Q1 2014 earnings report News

Allianz Q1 2014 Profit Falls 2.9%, but Beats Estimates

Allianz SE, Europe’s biggest insurer, reported first-quarter operating profit that fell 2.9 percent, less than analysts estimated, and said it was maintaining its earnings target for the year. Operating profit was €2.72 billion euros ($3.8 billion) compared with €2.8 billion …

Strong Euro Decreases Munich Re’s Q1 Net Profit, Premium Income

The world’s largest reinsurer, Munich Re, reported an almost 5 percent drop in net profit in the first quarter, as a strong euro dragged down premium income.   “Despite negative currency effects, we almost matched the outstanding result of the …

RSA Insurance Reports 15% Drop in Q1 Premiums amid Asset Sales

The RSA Insurance Group Plc reported a 15 percent decline in revenue for the first quarter after the U.K.’s biggest non-life insurer by market value sold assets to bolster its balance sheet.   Net written premiums, a measure of sales, …

Swiss Re Posts $1.226 Billion Q1 Net Income

Swiss Re reported group net income of $1.226 billion for the first quarter of 2014, compared to $1.38 billion in the first quarter of 2013. The bulletin noted that the 11 percent drop should be seen in light of the …

ING Q1 Profit Misses Estimates; Loan Losses Remain High

Dutch financial group ING made underlying profits of €988 million ($1.374 billion) in the first quarter of the year, slightly missing expectations, as loan losses remained high despite a better outlook for the Dutch economy.   A Reuters poll of …

Montpelier Reports $90 Million Q1 Net Income; Operating $72 Million

Bermuda-based Montpelier Re Holdings Ltd. Reported operating income for the first quarter of 2014 at $72 million, or $1.48 per common share, representing a quarterly return on common equity of 4.8 percent. Net income was $90 million, or $1.84 per …

AXIS Reports $152.6 Million Pre Tax Q1 Net Income; Operating $137 Million

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the three months ended March 31, 2014, of $137 million, or $1.24 per diluted common share, compared with $303 million, or $2.55 per diluted common share, for …

ACE Limited Reports $734 Million Q1 Net Income; $777 Million Operating

ACE Limited report first quarter, 2014 net income of $734 million, compared to $953 million in Q1, 2013. The decrease came from the capital gain/loss side of the ledger. ACE posted a $207 million capital gain in Q1, 2013, compared …

PartnerRe Reports $295.7 Million Q1 Net Income; $176.9 Million Operating

Bermuda-based PartnerRe Ltd. reported a net income of $295.7 million, or $5.61 per share for the first quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $115.8 million, or $2.20 per share. Net income for …

Validus Reports Q1 Net Income of $162.4 million

Bermuda-based Validus Holdings, Ltd. Reported net income available to Validus for the three months ended March 31, 2014 of $162.4 million, or $1.66 per diluted common share, compared to $223.2 million, or $1.90 per diluted common share, for the three …