Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
The Hanover Posts $55M Q4 Loss, but Full-Year 2012 Profit Up 52% to $56M
Feb 8 2013 // The Hanover Insurance Group in Worcester, Mass., reported a net loss of $55.0 million for the 2012 fourth quarter, in contrast to $49.6 million profit posted for the fourth quarter of 2011. The Hanover’s latest...
Beazley Posts Strong Growth; Pretax 2012 Profits $251.2 Million
Feb 8 2013 // Beazley plc announced strong growth for the year 2012. Highlights of its recently released earnings report include the following: •Profit before income tax of $251.2 million (compared to $62.7 million in 2011) •Return...
Catlin Group’s $339 Million 2012 Profit Less than Forecast as Sandy Loss Widens
Feb 8 2013 // Bermuda-based insurer Catlin said its profit fell short of analysts’ forecasts because of a bigger than expected claims bill from Superstorm Sandy and the Costa Concordia shipwreck. Catlin, operator of the biggest...
XL Group Posts $81.4 Million Q4 Net Income; $651.1 Million Full Year
Feb 8 2013 // XL Group plc reported robust results for both the fourth quarter of 2012, and for the full year. The earnings highlights were listed as follows: • Operating net income of $38.9 million, or $0.13 per share, for the...
Lucky Or Smart? Experts Weigh-In On P/C Industry’s Sandy Impact
Feb 7 2013 // At least one industry analyst says that good risk management is protecting insurers as they face a new normal level of catastrophe losses. Other experts believe luck is playing a bigger role than skill. Speaking at the...
Argo Group Posts $4.7 Million Q4 Loss; FY Net Income $52.3 Million
Feb 7 2013 // The Bermuda-based Argo Group International Holdings announced the following highlights in its report on results for the fourth quarter of 2012: • Gross written premiums were $389.7 million, an increase of $47.9 million...
$1.2 Billion in Sandy Losses Paid, Allstate Pursuing Rate Hikes
Feb 7 2013 // Allstate Corp.’s quarterly profit fell 45 percent on losses from superstorm Sandy, but the home and auto insurer said it has paid out about 95 percent of Sandy claims and is seeing rate increases across...
Everest Re Reports $58.8 Million Q4 Net Income; FY 2012 $829 Million
Feb 7 2013 // The Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2012 net income of $58.8 million, or $1.13 per diluted common share, compared to net income of $41.0 million, or $0.76 per diluted common share, for the...
Chubb to Provide Loss Prevention Guide for Directors Dealing with M&A Litigation
Feb 6 2013 // The Chubb Group of Insurance Cos. has created a new loss prevention guide aimed at assisting directors and officers in preparing for litigation if their firm engages in a merger or acquisition. “Merger and...
Earnings Report: AXIS Capital Holdings
Feb 6 2013 // Selected earnings highlights* from Bermuda-based AXIS Capital Holdings for the fourth quarter and the full year 2012 are as follows: ———————————— 4th...
Markel’s 2012 Q4 Profit Rises 13%; Full-Year Profit Up 78%
Feb 5 2013 // Markel Corp. reported 2012 fourth-quarter net profit to shareholders of $56.79 million, up 13.2 percent compared to $50.18 million reported in the fourth quarter of 2011. For the full-year 2012, the Glen Allen, Va.-based...
The Hartford Posts $46M Q4 Net Loss; $350M in Sandy Loss Reported
Feb 5 2013 // The Hartford Financial Services Group Inc. reported a net loss of $46 million for the 2012 fourth quarter, in contrast to the fourth quarter of 2011 when the company posted $118 million profit. The Hartford,...
Munich Re Preliminary Figures Show $4.33 Billion Profit in 2012
Feb 5 2013 // Munich Re’s preliminary financial figures for 2012 show a profit of €3.2 billion [$4.33 billion], compared to catastrophe prone 2011, when it posted a profit of €710 million [$960 million]. The reinsurer’s...
Brown & Brown’s 2012 Q4 Profit Up 16.8%
Feb 4 2013 // Florida-based national insurance brokerage Brown & Brown Inc. reported 2012 fourth-quarter net profit of $42.64 million, up 16.8 percent compared to the 2011 fourth quarter when the broker reported $36.49 million...
Georgia Insured Loss from Tornado Estimated at $75 Million
Feb 4 2013 // Georgia Insurance and Safety Fire Commissioner Ralph Hudgens said last week’s tornadoes caused an estimated $75 million in insured losses. Authorities believe the tornado swelled to 900 yards wide — more than...
Selective Reports 2012 Q4 Profit of $1.3M; Sandy Losses at $30.3M
Feb 1 2013 // Branchville, N.J.-based Selective Insurance Group posted 2012 fourth quarter net income of $1.3 million, down more than 92 percent compared to the 2011 fourth quarter when the insurer reported $18.0 million profit. The...
Chubb’s 2012 Q4 Profit Drops 77% to $102M; $882M Sandy Loss Reported
Feb 1 2013 // The Chubb Corp. reported $102 million net profit for its 2012 fourth quarter, down 77.4 percent compared to the fourth quarter of 2011 when the insurer reported $452 million profit. Chubb’s net profit for the...
Aon Posts $11.5 Billion FY Total Revenue; $3.1 Billion in Q4; Income Gains
Feb 1 2013 // Aon has reported that its total revenue for 2012 increased by 2 percent to $11.5 billion “due to a 4 percent increase in organic revenue, partially offset by a 2 percent unfavorable impact from foreign currency...
Nevada Workers’ Comp Loss Costs: Small Increase in 2013
Jan 30 2013 // Thanks to rising medical costs many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance this year, according to the Nevada Division of Insurance. The average...
W.R. Berkley’s 2012 Q4 Profit Up 41%; $40M in Sandy Loss Reported
Jan 30 2013 // W.R. Berkley Corp. said its 2012 fourth quarter net profit was $165.49 million, up 41.4 percent compared to the same period in 2011 when it had $117.03 million profit. For the full-year 2012, the Greenwich, Conn.-based...
