Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Mercury Reports Net Loss From Increased Severity
Jul 30 2012 // Mercury General Corp. on Monday 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. The...
Hiscox Post $197.5 Million 1st Half Profit; Childs to Become Chairman in 2013
Jul 30 2012 // Bermuda-domiciled Hiscox reported its interim results for the 1st half of 2012. The following are selected highlights from the report, as calculated in dollars; the original report gave the figures in pounds. 1st Half 2012...
Aon’s Q2 Earnings Report: Revenue Growth; Net Income Drop
Jul 30 2012 // Aon announced mixed results in its second quarter earnings report. While “organic revenue growth” rose 4 percent, contributing to a $2.8 billion total, Aon said “net income attributable to Aon...
Chubb Profit Slightly Down; U.S. Commercial Renewal Rate Hike 9% in Q2
Jul 27 2012 // The Chubb Corp. reported $404 million profit for its second quarter, declining 3.6 percent from $419 million reported a year earlier. The results were hampered by weaker investment results and significant catastrophe...
More Earnings Reports: Validus Holdings, Montpelier Re
Jul 27 2012 // Selected earnings highlights from Bermuda-based Validus Holdings Ltd. for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $627.089 mn...
Earnings Reports: Arch Capital, SCOR Group
Jul 27 2012 // Selected earnings highlights from Bermuda-based Arch Capital Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.051813 bn...
Selective Posts Lower Profit, Hampered by CAT Loss, Weaker Investments
Jul 26 2012 // Branchville, N.J.-based Selective Insurance Group Inc. posted $0.3 million for its second-quarter profit, down from $1.5 million profit reported during the same period one year ago. The insurer said Wednesday that its...
Liberty Mutual: Much More Rate Hikes Needed to Correct Underpricing
Jul 26 2012 // The upward pricing trends are continuing in the U.S commercial lines, but much more rate increases are still needed to correct the chronic underpricing in the industry, Liberty Mutual CEO David Long remarked. “In...
Midwest Light Rain Not Enough to Stave Off Crop Losses
Jul 26 2012 // Light showers overnight in the southwestern U.S. Midwest were too little too late to prevent further losses to corn and soybean yields, and next week will bring the return of high heat and drought, an agricultural...
Earnings Reports: Aspen Insurance Holdings, Everest Re Group
Jul 26 2012 // Selected earnings highlights from Bermuda-based Aspen Insurance Holdings for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $666.6 mn...
W.R. Berkley Q2 Profit Rose 32%; Average Renewal Rate Hike Was 6%
Jul 25 2012 // W.R. Berkley Corp. reported $108.8 million for its second-quarter net profit, a 32.4 percent increase compared to the same period one year ago. The Greenwich, Conn.-headquartered insurer also said its profit for the first...
Earnings Report: ACE Limited
Jul 25 2012 // Selected earnings highlights from Swiss based ACE Limited for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $5.653 bn $5.423 bn Net...
Crop Insurers Can Handle Midwest Drought Losses: Fitch
Jul 23 2012 // Analysts at Fitch Ratings say they believe the leading writers of crop insurance will be able to absorb any near-term crop losses from the current drought in the Midwest. Fitch said the insurers are likely to maintain...
Aon: June’s Severe Weather Losses Near $2B in U.S.
Jul 23 2012 // Severe weather insurance losses in the United States were close to $2 billion in June, according to Aon Benfield’s Global Catastrophe Report. The report, published by Aon’s Impact Forecasting, noted that the...
What to Know About the NEW & IMPROVED Flood Program
Jul 23 2012 // Now with Fewer Subsidies, Minimum Deductibles, Multifamily Coverage and More 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...
N.Y. Gov. Cuomo Urges Homeowners to Protect Against Storm Losses
Jul 20 2012 // New York Gov. Andrew Cuomo is urging to take steps now to protect their homes in the event New York is hit by any of the nine to 15 storms the National Oceanic and Atmospheric Administration (NOAA) predicts for the 2012...
Earnings Report: Beazley Group
Jul 20 2012 // Selected earnings highlights from Dublin-based Beazley Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $1.0131 bn $924.8 mn Net...
Record Number of Farmers Expected to File Crop Insurance Claims
Jul 20 2012 // The drought ravaging America’s prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving...
Allstate Reports Catastrophe Losses for Q2 of $820 Million
Jul 19 2012 // The nation’s largest publicly-held personal lines insurer, Allstate Corp., announced estimated catastrophe losses of $820 million, pre-tax, for the second quarter 2012, which includes $440 million for June. Last...
RRGs Financially Stable Despite Q1 Underwriting Losses: Demotech
Jul 19 2012 // First quarter 2012 reported financial information indicates risk retention groups continue to exhibit financial stability. RRGs reported a $10 million net underwriting loss collectively, however, they also reported $49.8...
