Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Hawaii Health Insurance Providers Report 1Q Income
May 17 2012 // Hawaii’s two largest health insurance providers earned operating income during the first three months of the year. Hawaii Medical Service Association on Tuesday reported operating gain of $7.2 million for the...
Allianz Confirms $1.78 Billion Q1 2012 Net Profit
May 16 2012 // As previously announced, Germany’s Allianz SE has had a successful start in 2012 with increases in overall revenues, operating profit and net income for the first quarter well above first-quarter 2011 levels. Allianz...
Zurich Posts $1.1 Billion Q1 Net Profit; Near $1.4 Billion Operating
May 15 2012 // The Zurich Insurance Group reported a business operating profit (BOP) for the first quarter of 2012 of $1.3758 billion, a 62 percent rise from $854 million in Q1 2011, and net income after tax of $1.143 billion for the...
Report: Workers’ Compensation Premium Grows But Market Results Still ‘Conflicted’
May 14 2012 // Workers’ compensation premium grew by 7.4 percent in 2011, a positive sign for the state of the line. However, the combined ratio for the workers’ comp line remains at an unsustainable level, according to a new...
Earnings Report: Alterra Capital
May 11 2012 // Selected earnings highlights from Bermuda-based Alterra Capital Holdings for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $661.330 mn $627.848 mn Net...
MAPFRE Q1 Results: Total Revenue Tops $8.8 Billion, Latin American Growth
May 10 2012 // Spain’s MAFRE Group posted total revenues for the first quarter of 2012 of €6.835 billion [$8.858 billion], an 11.5 percent increase compared to Q1 2011, “thanks to sustained growth of the international...
Allianz Preliminary Q1 2012 Figures Forecast $1.8 Billion Profit
May 10 2012 // German insurance giant Allianz SE has released preliminary figures for the first quarter of 2012, which indicate that total revenues will be over €30 billion [$38.80 billion] slightly above the €29.9 billion [$38.45...
Claims Hurt National Interstate Earnings in Q1 2012
May 9 2012 // National Interstate Corp., headquartered in Richfield, Ohio, reported 2012 first quarter gross premiums written of $130.2 million and net after-tax earnings from operations of $8.6 million or $.44 per share. Gross premiums...
Earnings Report: XL Group
May 9 2012 // Selected earnings highlights from the Dublin, Ireland-based XL Group plc for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 *Gross premiums written ———— $2.4036 bn $2.1967 bn *Net...
Earnings Report: Argo Group
May 8 2012 // Selected earnings highlights from the Bermuda-based Argo Group for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $396.3 mn $347.8 mn Net premiums written...
U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO
May 8 2012 // U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. “When all the assistance is considered, the amount the federal government...
Florida Revises Workers’ Comp Certificates, Excess Profits, Premium Audit Laws
May 7 2012 // Florida’s governor has signed workers’ compensation legislation streamlining the workers’ compensation certificate process, eliminating mandatory premium audits, and discontinuing refunds for insurers...
Berkshire Hathaway Doubles Profit on Lower Catastrophe Losses
May 7 2012 // Berkshire Hathaway said it generated $3.245 billion in net income overall, up from last year’s net income of $1.511 billion last year in the quarter. Last year’s results were hurt by $1.1 billion in insurance...
Earnings Report: Lancashire Group
May 7 2012 // Selected earnings highlights from, Lancashire Group, which include both its insurance and reinsurance operations, for the first quarter of 2012 are as follows: 1 2012 Q1 2011 Gross premiums written...
Travelers Reports $806M Q1 Income; Renewal Rates Are Up
May 7 2012 // The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted...
W.R. Berkley Has $135M Q1 Income, Up 17% From Last Year
May 7 2012 // W.R. Berkley Corporation reported $135.32 million for its 2012 first-quarter net income, a 17 percent increase compared to $115.59 million income reported one year ago. CEO William R. Berkley noted that price increases are...
AIG Revises Up 2010-2011 Income by $5.1B
May 7 2012 // American International Group Inc. said last month it revised up net income from 2010 and 2011 by a combined $5.096 billion after adopting an updated industry accounting standard from the Financial Accounting Standards...
One Week Brought Most of Alabama’s $3.2 Billion Losses
May 7 2012 // Almost $3 billion of the $3.2 billion Alabama insurers paid out to their auto, home and business policyholders in 2011 for catastrophe losses can be traced directly to the tornadoes, hail and thunderstorms that swept...
Is General Ledger Accounting Adequate for P/C Insurance Premium Transactions?
May 7 2012 // In current practice, insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications including AMS and Applied Systems just to name a few. Developed more...
