Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Allianz Preliminary Q1 Figures Show $1.339 Billion Profit
May 5 2011 // Germany’s Allianz has issued a bulletin outlining the Group’s fiexpected financial results for the first quarter of 2011. It will release the full details for the period on May 12. Allianz said that based on...
Cat Losses Rise but State Auto Q1 Income Nearly Even with Last Year
May 4 2011 // State Auto Financial Corp., based in Columbus, Ohio, has reported first quarter 2011 net income of $12.7 million versus net income of $12.9 million for the first quarter of 2010. STFC’s GAAP combined ratio for the...
First Quarter Earnings Reports: Hannover Re, Argo Group
May 4 2011 //
Bank Insurance Fee Income Again Reaches Record High
May 3 2011 // Bank insurance brokerage fee income in 2010 reached a record level as it rose 7.9 percent from $12.36 billion in 2009 to $13.33 billion in 2010, according to a new report. The report, compiled by Michael White Associates...
The Hanover Reports Q1 Profits
May 3 2011 // Massachusetts-based insurer The Hanover posted first-quarter profits of $29.3 million, down slightly from the $41.8 million seen in the year-ago period. Profits came on an increase in net premiums written to $749.9...
First Quarter Earnings Report: PartnerRe
May 3 2011 //
Cincinnati Financial Corp. Sees Decreased Income in Q1
May 3 2011 // Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during...
Markel Corp. Enhances Not-for-Profit Management Liability Products
May 2 2011 // Markel Corp. has enhanced their management liability suite of products. These changes are an expansion of Markel’s capabilities following the October 2010 release of their private company Management Liability...
Gov. Fallin Requests Storm Assistance for Oklahoma; Uninsured Losses at $10M
May 2 2011 // Gov. Mary Fallin is requesting federal assistance for storm-battered Atoka County in southeast Oklahoma where initial damage estimates show more than $10 million in uninsured losses. Fallin has submitted the request to the...
United Fire Sees Hike in New Business but Drop in Revenues in Q1 2011
May 2 2011 // United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, has reported a slight drop in net premiums earned and total revenues for the first quarter of 2011 compared with that of the same quarter in...
Mercury General Reports Modest Increase in Net Premiums
May 2 2011 // Los Angeles-based Mercury General Corp. has reported net income in the first quarter 2011 was $58.2 million, compared with net income of $61.2 million for the same period in 2010. Included in net income are net realized...
First Quarter Earnings Reports: AXIS Capital, Aspen Re
May 2 2011 //
Stop Letting Markets Dictate Agency Profits
May 2 2011 // The term marketplace denotes the terms under which your suppliers are willing to provide their product, for your distribution to others. It is simply the cost of the commodity. What you do with it from there is up to you....
Business Losses Due to ‘Action’ by Civil Authorities: When Is There Coverage?
May 2 2011 // Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what...
Best Affirms AEGON USA Group’s Ratings
Apr 28 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the life/health subsidiaries of Netherlands-based AEGON N.V.’s...
First Quarter Earnings Reports: Montpelier Re, Everest Re
Apr 28 2011 //
Marsh Agrees: Soft Pricing Persisted Despite Catastrophe Losses in Q1
Apr 27 2011 // Catastrophe losses approached record levels in the first quarter but despite this commercial property/casualty insurance rate increases were confined to loss-affected exposures. In regions and for classes of business not...
Supreme Court Hears Securities Fraud Loss Causation Arguments
Apr 27 2011 // The U.S. Supreme Court considered Monday whether to make it more difficult for shareholders to proceed with certain class-action securities-fraud lawsuits against publicly traded companies. The hour-long arguments before...
First Quarter Earnings Reports: Arch Capital, RenaissanceRe
Apr 27 2011 //
Mercury Insurance to Announce Q1 Earnings on May 2
Apr 25 2011 // Los Angeles-based Mercury General Corp. will be hosting a Webcast at 1 p.m. EST on May 2, 2011, to announce its first quarter financial results. To listen to the report, visit www.mercuryinsurance.com. A recording of the...
