Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Insurance Australia Group Posts US$ 840 Million Half Year Insurance Profit
Feb 22 2013 // Insurance Australia Group Limited (IAG) announced an insurance profit of A$815 million [US$840 million] for the half-year ended 31 December 2012, compared to A$276 million [US$284.6 million], for the first half of 2012....
AIG Q4 Operating Results Beat Expectations
Feb 21 2013 // Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this year because the...
Swiss Re Posts $4.2 Billion 2012 Net Income; Premiums & Fees up 15%
Feb 21 2013 // Swiss Re reported strong 2012 results with net income for the year of $4.2 billion for full-year 2012, compared to $2.6 billion in 2011. The report said the “result was driven by strong premium and fee income growth...
Fitch Concludes Indonesian Flood Losses Manageable for Non-Life Insurers
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...
RSA Posts $1.047 Billion 2012 Operating Profit; 5% Premium Growth
Feb 20 2013 // The UK’s RSA posted a solid operating profit of £684 million [$1.047 billion], compared to £727 million [$1.113 billion in 2011; while registering a five percent increase in net written premiums to £8.353 billion...
Allied World Posts $41.1 Million Q4 Loss; FY 2012 Net Income $493 Million
Feb 15 2013 // Allied World Assurance Company Holdings, AG, which is domiciled in Switzerland, reported a net loss of $41.1 million, or $1.17 per diluted share, for the fourth quarter of 2012 compared to net income of $183.1 million, or...
Insurer Reports Sandy Flood Claims Resolving Quickly
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
Ironshore Acquires Specialty Stop Loss Insurance Broker
Feb 14 2013 // Ironshore Inc. has acquired Excess Risk Reinsurance (ERR) Inc., a managing general underwriter specializing in the Employer Stop Loss insurance sector. ERR will operate as a wholly-owned subsidiary of Ironshore Insurance...
Zurich Posts $ 3.9 Billion Net Income; Farmers GWP up 24% to $4.4 Billion
Feb 14 2013 // The Zurich Insurance Group reported a business operating profit (BOP) of $4.1 billion and net income attributable to shareholders (NIAS) of $3.9 billion for the year ended December 31, 2012. Zurich’s report gave the...
Main Street America Reports 2012 Results
Feb 13 2013 // The Main Street America Group announced today its 2012 financial results included an 11.9 percent return on equity, $978 million net written premium, surplus growth of $71 million and net income of $56.7 million for the...
Aspen Posts $2 Mn Q4 Net Income; FY $280.4 Mn; No Plans to Exit U.S. Property
Feb 13 2013 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $2.0 million for the fourth quarter of 2012, compared to $12.4 million in Q4 2011. After tax net income for the full year was $280.4 million,...
Willis Reports $804 Million Q4 Operational Loss from Financial Charges
Feb 13 2013 // Willis Group Holdings has reported its results for the fourth quarter of 2012 and the twelve months ended December 31, 2012. The bulletin also noted that Joe Plumeri’s 12 year tenure as CEO officially ended with the...
Marsh & McLennan Q4 Profit Up 1%; Full-Year Profit Rose 18% to $1.18B
Feb 12 2013 // Marsh & McLennan Cos. Inc. reported this morning $259 million for the 2012 fourth quarter net income attributable to the company, a 1.2 percent increase from $256 million income reported during the fourth quarter of...
High Prices, Crop Insurance to Offset Drought Losses for Farmers in 2013: USDA
Feb 12 2013 // The seven-year-old U.S. agricultural boom, driven by record-high commodity prices and painfully tight supplies, is expected to peak this year and then come to an abrupt end as high costs start to bite, the government...
Renaissance Re Posts $41.7 Million Q4 Net Income; $566 Million FY 2012
Feb 12 2013 // Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $41.7 million or $0.87 per diluted common share in the fourth quarter of 2012, compared to $81.8 million or $1.58 per diluted...
Montpelier Re Reports $27 Million Q4 Net Loss; FY 2012 Net Income of $214 Million
Feb 11 2013 // Bermuda-based Montpelier Re Holdings Ltd. reported an operating loss for the fourth quarter of 2012 of $0.31 per common share ($17 million) and a net loss of $0.48 per common share ($27 million), each expressed after...
PartnerRe Reports $111.5 Million Q4 Net Income; FY 2012 $1.1345 Billion
Feb 11 2013 // Bermuda-based PartnerRe Ltd. reported net income of $111.5 million, or $1.56 per share for the fourth quarter of 2012. The figure includes net after-tax realized and unrealized losses on investments of $7.4 million, or...
IAG Updates Loss Estimates from Australia’s Floods and Fires
Feb 11 2013 // Insurance Australia Group’s Australia Direct and CGU businesses announced that they have “so far received over 13,700 claims arising from ex-Tropical Cyclone Oswald, with the cost to the Group expected to be in...
Half of 2012’s Global Economic Losses Due to U.S. Natural Disasters: Aon
Feb 11 2013 // While global economic losses were close to average in 2012, insured losses were 36 percent higher than the 10-year average ($72 billion versus $53 billion) because the two most costly events of the year occurred in the...
