Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Zurich BOP off 13% for 2010 at $4.9 Bn; Net Income $3.4 Bn
Feb 10 2011 // Zurich Financial Services Group reported a business operating profit (BOP) of $4.9 billion, a 13 percent decline, and net income of $3.4 billion for the year ended Dec. 31, 2010. The company said the results reflected...
XL Group Posts $188 Million Q4 Net Income; FY $585.5 Million
Feb 9 2011 // The XL Group announced significant income gains for both the fourth quarter of 2010 and for the full year. Net income attributable to ordinary shareholders in Q4 was $188.1 million, or $0.57 per ordinary share, compared to...
AXIS Capital Posts $264 Million Q4 Net Income; FY $820 Million
Feb 9 2011 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2010 of $264 million, or $1.99 per diluted common share, compared with net income of $282 million,...
RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases
Feb 9 2011 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $122.6 million or $2.23 per diluted common share in the fourth quarter of 2010, compared to $211.8 million or $3.38 per...
Weather Related Loss Estimates in Texas Reaching to $100M
Feb 8 2011 // Preliminary estimates of insured losses from recent winter storms in Texas range between $51 million and $100 million statewide according to two insurance industry trade groups. Southwestern Insurance Information Service...
Firms Can Avoid Shareholder Lawsuits with Kid Behavior
Feb 8 2011 // When companies are looking at bad earnings news, a new study from the University of Iowa suggests it’s best for executives to remember what they learned as kids. “If a child does something wrong and tells his...
PartnerRe Hit by Cat Losses, Reports Decreases in Q4, FY Net Income
Feb 8 2011 // Bermuda-based PartnerRe Ltd. reported net income of $57.0 million, or $0.65 per share on a fully diluted basis for the fourth quarter of 2010, which includes net after-tax realized and unrealized losses on investments of...
Beazley FY Profits Top $250 Million
Feb 8 2011 // Beazley plc reported a 59 percent increase in its full year 2010 profits at $250.8 million, compared to $158.1 million in 2009. Additional highlights, as detailed from Beazley’s Dublin headquarters, included the...
Mercury Insurance Suffers $23.6M Net Loss
Feb 8 2011 // Due in part to claims from California rainstorms and Florida sinkholes, Los Angeles-based Mercury Insurance reported a fourth quarter net loss of $23.6 million, compared with net income of $34.2 million for the same period...
Climate Change Link to Insurance Losses Decades Away
Feb 7 2011 // Tropical cyclones are expected to cause more damage in the United States and Asia but it could be more than a century before insurers can point to climate change as a factor in losses from storms, scientists say. In a...
Chinese Drywall: Cracks in Coverage Claims?
Feb 7 2011 // Although not in the national news as much lately, Chinese drywall continues to disrupt the lives and finances of thousands of homeowners and other users of the product. In the courts, homeowners are fighting to obtain...
Climate Change Link to Insurance Losses Decades Away
Feb 7 2011 // Tropical cyclones are expected to cause more damage in the United States and Asia but it could be more than a century before insurers can point to climate change as a factor in losses from storms, scientists say. In a...
Insured Losses from Recent U.S. Storm Could Top $1 Billion
Feb 6 2011 // Insurers stand to pay between $790 million and $1.4 billion for insured losses to residential, commercial and industrial properties and to automobiles stemming from the winter storm that struck the U.S. on Feb. 1 and Feb....
Insurance Industry Can Help Pizzerias Avoid Losses on Super Bowl Sunday
Feb 4 2011 // Americans will consumer 30 million slices of pizza on Sunday, making Super Bowl Sunday one of the busiest day of the year for pizza chains. Papa Johns, the official pizza sponsor for Super Bowl XL, expects to have its...
Aon Revenue Up 40% in Q4 on Hewitt Merger
Feb 4 2011 // Growth-oriented insurance broker Aon Corp. saw revenues shoot up 40 percent to $2.9 billion in the fourth quarter, largely driven by its acquisition of Hewitt Associates. For the quarter, Aon saw a 41 percent increase in...
AIR Estimates Yasi Insured Losses between $356 Million and $1.5 Billion
Feb 4 2011 // Catastrophe modeling firm AIR Worldwide has issued early estimates indicating that insured losses to properties and business income from the Category 5 (Australia Bureau of Meteorology intensity scale) cyclone Yasi that...
ACE Reports Q4 Net Income of $1 Billion; $3.1 Billion Full Year
Feb 4 2011 // ACE Limited reported net income for the quarter ended December 31, 2010, of $2.92 per share, compared with $2.81 per share for the same quarter last year, totaling over $1 billion. Income excluding net realized gains...
The Hartford Sees 4Q Profits Grow
Feb 3 2011 // The Hartford reported a larger fourth-quarter profit, as improving results in its wealth management unit offset a variety of cost pressures in its property and casualty insurance business. The Hartford also doubled its...
Munich Re Estimates 2010 Profits at $3.35 Billion
Feb 3 2011 // Munich Re announced that its preliminary estimate of its consolidated results for 2010, “despite substantial losses,” is €2.43 billion [$3.35 billion], compared to €2.56 billion [$3.528 billion] in 2009....
