Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Earnings Reports: XL Group, Alterra Capital
Aug 8 2012 // Selected earnings highlights from the XL Group’s headquarters in Dublin, Ireland for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 *Gross premiums written ————...
Aon Benfield Monthly Cat Report Highlights China Floods; Agriculture Losses
Aug 8 2012 // The latest report on the world’s catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, highlights flooding in China that generated more than $8.3 billion in economic...
Calif.’s 9th Circuit Hands Former NFL Player Worker’s Comp Loss
Aug 7 2012 // Retired National Football League offensive lineman Bruce Matthews’ attempt to collect workers’ compensation benefits in California was slapped down by the 9th Circuit Court of Appeal, which ruled he failed to...
Earnings Reports: Argo Group, Flagstone Re
Aug 7 2012 // Selected earnings highlights from the Bermuda-based Argo Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $474.20 mn $406.70...
Munich Re Reports Q2 Profit over $1 Billion; 1st Half near $2 Billion
Aug 7 2012 // Munich Re’s second quarter earnings report notes that it achieved a consolidated profit of €812 million [$1.007 billion], compared to the €738 million [$915.12 million] it reported in Q2 2011. The report...
Berkshire Hathaway Profit Falls on Derivative Losses
Aug 7 2012 // Warren Buffett’s ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as losses on derivatives dragged down results, though operating income set the new...
Earnings Report: AXIS Capital
Aug 7 2012 // Selected earnings highlights from the Bermuda-based AXIS Capital Holdings for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.014375 bn...
Captives Feeling the Squeeze As Global Pressures Intrude: A.M. Best
Aug 6 2012 // Captive insurance firms in the United States are feeling the squeeze of an ongoing soft insurance market, low investment yields and a bleak global financial picture, a new report revealed. A composite of 209 U.S. captive...
Earnings Report: RenaissanceRe
Aug 6 2012 // Selected earnings highlights from Bermuda-based RenaissanceRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $667.336 mn $641.563...
Earnings Reports: Catlin Group, RSA
Aug 6 2012 // Selected earnings highlights in US dollars from the Bermuda-based Catlin Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $3.010 bn...
Report: Insured Losses in Colorado Wildfires Nearly $450 Million
Aug 6 2012 // The two most destructive wildfires in Colorado’s history will cost insurers roughly $450 million, according to a regional insurance association. The massive figure for insured losses comes from the total 600 homes...
Mercury Reports Net Loss From Increased Severity
Aug 6 2012 // Mercury General Corp. on July 30 reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los Angeles, Calif.-based insurer’s shares down nearly 6 percent on that...
The Hanover Posts $20.8 million Q2 Profit
Aug 3 2012 // The Hanover Insurance Group, a Worcester, Mass.-based property/casualty insurer, reported $20.8 million profit for the 2012 second quarter, improving from a loss of $32.2 million reported a year earlier. Smaller...
AIG Reports Q2 Profit Increases; Insurance Units All Gain
Aug 3 2012 // American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also...
Willis Posts $107 Million Q2 Net Income; $332 Million 1st Half
Aug 3 2012 // Willis Group Holdings plc reported its results for the quarter and six months ended June 30, 2012. Selected highlights for the second quarter were listed as follows: — Earnings per diluted share from continuing...
The Hartford Reports $101M Q2 Loss for Debt Payoff
Aug 2 2012 // The Hartford Financial Services Group Inc. reported a $101 million second-quarter net loss Wednesday, a consequence of paying off a huge debt to Allianz SE. Retiring the debt is part of the insurer’s continuing...
Allstate Blows Past Q2 Earnings Estimates on Lower Disaster Impact
Aug 1 2012 // Home and auto insurer Allstate Corp swung to a profit in the second quarter, smashing recently lowered Wall Street expectations, after its disaster losses were less than half of the record-breaking level they hit last...
Recession, Libor, Facebook Punish Europe’s Banks
Aug 1 2012 // Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space...
What to Know About the New Flood Insurance Program
Jul 31 2012 // If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a regular leaking of funds since its inception in 1968. The much-needed,...
Earnings Reports: PartnerRe, Greenlight Re
Jul 31 2012 // Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.16324 bn $1.18205...
