Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Northeast Insurers Say Winter Storms Hurt Q1 Profits
Apr 22 2011 // Pennsylvania-based insurer Harleysville said severe winter storms over the last few months will hurt its first quarter profits. “We experienced unusually severe winter weather throughout much of the Mid-Atlantic and...
Aon Benfield Says Q1 Cat Losses Expected to Raise Facultative Rates
Apr 22 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its “Fac Quarterly report,” which provides an analysis of trends witnessed in the...
Employers Holdings Q1 Earnings to Be Announced May 5
Apr 21 2011 // Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, announced it will review the company’s first quarter 2011...
Travelers Profits Up
Apr 21 2011 // Improved pricing and a drop in catastrophe losses boosted Travelers profits 30 percent in the first quarter, as it beat Wall Street’s expectations and offered some evidence of a turn in the soft market. Net profit...
Aon Benfield Estimates Reinsurers’ Capital at $470 Billion
Apr 21 2011 // The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the year end 2010 financial position of the world’s leading reinsurers and examines how 2011 catastrophe losses may affect their capital...
How P/C Insurance Industry Fared Financially in 2010
Apr 20 2011 // U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus increasing to 6.5...
Catlin Estimates Japanese Earthquake/Tsunami Losses at $200 Million
Apr 20 2011 // The Bermuda-based Catlin Group Limited announced that its initial estimate of the financial impact of the March 11 earthquake and tsunami that devastated areas of northeast Japan, are expected to be around $200 million,...
Storm Losses Largest in North Carolina and Virginia
Apr 19 2011 // The massive, weekend storm system that killed dozens of people, and destroyed buildings, livestock and other property as it swept east across the country, produced the most significant insured losses in North Carolina and...
Summary of Re/Insurers’ Loss Estimates from Japan’s Earthquake, Tsunami
Apr 19 2011 // Some of the world’s leading insurers and reinsurers have issued initial estimates of how much the earthquake that hit Japan on March 11 will cost them and more are expected do so over the next few weeks. Risk...
