Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
NCCI Sees Stable Trends in New England
May 2 2016 // The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating...
San Antonio Hailstorm: Costliest Ever in Texas?
May 2 2016 // A hailstorm that covered a swath of nearly 70 miles hit the San Antonio area on April 12 and is estimated to become the costliest such storm in Texas history, an insurer trade group says. The storm was concentrated in the...
Workers’ Compensation: Combinability of Insureds
May 2 2016 // Consolidating separate legal entities’ loss experience to develop a common experience modification factor has the potential to cause confusion for the client and sometimes the agent. Clients may view such mixing of...
Aon Reports 4% Drop in Q1 2016 Net Income to $315 Million
Apr 29 2016 // London-based Aon plc reported net income attributable to Aon shareholders of $315 million, or $1.15 per share, during the first quarter ending March 31, which is down 4 percent from $328 million, or $1.14 per share, from...
The Hartford Profit Fell 30% in Q1 Due to Higher Auto Losses, Lower Investment Income
Apr 29 2016 // The Hartford reported disappointing personal lines result for the first quarter of the year, which along with decreased investment income contributed to a 31 percent drop in profit for the quarter. First quarter 2016 net...
Swiss Re Q1 Net Income Down 15% to $1.23B; New Head of Reinsurance Named
Apr 29 2016 // Swiss Re AG, the world’s biggest reinsurer, reported lower first-quarter profit as the company bulked up its reserves and pricing in the industry remained under pressure. Net income dropped to $1.23 billion from...
NCCI Sees Stable Trends in New England
Apr 28 2016 // The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating and...
Marsh Reports Q1 Growth of 2%; Guy Carpenter 3%
Apr 28 2016 // Global insurance, risk and consulting firm Marsh & McLennan Companies Inc. reported growth across all of its companies in for the first quarter ended March 31, 2016. Consolidated revenue in the first quarter of 2016...
Motorists Insurance Group Reports Strong Results for 2015
Apr 27 2016 // The Motorists Insurance Group, based in Columbus, Ohio, announced it recorded a strong performance in 2015, which included underwriting profits across all lines, $729 million in direct written premium, and a combined ratio...
Ironshore Product Recall Coverage for Food Industry Covers Rehabilitation, Loss of Income
Apr 27 2016 // Ironshore Pembroke Managing Agency Ltd. is offering Product Contamination Recall Insurance, focusing on risk exposure within the food and beverage industries. Contamination and subsequent recall occurrences can be...
Munich Re Issues First Quarter Profit Warning on Lower Equity Investments
Apr 27 2016 // Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be lower than a year...
Plaintiff Seeks Future Revenues to Settle Led Zeppelin Copyright Spat
Apr 27 2016 // Lawyers suing members of rock supergroup Led Zeppelin say their client is willing to settle a lawsuit over the band’s most famous song–a claim potentially worth millions of dollars–for just $1. The catch...
FEMA Grants Proof of Loss Extension to Louisiana NFIP Policyholders
Apr 26 2016 // Louisiana Insurance Commissioner Jim Donelon announced that the Federal Emergency Management Agency (FEMA) has granted a 60-day extension on filing the Proof of Loss form for National Flood Insurance Program (NFIP)...
Donegal Group Reports $11.8M Q1 Net Income
Apr 22 2016 // Donegal Group Inc. reported net income of $11.8 million for the first quarter of 2016, a 73 percent increase over $6.9 million for the first quarter of 2015. The Marietta, Pennsylvania-based insurer said net premiums...
Aspen Q1 Operating Income Decreases to $89.9M from $98M in Q1 2015
Apr 22 2016 // Bermuda-based Aspen Insurance Holdings Ltd. reported net income after tax of $114.4 million, or $1.68 per diluted share for the first quarter of 2016, compared with $128.0 million reported for the same quarter in 2015....
SCOR Increases P&C GWP Levels by 4.7% During April Renewals; Profits on Target
Apr 22 2016 // SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3...
Allstate Racks Up Big March Losses from Southwestern Hailstorms
Apr 21 2016 // The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the...
Travelers Profit Drops 17% in Q1 Due to Texas Storms
Apr 21 2016 // The Travelers Companies Inc. reported net income of $691 million for the quarter ended March 31, 2016, down 17 percent from $833 million in the prior year quarter. Operating income in the current quarter was $698 million...
Allied World’s Q1 Investment Income Rises 20%; Combined Ratio Worsens to 96%
Apr 21 2016 // First, the good news about Allied World’s 2016 first quarter: investment income grew by nearly 20 percent. Many other things for Allied World Assurance Company Holdings AG, however, were on a downward trajectory...
Outlook for National Lloyds Insurance Revised to Stable
Apr 19 2016 // A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a” of National Lloyds Insurance Co. (National...
