Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8%
Oct 26 2012 // The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe...
Aon Reports 3% Net Income Growth in Q3
Oct 26 2012 // The world’s largest insurance broker Aon reported a 3 percent rise in net income for the third quarter to $204 million, including an improvement in the performance of its human resources services business, HR...
W.R. Berkley Posts $101M Q3 Profit; Rates on Renewed Policies Up 7%
Oct 23 2012 // Commercial lines insurer W.R. Berkley Corp. reported $100.95 million net profit for its third quarter, up 32.1 percent from $76.41 million reported during the same period one year ago. The Greenwich, Conn.-based insurer...
Lower Catastrophe Losses, Better Rate Environment Increase P/C Net Income: A.M. Best
Oct 22 2012 // The U.S. property/casualty industry’s underwriting and operating performance improved substantially in the first half of 2012 according to a special report by A.M. Best Co. Catastrophe losses, while remaining...
‘Big One’ Looms in Minds of Experts Before California ShakeOut
Oct 18 2012 // A day before more than 9 million people in California took part in a massive nationwide earthquake drill on Thursday, U.S. Geological Survey seismologist Lucy Jones stood in a room full of risk professionals in the San...
Independent Agencies Continue Growing in Number, Revenues: Study
Oct 18 2012 // The number of independent insurance agencies has increased, newer agencies are growing and the system as a whole is dynamic, according to the 2012 Agency Universe Study. The study also documents that independent agencies...
Travelers Profit Soars to $864M in Q3 as Catastrophe Losses Fall
Oct 18 2012 // The Travelers Companies Inc. reported today $864 million net profit for the third quarter — up 159 percent from the same period a year ago when the insurer posted a $333 million profit. Travelers’ latest...
China Life Warns on Profits
Oct 17 2012 // China Life , the world’s largest insurer by market value, warned of a 55 percent fall in profits in the first nine months – pointing to its first quarterly loss since 2008. The warning from the state-controlled...
Post-Ike Galveston Reports Record $8.4M in Tourism Revenue
Oct 16 2012 // Galveston had a record $8.4 million in peak-season tourism revenue this year in a continuing turnaround since Hurricane Ike battered the Southeast Texas island. The Galveston County Daily-News reported that officials...
Brown & Brown Boosts Earnings in Q3, Sees Middle Market Improving
Oct 16 2012 // Florida-based national insurance broker Brown & Brown Inc. reported that net income for the third quarter of 2012 was up 12.1 percent to $49.5 million over the same quarter in 2011. J. Powell Brown, president and chief...
Consumers Learn High Cost of Being Poor in New Jersey
Oct 15 2012 // More than a decade ago, Joanne Jubert made six figures as an art director for a New York advertising agency. She pursued her passion of scuba diving. She joined film societies. She bought a modest home in upscale Little...
WC Wage Loss Dispute for S.C. Claimant Who Hopes to Start a Restaurant
Oct 11 2012 // An injured crane operator who expressed his aspiration to start a restaurant business got into a pickle during workers’ compensation proceedings — almost getting denied his wage loss claim, until the...
P/C Sector Expected to Post Strong Q3 Earnings: KBW
Oct 10 2012 // The third-quarter earnings season is almost here. And analysts at research firm Keefe, Bruyette & Woods published their propety/casualty insurance earnings preview this morning. Overall, the analysts expressed...
Best’s Report on Spanish Non-Life Sector Finds Profits, Future Challenges
Oct 10 2012 // “The Spanish non-life insurance sector remained profitable in 2011, but growth remains challenging, as it continues to face one of the bleakest economic environments since the 1930s,” according to a new report...
NCCI Recommends Conn. WC Loss Costs and Rates Increases
Oct 9 2012 // The National Council on Compensation Insurance recently filed a proposal for workers’ comp loss costs and rates increases in Connecticut. The NCCI is proposing that the Connecticut regulators approve a +7.1 percent...
Slow and Steady: Optimism Good for Surplus Lines Market in 2012
Oct 9 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
State Auto Estimates $6.5 – $7.5Mn Q3 Cat Losses; RED Reserves Increased
Oct 9 2012 // State Auto Financial Corporation (STFC) estimates the impact of catastrophe losses in the third quarter of 2012 at between $6.5 million and $7.5 million in pre-tax net. It noted that during the quarter six catastrophe...
Beyond ‘Profits-Only’: 3 Trends That Will Affect Your Bottom Line
Oct 8 2012 // Global trends are like a river. Sometimes they are powerful, sometimes they are weak and sometimes they are so mellow a business can glide along like it’s on a leisurely, summer afternoon pontoon boat ride. But right...
Report Points to Insurance Industry’s Vulnerability to Climate Change
Oct 8 2012 // A report out late last month urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those...
Slow and Steady: Surplus Lines Industry Reverses Downward Trend; Optimism Good for 2012
Oct 8 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
