Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Swiss Re’s 1st 9 Months 2015 Consolidated Net Income up 12% at $3.659 Billion
Oct 29 2015 // Swiss Re reported consolidated net income of $3.659 billion, a 12 percent increase, for the first nine months of 2015, compared to $3.255 billion for the first 9 months of 2014. $1.399 billion was earned in the third...
Swiss Re Estimates Its Tianjin Port Explosion Losses Will Hit $250 Million
Oct 29 2015 // Swiss Re AG, the world’s second-largest reinsurer, posted a 13 percent increase in third-quarter profit after allowing for $250 million in losses from the chemical warehouse explosions in the Chinese city of Tianjin...
New Hampshire Approves Workers’ Comp Loss Cost Decrease of 5.9%
Oct 28 2015 // The New Hampshire Insurance Department announced that it has approved the National Council on Compensation Insurance’s advisory loss cost and rating values filling to be effective Jan. 1, 2016. The approved voluntary...
Target Markets Study: Program Business Revenue Doubled in 5 Years
Oct 28 2015 // The financial performance of commercial property casualty insurance program administrators continues to outpace the performance of the overall property casualty insurance markets, according to the most recent study for the...
Argo Group Reports Q3 Net Income of $35.3M vs. $44.7M for Q3 2014
Oct 28 2015 // Bermuda-headquartered Argo Group International Holdings Ltd. reported net income of $35.3 million, or $1.24 per diluted share, compared to $44.7 million, or $1.54 per diluted share, for the third quarter of 2014. Net...
Marsh Says It’s ‘On Track’ After Q3 Results
Oct 28 2015 // Marsh & McLennan Cos. Inc. reported $3.12 billion in consolidated revenue for the third quarter, a decline of about one percent compared to the same quarter last year, along with an 8.7 percent jump in net income to...
AXIS Q3, 9 Month Earnings Hit by Investments, Loss Events
Oct 28 2015 // AXIS Capital Holdings Limited has reported net income available to common shareholders for the third quarter of 2015 of $248 million, or $2.50 per diluted common share, compared with $279 million, or $2.68 per diluted...
Ping An Profit Rises 32% as Higher Premiums Offset Stock Market Slump
Oct 28 2015 // Ping An Insurance (Group) Co., China’s second-largest insurer, said third-quarter profit rose 32 percent as higher premium income and banking revenue helped offset the impact of a stock market rout on investment...
CoreLogic: $18B in Potential Losses from South Carolina’s ‘Record-Breaking’ Storm
Oct 28 2015 // The potential exposure home insurers in South Carolina face from the early October storm that flooded the state is estimated to be over $18 billion, according to catastrophe modeling firm CoreLogic. Richland County had the...
The Hartford Earnings Fall in Q3
Oct 27 2015 // The Hartford reported core earnings of $364 million for the three months ended Sept. 30, a 24 percent or $113 million decrease from core earnings of $477 million in third quarter 2014. The insurer said the decrease was...
Everest Re Reports Q3 Net Income of $88.6M, Compared to $274.9M in Q3 2014
Oct 27 2015 // Everest Re Group Ltd. reported third quarter 2015 after-tax operating income available to common shareholders of $200.2 million, or $4.53 per diluted common share, compared to after-tax operating income of $280.5 million,...
XL’s Q3 Operating Net Income Down to $70.8M on Integration Costs, Cat Losses
Oct 27 2015 // Dublin-headquartered XL Group reported third quarter operating net income of $70.8 million, or $0.23 per share, down from $187.1 million, or $0.70 per share, in the prior year quarter. The current quarter’s results...
PartnerRe’s Q3 Earnings Impacted by EXOR Acquisition, ‘Difficult’ Market
Oct 27 2015 // As EXOR’s acquisition of Bermuda-based PartnerRe proceeds, it will be taking over a somewhat diminished company, as PartnerRe reported a net loss of $243.3 million, or $5.08 per share for the third quarter of 2015....
No ‘Significant Losses’ Expected from M7.5 Hindu Kush Quake: AIR Analysis
Oct 27 2015 // According to catastrophe modeling firm AIR Worldwide the epicenter the magnitude 7.5 earthquake that struck northeastern Afghanistan yesterday was located in the Hindu Kush mountain range, 45 km (28 miles) north of...
Guy Carpenter Says Wildfire Losses May Exceed $1.75B
Oct 26 2015 // A briefing from Guy Carpenter & Company, LLC on Monday shows more than 9 million acres were burned by wildfires so far this year, most of that occurring in the Western U.S, and that insured losses from wildfires could...
Greenlight Re Posts Q3 Loss on Poor Investment and Underwriting Performance
Oct 26 2015 // Greenlight Capital Re Ltd. posted its third-straight unprofitable quarter on losses in the investment portfolio overseen by hedge-fund manager David Einhorn. The net loss for the period ended Sept. 30 widened to $219.7...
Mexico Losses from Hurricane Patricia ‘Won’t Exceed $200 Million:’ AIR Analysis
Oct 26 2015 // Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in Mexico from Hurricane Patricia won’t exceed $200 million. This is a surprisingly low estimate, as AIR said: “Six...
Donegal Group Reports $5.7M Q3 Net Income
Oct 23 2015 // Donegal Group Inc. today reported $5.69 million net income for its 2015 third quarter, down from $8.75 million net income a year earlier. The Marietta, Pennsylvania-based insurer said its latest quarterly results were...
Auto Insurance Market to Shrink 60% by 2040: KPMG
Oct 23 2015 // By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile...
ACE Q3 2015 Net Income Down 32.7% at $528 Million; Operating Income Up
Oct 22 2015 // ACE Group reported net income for the quarter ended September 30, 2015, of $1.62 per share, compared with $2.32 per share for the Q3 2014, an overall decline of 32.7 percent from $785 million in Q3 2014 to $528 million....
