Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Earnings Report: Aspen Holdings
May 1 2012 //
Mercury: First Quarter Income Rose on Lower Losses
Apr 30 2012 // Mercury General Corp. reported on Monday that net income in the first quarter rose to $73.4 million from $58.2 million during the same time last year due to lower loss expenses and gains on investments. Income rose to...
Consumer Rebates Under Medical Loss Ratio Estimated to Be $1.3 Billion
Apr 30 2012 // More than 3 million health insurance policyholders and thousands of employers will share $1.3 billion in rebates this year, thanks to President Barack Obama’s health care law, according to a nonpartisan research...
Earnings Reports: Validus Holdings, AXIS Capital
Apr 30 2012 // Selected earnings highlights from Validus Holdings for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $837.299 mn $849.89 mn Net premiums written...
Willis Posts $225 Million Q1 Net Income; Strong Growth
Apr 27 2012 // Willis Group Holdings reported net income from continuing operations for the quarter ended March 31, 2012 of $225 million, or $1.28 per diluted share, compared with $35 million, or $0.20 per diluted share, in the same...
Liberty Mutual Profit Soars 26% in Q1
Apr 27 2012 // Global insurer Liberty Mutual Holding Co. Inc. and its subsidiaries reported a 26 percent jump in net income for the three months ended March 31 due to higher premiums and lower catastrophe losses. The company reported a...
Senate Committee Votes to End Direct Farm Subsidies, Backs New Insurance Plan
Apr 27 2012 // U.S. farmers will get a new crop-subsidy program that protects them from ruinous declines in revenue, the biggest threat to survival with today’s high and volatile prices, a Senate committee decided on Thursday. The...
Earnings Reports: Everest Re, Montpelier Re
Apr 26 2012 //
Selective Reports $18.1M Q1 Profit; Commercial Lines Price Up 5.1%
Apr 26 2012 // Selective Insurance Group, headquartered in Branchville, N.J., reported $18.1 million net income for its 2012 first quarter, a 11.7-percent decrease compared to $20.5 million income reported during the prior-year...
Petersen International Releases Extended Benefit Supplemental Income Plan
Apr 25 2012 // Petersen International Underwriters has launched a specialty disability insurance plan that features a 10-year benefit period. “Prior to this new plan, the longest monthly benefit period that the market supported was...
Earnings Report: ACE Limited
Apr 25 2012 // ACE Limited reported its results for the first quarter of 2012. Highlights incuded the following: Q1 2012 Q1 2011 Gross premiums written ———— $4.787 bn $4.644 bn Net premiums written...
W.R. Berkley Q1 Income Up 17%, Sees Price Hikes ‘Accelerating’
Apr 24 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...
Reinsurers Resilient Despite Catastrophes, Economic Uncertainty, Says A.M. Best
Apr 24 2012 // In a special report A.M. Best summed up the financial position of the global reinsurance industry as “resilient” in light of “the volatile economic conditions and the frequent and severe loss events of...
Earnings Report: Platinum Underwriters
Apr 24 2012 // Q1 2012 Q1 2011 Net premiums written ———— $143.66 mn $194.78 mn Net premiums earned ———– $138.21mn $182.88 mn Net income (loss) ——————...
Senate Bill Would Revamp Federal Crop Insurance Program
Apr 23 2012 // U.S. farm subsidies would get a 21st Century make-over to protect grower revenue from ruinous losses, the biggest threat to their operations from today’s high and volatile market prices, under a bill unveiled by...
AIG Adopts FASB Accounting Update, Revises Up 2010-11 Income by $5.1B
Apr 20 2012 // American International Group Inc. said Thursday 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...
Willis Global Energy Market Review Highlights 2011 Losses, Fracking Concerns
Apr 20 2012 // Willis Energy, a unit of Willis Group Holdings, released its “Energy Market Review” at conference held at its London headquarters last Tuesday. The review focused on industry losses, current capacity and the...
One Week Brought Most of Alabama’s $3.2 Billion Insured Losses in 2011
Apr 20 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...
Chubb: $506M Q1 Income, Business Insurance Renewal Prices Edge Up
Apr 19 2012 // The Chubb Corporation reported $506 million in net income for the 2012 first quarter, down slightly — 0.59% — from $509 million income reported one year ago. The insurer’s underwriting profit improved...
Donegal Reports $8M Q1 Income, Largest Quarterly Earning in 3 Years
Apr 19 2012 // Donegal Group, a P/C insurance holding company headquartered in Marietta, Penn., reported $8.0 million net income for 2012 first quarter — almost four times the $2.2 million net income reported one year ago. Donegal...
