit for its third quarter, up 32.1 percent from $76.41 million reported during the same period one year ago. The Greenwich, Conn.-based insurer said its quarterly results benefited from “significant …

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Travelers Will Continue to Seek Improved Pricing: CEO Fishman

Fri, 19 Oct 2012 12:38:49 +0000

The Travelers Companies Inc. said its Business Insurance segment pricing continued to rise in the third quarter — led by workers’ compensation and commercial auto. Rates also continued to climb in the Personal Lines segment. CEO Jay Fishman commented during …

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Travelers Profit Soars to $864M in Q3 as Catastrophe Losses Fall

Thu, 18 Oct 2012 15:54:28 +0000

The Travelers Companies Inc. reported today $864 million net profit for the third quarter — up 159 percent from the same period a year ago when the insurer posted a $333 million profit. Travelers’ latest earnings were boosted by lower …

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