Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Validus Reports $153.4 Million Q2 Net Income; $315.8 Million 1st Six Months
Jul 25 2014 // Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $153.4 million, or $1.61 per diluted common share, for the three months ended June 30, 2014, compared to $30.7 million, or $0.28 per diluted...
Everest Re Posts $290.2 Million Q2 Net Income; $584.1 Million Half Year
Jul 24 2014 // Everest Re Group reported second quarter 2014 net income of $290.2 million, or $6.26 per diluted common share, compared to net income of $275.6 million, or $5.56 per diluted common share, for the second quarter of...
Allied World Reports $151.9 Million Q2 Net Income
Jul 24 2014 // Allied World Assurance Company Holdings, AG reported net income of $151.9 million, or $1.52 per diluted share, for the second quarter of 2014 compared to a net loss of $1.9 million, or $0.02 per diluted share, for the...
Best Comments on Insurance Implications of Malaysia Airlines Flight MH-17 Crash
Jul 24 2014 // A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result...
Insured Global Disaster Losses in First Half Reached $22B: Aon Benfield
Jul 23 2014 // Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year...
Chairman Says Vietnam Insurer PVI Holdings 1st Half Profit to Beat Forecast
Jul 23 2014 // PVI Holdings, Vietnam’s second- largest listed insurer, forecast first-half earnings will beat its target by 19 percent, buoyed by an increase in non-life- insurance revenue. After-tax profit for the first six months...
ACE Limited Posts $779 Million Q2 Net Income; $1.513 Billion 1st Half
Jul 23 2014 // ACE Limited reported net income of $779 million for the first quarter of 2012, compared to $891 million in Q2 2013. For the first six months of 2014 ACE had net income of$1.513 billion, compared to $1.844 billion in the...
Travelers Posts $683M Q2 Profit, Misses Estimates as Catastrophe Losses Rise
Jul 22 2014 // Property and casualty insurer Travelers Cos. Inc.’s quarterly earnings fell short of analysts’ estimates as hail and wind storms in the United States increased catastrophe losses. The company, a Dow Jones...
Donegal Group’s Q2 Profit Declines 26% to $1.9M
Jul 22 2014 // Donegal Group Inc. in Marietta, Pennsylvania, today reported $1.94 million net income for its 2014 second quarter, a decline of 26 percent from $2.63 million net income posted during the 2013 second quarter. The insurer...
P/C Insurers’ Profit Dipped in Q1
Jul 21 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net gains...
Report: $100M in Losses from Southern California Quake
Jul 21 2014 // The moderate earthquake that struck Southern California in spring did more damage than people may think – and a bigger quake on that fault could be more devastating than a “big one” on the region’s...
Insured Losses From Hurricane Arthur Below $250 Million: RMS
Jul 18 2014 // Insured losses from Hurricane Arthur will not exceed $250 million from wind and coastal flooding, catastrophe risk modeling firm RMS said. According to RMS, the expected loss covers damages to Residential, commercial,...
N.Y. DFS Disapproves NYCIRB’s +6.8% Loss Cost Level Change Filing
Jul 17 2014 // The New York Compensation Insurance Rating Board (NYCIRB) announced in a bulletin yesterday that the New York Department of Financial Services (DFS) issued an opinion and decision letter disapproving the +6.8 percent...
Fitch Forecasts Shrinking P/C Insurer Profits
Jul 17 2014 // Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t...
Flood Losses Loom for Some South Dakota Farmers
Jul 14 2014 // Soybean and corn crops are progressing well in South Dakota, agriculture officials said, though farmers in the eastern part of the state could suffer some losses after heavy rains flooded portions of many fields. Gregg...
Fireman’s Fund in California Names Hunter Loss Prevention Leader
Jul 14 2014 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Matt Hunter as national loss prevention leader. Hunter will be based in Southern California and will be a part of the risk services and solutions team focusing...
Progressive Insurance Profit Down as Investment Gains Narrow
Jul 11 2014 // Progressive Corp., the fourth- largest U.S. car insurer, said second-quarter profit fell 9.6 percent as investment gains narrowed. Net income dropped to $293.4 million, or 49 cents a share, from $324.6 million, or 54...
Golf Ball-Sized Hail Batters South African Insurers’ Earnings Outlook
Jul 11 2014 // Angela Dike was showing clients how to make duck red curry and chocolate spring rolls in her Thai cooking class when hail stones as big as golf balls started slamming into the 18 cars parked outside. Windscreens and...
Report: $100M in Losses from Southern California Quake
Jul 9 2014 // The moderate earthquake that struck Southern California in spring did more damage than people may think – and a bigger quake on that fault could be more devastating than a “big one” on the region’s...
South Carolina Workers’ Compensation Loss Costs Cut
Jul 8 2014 // South Carolina employers should see their workers’ compensation premiums go down this year since regulators have approved an average 7.4 percent decrease in the state’s loss costs. Director of Insurance Ray...
