Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Insurer Loss Ratios High in Oklahoma after Years of Extreme Storms
Aug 5 2013 // The May storms in Oklahoma that produced two EF-5 tornadoes, destroyed thousands of houses, resulted in 46 deaths and sent damage estimates above the $5 billion mark, were extreme examples of a years-long pattern of storms...
Travelers Q2 Profit Rises 85%; Auto Unit Layoffs Planned
Aug 5 2013 // The Travelers Companies reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million a year ago. The insurer credited lower catastrophe losses and continued improvement in...
Florida Supreme Court Rules Replacement Cost Includes Contractor’s Profit
Aug 5 2013 // Florida’s high court has ruled that insurers under a 2008 law must pay a contractor’s overhead and profit as part of the expense of repairing a homeowner’s property despite repairs not having been...
AIG Reports 17% Increase in Profit; Issues First Dividend Since 2008
Aug 2 2013 // American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell. The insurer, which was almost wiped out by...
RSA Posts Lower than Estimated Profit as Investments Decline
Aug 2 2013 // RSA Insurance Group Plc, the U.K.’s biggest non-life insurer by market value, posted a 14 percent increase in first-half profit, missing analysts’ estimates as investment income declined. Pretax profit rose to...
Selective Insurance Q2 Profit Advances to $27M
Aug 1 2013 // Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a...
Hanover Q2 Profit Rises to $53M; Strong Pricing Environment Cited
Aug 1 2013 // The Hanover Insurance Group Inc. reported net income of $53.4 million for the 2013 second quarter, an increase of 157 percent compared to $20.8 million net income during the same period a year ago. The net income for the...
Unlocking prospect information to win business
Jul 31 2013 // Information gathering strategies Unlocking prospect information is a critical skill set that separates the best agents from rest. Recent questions have arisen regarding efficient information gathering. The very best get...
Transportation Insurer National Interstate Posts Surprise Loss
Jul 31 2013 // National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for claims in prior periods proved inadequate, fueling a surprise quarterly loss. National...
Toronto Dominion Bank Warns of Insurance Losses from Weather Claims
Jul 31 2013 // Toronto-Dominion Bank, Canada’s second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) due to recent severe weather in Alberta and Ontario and to boost its...
AXIS Capital Posts $72 Million Q2 Net Income; $50 Million Operating
Jul 31 2013 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2013 of $72 million, or $0.62 per diluted common share, compared with $168 million, or $1.35 per...
Hartford’s Q2 Loss Widens to $190M; P/C Earnings Show Improvement
Jul 30 2013 // The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss widened compared to the same time a year ago, when the insurer reported a net loss of $101...
Mississippi School Districts Shocked By Property Insurance Hikes; Cat Losses Cited
Jul 30 2013 // Property insurance premiums have skyrocketed for Pine Belt school districts. Some have had problems just finding a company to insure them. Lamar County School District Superintendent Ben Burnett told the Hattiesburg...
PartnerRe Posts $175.6 Million Q2 Net Loss; Operating Earnings $51.5 Million
Jul 30 2013 // Bermuda-based PartnerRe Ltd. reported a net loss of $175.6 million, or $3.37 per share for the second quarter of 2013. The earnings announcement said the figure “includes net after-tax realized and unrealized losses...
XL Posts $272.7 Million Q2 Net Income; $221.6 Million Operating
Jul 30 2013 // XL Group plc reported the following hihlights in its earnings report for the second quarter of 2013: — Operating net income for the quarter of $221.6 million is in line with operating net income of $221.9 million in...
Hiscox First-Half Profit Jumps 44%; Net Income $278 Million
Jul 29 2013 // Hiscox Ltd., the second-biggest Lloyd’s of London insurer by market value, said first-half profit jumped 44 percent, beating analyst estimates, helped by accelerating growth in gross written premiums. Net income...
Aon Reports 3% Q2 Revenue Growth; $241 Million Net Income
Jul 29 2013 // Aon’s earnings report of its results for the second quarter of 2013 showed a pattern of growth throughout the organization. Total revenue was $2.9 billion with organic revenue growth of 3 percent, while earnings per...
Allied World Reports $1.9 Million Q2 Net Loss; Operating Income Increases
Jul 29 2013 // Allied World Assurance Company Holdings, AG reported a net loss of $1.9 million, or $0.05 per diluted share, for the second quarter of 2013 compared to net income of $96.4 million, or $2.59 per diluted share, for the...
Donegal Group Posts $2.6M Q2 Profit
Jul 26 2013 // Donegal Group Inc. of Marietta, Penn., today reported net income of $2.6 million for the second quarter of 2013, compared to $2.0 million net income for second quarter of 2012. The company said the profit increase is...
Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying...
