Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Nationwide Mutual’s Profit Down on $1.5 Billion Disaster Losses
Aug 15 2011 // Insurance company Nationwide Mutual said profits in the first half of the year fell by more than half after paying claims, like the rest of the industry, for some of the worst tornadoes in U.S. history. Privately held...
Florida’s Citizens Has Sweet Plan to Cover Hurricane Losses
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Government Reaps Benefit of P/C Insurers’ Excess Profits
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Easy Ways to Increase Revenue and Profits with Little and Preferably No Effort
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
ABI Assures UK Business Owners of Insurance Coverage for Riot Losses
Aug 11 2011 // Along with its recap of the applicable provisions of UK law covering damages caused by riots, the Association of British Insurers also issued a special letter to business owners. The ABI expressed its sympathy for those...
Bank Insurance Brokerage Income Marks New Record; Up Amost 20%
Aug 8 2011 // Bank holding companies (BHC) set a new record, marking the highest quarterly results ever recorded for first-quarter insurance brokerage income. BHCs posted $3.98 billion in insurance brokerage income in the first quarter...
S&P Revises Outlook on Platinum to Negative; Affirms Ratings
Aug 8 2011 // In an announcement that received slightly less notice than the downgrading of the U.S.’ ratings from ‘AAA’ to ‘AA+’, Standard & Poor’s also announced that it has revised its outlook...
Hannover Re Posts $313 Million Net Income for 1st Half 2011
Aug 8 2011 // German reinsurer Hannover Re reported that its net income for the first six months of the year totaled €218.5 million [$313 million], despite the losses that occurred in the first quarter. The decrease was substantial,...
Berkshire Insurance Loss Offset By Rails, Manufacturing Gains
Aug 7 2011 // Warren Buffett’s conglomerate Berkshire Hathaway Inc. reported a larger second-quarter profit Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting...
European Insurers’ Greek Hit Fuels Debt Concerns
Aug 5 2011 // Allianz and Generali followed rivals in aggressively writing down holdings of Greek government bonds on Friday, fuelling investor concerns about the possible impact on insurers of a worsening sovereign debt...
Bank of America Says Legal Losses Could Hit $2.3 Billion
Aug 5 2011 // Bank of America Corp.’s legal losses could cost as much as $2.3 billion above money already set aside to cover litigation, the largest U.S. bank by assets said in a securities filing. BofA raised the possible legal...
AIG Posts Q2 Profit on AIA Stake
Aug 5 2011 // Bailed-out insurer American International Group reported a profit for the second quarter Thursday, as tax benefits and its one-third stake in Asian insurer AIA offset a decline in operating income at its main...
Despite Q2 Profits Munich Re Posts $297 Million 1st Half Loss
Aug 5 2011 // Munich Re, the world’s largest reinsurer, bounced back into the black during the second quarter of 2011, making profits of €738 million [$1.042 billion], an increase over the €709 million [$1 billion] posted...
The Hartford Q2 Profit Hit by Asbestos Charges, Tornado Losses
Aug 4 2011 // As it warned earlier, Hartford Financial Services Group saw its profit fall in the second quarter due to large catastrophe losses and a charge to increase asbestos reserves. Overall, The Hartford reported a net profit of...
Catlin Hit by $201 Million Net Loss for 1st 6 Months
Aug 4 2011 // The Bermuda-based Catlin Group Limited announced its financial results for the six-month period ended 30 June 2011 from its London office, highlighted by a $201 million net loss for the period, compared to an $86 million...
Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%
Aug 4 2011 // Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the same period of 2010. “All segments contributed to these positive results,...
HCC Insurance Holdings Reports Strong Results in Q2 2011
Aug 4 2011 // Houston-based HCC Insurance Holdings Inc. reported that despite widespread catastrophe losses internationally and domestically during the second quarter of 2011 the company’s financial results for both the second...
Meadowbrook Sees Operating Income Decrease, Premium Increase in Q2
Aug 3 2011 // Meadowbrook Insurance Group Inc., based in Southfield, Mich., reported second quarter 2011 net operating income of $8.5 million, compared to $12.6 million for the same period last year. The accident quarter combined ratio...
Marsh Reports Revenue Up 12% in Q2
Aug 3 2011 // Marsh & McLennan Companies Inc. reported 12 percent combined revenue growth for the second quarter, reflecting new business and increased retention in insurance and risk services, along with growth in...
Second Quarter Earnings Reports: PartnerRe
Aug 3 2011 //
