Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33...
Hong Kong-Based AIA Group Beats Estimates With 22% Jump in Profit
Feb 26 2015 // AIA Group Ltd., the third-largest Asia-based insurer by market value, posted a bigger-than-expected 22 percent increase in full-year profit, led by business growth in China and Hong Kong. Net income climbed to $3.45...
RSA’s Restores 2014 Profit and Dividend; CFO Plans to Step Down
Feb 26 2015 // RSA Insurance Group plc reported its first full-year profit since Stephen Hester took charge, restoring dividends after a string of asset sales and cost-cutting measures. Pretax profit was 275 million pounds [$425.9...
Allianz Profit Drops as Gross’ Exit Spurs PIMCO Asset Outflows
Feb 26 2015 // Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net...
AXA Posts 12% Increase in 2014 Profit Led by Life & Savings Division
Feb 25 2015 // AXA SA, France’s largest insurer, reported a 12 percent jump in full-year profit, buoyed by its life and savings division. The shares rose. Net income climbed to 5.02 billion euros ($5.7 billion) from 4.48 billion...
QBE Returns to Profit During 2014 as North American Unit Improves
Feb 24 2015 // QBE Insurance Group Ltd., Australia’s second-largest insurer by market value, climbed the most in four years in Sydney stock trading as an improving North American business and lower provisions helped it return to...
Diversity Within Insurance Industry Serves Expanding Nonprofits
Feb 23 2015 // Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance...
5 Things to Consider When Insuring Yachts
Feb 23 2015 // Driving by a marina or boatyard, most of us admire the beautiful yachts, and may even daydream about a weekend on the water. Insurance agents likely also envision easily selling coverage to recreational boating customers....
Employee Pay Up But Morale Down
Feb 23 2015 // Agency employees are not happy when it comes to compensation, and money isn’t the problem. Despite some reported increases in salaries and total compensation, many employees continue to be unsatisfied when it comes...
2015 Outlook for P/C: Profitable Despite Lower Rates, Says Wells Fargo
Feb 20 2015 // The commercial property/casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and an improving economy have...
Greenlight Re Reports Q4 Net Income of $60.7 Million; $109.6 Million for Year
Feb 19 2015 // Greenlight Capital Re Ltd., which is based in the Cayman Islands, reported net income of $60.7 million for the fourth quarter of 2014, compared to net income of $83.9 million for the same period in 2013. Net income for the...
PERILS Puts Initial Loss Estimate for Windstorm Elon-Felix at $374 Million
Feb 19 2015 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that its initial loss estimate of the insured property market loss for windstorm Elon-Felix, which...
Swiss Re Plans $1.1 Billion Share Buyback; Q4 Net Income Hit
Feb 19 2015 // Swiss Re AG, swimming in excess capital after several years of lower-than-expected disaster claims, plans to shift to share buybacks to return cash to investors after three years of paying a special dividend. The...
Insurance Australia Shares Drop Most in Six Years After Profit Decline
Feb 18 2015 // Insurance Australia Group Ltd. shares slumped the most in six years after the company’s first-half profit declined and missed expectations. The insurer fell 7.5 percent to A$5.91 as of 1:00 p.m. in Sydney, the...
AIG Q4 Profit Drops on Debt Repayments, Reserve Charges
Feb 13 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, said profit declined 67 percent on costs to pay down debt and add to reserves. Net income fell to $655 million, or 46 cents a share...
Nevada Workers’ Compensation Loss Costs See Slight Decrease in 2015
Feb 12 2015 // Many Nevada employers will see a slight decrease in the premiums they pay for workers’ compensation insurance this year. Insurance Commissioner Scott J. Kipper approved a filing from the National Council on...
Rating Agencies Warn OneBeacon After Loss Reserve Charge
Feb 12 2015 // OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody’s Investors Service, stemming from substantial adverse reserve development in the 20914...
$324 Million: PERILS’ Final Loss Estimate for Windstorm Tini
Feb 12 2015 // PERILS AG announced that its final property insurance market loss estimate for windstorm Tini, also known as Darwin, which affected Ireland and the United Kingdom on 12 and 13 February 2014, is €286 million [$324...
Zurich Insurance Shares Drop as 4th Quarter Profit Drops 20%
Feb 12 2015 // Zurich Insurance Group AG, Switzerland’s biggest insurer, fell short of an earnings target as fourth- quarter profit fell 20 percent on lower income from the general insurance unit. The shares declined. Net income...
LCTA Workers’ Comp Adds Boudreaux as Loss Control Rep in Louisiana
Feb 11 2015 // Louisiana’s LCTA Workers’ Comp has hired Paul Boudreaux as loss control representative. In this position, Boudreaux will perform onsite safety inspections to identify workers’ compensation exposures and...
