Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Berkshire’s Workers’ Compensation Product Carries Risks of Innovation
Nov 4 2016 // David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could minimize injuries, he...
Allstate, Esurance Take Hit from Losses in Q3
Nov 4 2016 // Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance provider. The...
AIG Reports Q3 Profit
Nov 3 2016 // American International Group Inc. posted profit that fell short of Wall Street estimates as costs swelled on contracts in which the insurer guarantees payments to accident victims. Third-quarter net income of $462 million,...
CNA Q3 Results Highlighted by ‘Steady Underwriting’
Nov 1 2016 // CNA Financial Corp. reported third quarter 2016 net income of $343 million and net operating income of $311 million. The combined ratio for Property & Casualty Operations for the third quarter was 90.4. Property &...
The Hartford Reports 15% Higher Q3 Profit; Strong Commercial Lines Performance
Oct 28 2016 // The Hartford reported net income of $438 million in third quarter 2016, an increase of 15 percent from third quarter 2015. Core earnings came in at $413 million in third quarter 2016, an increase of 13 percent from third...
West Antarctica’s Ice Loss Shows Signs of Becoming ‘Unstoppable’
Oct 28 2016 // If you want to see the future of New York, Tokyo, or Mumbai, look no further than West Antarctica, where a warmer sea is turning ice into water that may be headed to your doorstep. The bottom of the world has drawn...
Homeowners Insurance Claims, Loss Costs Declining, LexisNexis Report Finds
Oct 27 2016 // A study of home insurance trends reveals good news for home insurance carriers: homeowner claims continue to decrease and loss costs are flat or on the decline. The 2016 LexisNexis Home Trends Report notes that while the...
Chubb CEO Greenberg Reports ‘Excellent’ Q3 Results
Oct 26 2016 // The world’s largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with $528 million, or...
Georgia Estimates $90M in Insured Losses From Hurricane Matthew
Oct 21 2016 // The Georgia Department of Insurance (GADOI) has released preliminary estimates of insured losses in the state from Hurricane Matthew. In a statement issued Thursday, GADOI said more than 30,000 claims have been reported...
Travelers’ Q3 Results Hurt by Auto, Flood Claims
Oct 20 2016 // Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. The stock had the biggest...
Zenefits ‘Overly Optimistic’ in Revenue Projections
Oct 20 2016 // A lot has happened since Zenefits told investors last year that its already lofty projection for annual recurring revenue would more than triple by the end of 2016. The HR software maker saw its founding chief executive...
Alabama’s Oldest Mill Appears to be Total Loss After Fire
Oct 20 2016 // One of the oldest mills in the state has burned to the ground. Butler’s Mill, which was operational as recently as 2015, caught fire Monday. The building appears to be a total loss. AL.com reports Butler’s Mill...
Chubb, Assurance, American Financial Tops in P/C Insurer Performance: Fitch Rating
Oct 14 2016 // Niche property/casualty insurer Assurant Inc., diversified multi-line writer The Chubb Corp. and specialty commercial lines insurer American Financial Group Inc. are ranked the top three performers over the most recent...
U.S. Adjustments to Rules on Tax Inversions Include Exemption for Insurers
Oct 14 2016 // The U.S. Treasury Department softened new rules aimed at preventing multinational companies from shifting their profits offshore to lower-tax countries — a response to sustained criticism from big business and from...
Looking at Injured Worker Benefits from California Comp Reforms out to 2020
Oct 13 2016 // Will workers’ compensation benefits from California’s sweeping reform law passed in 2012 help or hurt injured employees over the next four years? Some people didn’t want to wait until 2020 to answer that...
AIR Estimates Hurricane Matthew Insured Losses at $8.8 Billion
Oct 13 2016 // Hurricane Matthew, which devastated parts of the Caribbean before battering the U.S. East Coast, may cost insurers as much as $8.8 billion, according to AIR Worldwide. The catastrophe-modeling firm estimates insured losses...
FM Global Enhances Cyber Coverage With Cyber-Related Loss Endorsement
Oct 11 2016 // FM Global, a global commercial property insurer, has launched a new endorsement to its all-risk FM Global Advantage policy – Cyber Optimal Recovery – to help maximize a client’s recovery from a cyber-related...
Forecasters Lower Matthew Loss Estimates
Oct 9 2016 // On Friday, a catastrophe modeling firm slashed its estimate for insurance losses from Hurricane Matthew on Friday, as the storm skirted Florida but failed to make landfall. Kinetic Analysis had estimated the insured losses...
Fitch: Matthew Losses Manageable for Florida Property Insurers
Oct 7 2016 // Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the...
Ag Cooperatives’ Profits Rise in 2015 to a Record $7B
Oct 7 2016 // Agriculture cooperatives posted record profits last year highlighting the business model the U.S. Department of Agriculture says provides more than 2 million jobs. The USDA says in a report on Oct. 4 net income for the...
