Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
MAPFRE Posts $9.1 Billion Q1 Total Revenues; $346.5 Net Income
May 6 2013 // Spain’s MAPFRE announced that it had total revenues of €6.942 billion [$9.1 billion], a 1.6 percent increase, and attributable results of €264.3 million [$346.5 million], down by 2.6 percent, in the first quarter...
RIMS Conference in LA Risks No Loss of Subject Matter
May 6 2013 // Renewal of the Terrorism and Risk Insurance Act was a much talked about topic at the annual Risk and Insurance Management Society conference, a four-day event in Los Angeles, Calif. in late April that included panels...
U.S. P/C Industry Posts $33.5B 2012 Income Despite Huge Catastrophe Losses of $32B
May 6 2013 // U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate — in part because catastrophe losses were...
Marsh & McLennan Q1 Profit Jumps 19% to $413M
May 3 2013 // Marsh & McLennan Companies Inc. reported Thursday $413 million net income attributable to the company for its 2013 first quarter, up 19 percent from $347 million in the prior year period. The consolidated revenue in...
Liberty Mutual Q1 Profit Falls 31% to $318M Amid Investment Losses
May 3 2013 // Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first quarter. The company’s...
XL Group Reports $350.8 Million Q1 Net Income; P&C Combined Ratio 87.7%
May 3 2013 // CEO Mike McGavick seemed quite pleased with XL’s results for, the first quarter of 2013. “XL once again delivered solid results — the kind of results we seek to routinely produce,” he wrote in the...
RenaissanceRe Posts $190.5 Million Q1 Net Income; 36.2% Combined Ratio
May 3 2013 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted common share in the first quarter of 2013, compared to $201.4 million or $3.88 per...
Endurance Reports $92.1 Million Q1 Net Income; 85% Combined Ratio
May 3 2013 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $92.1 million and $2.13 per diluted common share for the first quarter of 2013, compared to net income of $74.4...
AIG Reports P/C Underwriting Gain for Q1
May 2 2013 // American International Group Inc.’s property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and...
Schinnerer Adds Crime, Kidnap, Ransom Coverage to Non-Profit Program
May 2 2013 // Victor O. Schinnerer & Co. has added crime and kidnap, ransom, and extortion coverages to its suite of offerings for non-profits. The new coverages round out the program’s existing offering of directors &...
Swiss Re Reports $1.4 Billion Q1 Net Income; Combined Ratio of 72.4%
May 2 2013 // Swiss Re’s earnings report reflected the lack of significant catastrophe events in the first quarter of 2013, which, except for the nasty winter weather in many parts of the world, didn’t see any high cost loss...
Hanover Insurance Group Q1 Profit Rose 33% to $66M
Apr 30 2013 // The Hanover Insurance Group Inc. reported net income of $66.2 million for its 2013 first quarter, up 33.2 percent compared to $49.7 million income reported during the first quarter of 2012. Operating income for the first...
The Hartford Reports $241M Q1 Loss Mainly Due to One-Time Charges
Apr 30 2013 // Hartford Financial Services Group Inc. posted a net loss of $241 million for its 2013 first quarter, compared to net profit of $96 million reported during the first quarter of 2012. The latest quarterly net loss was mainly...
AXIS Capital Posts $303 Million Q1 Net Income; $227 Million Operating
Apr 29 2013 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2013 of $303 million, or $2.55 per diluted common share, compared with $122 million, or $0.96 per...
Montpelier Re $91.9 Million Q1 2013 Net Income; Operating Income $66 Million
Apr 29 2013 // Bermuda-based Montpelier Re Holdings Ltd. reported comprehensive net income for the first quarter ended March 31, 2013 of $91.9 million, compared to $110.8 million in the same period of 2012. The report said: “Fully...
New York City Sues BP for Pension Losses Over 2010 Gulf Oil Spill
Apr 28 2013 // New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city’s pension funds sustained due to BP’s “misconduct and fraudulent behavior” linked...
Selective Insurance Q1 Profit Up 18% to $21.3M
Apr 26 2013 // Branchville, N.J.-based Selective Insurance Group said its 2013 first quarter net income came in at $21.3 million, a 17.7 percent increase from $18.1 million reported during the first quarter of 2012. Total net premiums...
Chubb Q1 Profit Rises 30% to $656M; CEO Says ‘Market Remains Firm’
Apr 26 2013 // Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and...
U.S. P/C Industry 2012 Income $33.5B in Spite of $32B in Cat Losses
Apr 26 2013 // U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because catastrophe losses were...
Aon Reports Q1 Total Revenue of $2.9B; Net Income $261M
Apr 26 2013 // Aon summarized the results from its various operations in the first quarter of 2013 as follows: – Total revenue was $2.9 billion with organic revenue growth of 2 percent – – EPS from continuing operations...
