Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Travelers Has $806M Q1 Income; Business Insurance Renewal Price Up 8%
Apr 19 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...
Travelers Cos. to Kick Off P/C Insurers’ Q1 Earnings Season This Week
Apr 18 2012 // The Travelers Companies Inc. will kick off property/casualty insurers’ 2012 first-quarter earnings season Thursday, April 19, when the company reports its 2012 first three month results. Travelers is the first major...
Brown & Brown Posts $49.4M for 2012 Q1 Net Income, Up 6.3%
Apr 18 2012 // Daytona Beach, Fla.-headquartered Brown & Brown Inc. reported 2012 first-quarter net income of $49.43 million, up 6.3 percent from one year ago. The insurance brokerage firm also reported $302.49 million in revenue...
Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net...
How Health Care Reform Will Reshape the Medical Malpractice Market
Apr 16 2012 // The Supreme Court is holding the fate of the Patient Protection and Affordable Care Act of 2010 in its hands, but that hasn’t stopped the medical malpractice liability market from developing new products and taking...
Former Head of Oversight Panel Blasts AIG Tax Deal
Apr 16 2012 // Elizabeth Warren, the former chair of a congressional oversight panel and currently a U.S. Senate candidate from Massachusetts, is criticizing the government for granting American International Group billions of dollars...
Report: Reinsurers See Lower Loss Activity, Market Support
Apr 16 2012 // Reinsurers have seen more positive results in the first quarter of 2012 than in the previous two years. “Lower levels of loss activity in both the U.S. and International markets, and a gradual improvement in rating...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
