Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Flagstone Re Estimates $60-$80 Mn in Queensland Losses; NZ Quake in Process
Mar 1 2011 // Flagstone Reinsurance Holdings announced that its preliminary estimate from loss events that have occurred in Australia in the first quarter of 2011 is expected to be between $60 to $80 million, net of reinstatement...
Hiscox Posts Good Earnings, Despite a ‘Difficult Year’
Feb 28 2011 //
Chartis 4Q Loss Tied to Reserve Strengthening
Feb 25 2011 // American International Group Inc. reported net income of $11.2 billion for the quarter ended Dec. 31, 2010, and $7.8 billion for the full year 2010. Included in the 2010 fourth quarter results is a previously announced...
RBS Recovery Undermined by Irish Losses
Feb 24 2011 // Royal Bank of Scotland’s high bad debt charges in Ireland and a drop in investment banking income overshadowed the bank’s return to profit in the final months of 2010. Stephen Hester, chief executive of the...
Employers Holdings Reports Q4 Income of $20M
Feb 24 2011 // Reno, Nev.-based Employers Holdings Inc. has reported fourth quarter net income of $20.1 million compared with $11.3 million in the fourth quarter of 2009, an increase of $8.9 million in net income. The company said net...
Main Street America Group Reports Strong 2010 Results, Eyes Expansion
Feb 23 2011 // Jacksonville, Fla.-based The Main Street America Group reported that its 2010 financial results included 99.2 combined ratio, 9.1 percent net premium growth, a 16.8 percent return on equity and surplus growth of $78...
Medical Losses, Top Line Growth Top Challenges for Workers’ Comp
Feb 21 2011 // The workers’ compensation industry in the years ahead will exist much as it has for decades in many respects. Policyholders will purchase coverage from either an agent or a company, with a portion of the market...
Argo Group Q4 Net Income Drops to $12.8 Million, FY to $82.6 Million
Feb 18 2011 // The Bermuda-based Argo Group International Holdings, Ltd. posted lower net income figures for the fourth quarter of 2010 and for the full year. Highlights for the three months ended Dec. 31, 2010 were listed as...
Fairfax Financial Posts Q4 Loss on Investments
Feb 18 2011 // Toronto-based Fairfax Financial Holdings said Thursday it fell to a fourth-quarter loss as its stock and bond portfolios were hurt by rising interest rates and a decision to hedge investments. The Toronto-based property...
State Auto Sees Improvements in Q4 2010
Feb 18 2011 // State Auto Financial Corp., headquartered in Columbus, Ohio, reported fourth quarter 2010 net income of $37.6 million, or $0.94 per diluted share, versus $14.4 million, or $0.36 per diluted share, for the fourth quarter of...
Best Report Highlights 50% Jump in Asbestos, Environmental Losses
Feb 17 2011 // A soon to be issued report from A.M. Best details an increase in U.S. property/casualty insurers’ asbestos and environmental (A&E) incurred losses. The industry faced a 50 percent rise in 2009, following a 47...
Swiss Re 2010 Net Income up on Buffet Loan Repayment, but Miss Forecasts
Feb 17 2011 // Swiss Re struck a note of confidence on its pricing power and hiked its dividend, saying capital had recovered since it turned to U.S. billionaire Warren Buffett for help in the financial crisis. The world’s...
Allstate Sues JPMorgan Over Mortgage Securities Losses
Feb 17 2011 // Allstate Corp. sued JPMorgan Chase & Co. on Wednesday to recover losses after the bank allegedly misrepresented the risks on more than $757 million of mortgage securities the insurer bought. The lawsuit against the...
Study Finds Auto Insurance and Services Add Profits for Car Makers, Dealers
Feb 16 2011 // Sales by car manufacturers and dealers of additional services to car buyers may mean the difference between profit and loss. A new study from the financial market research group Finaccord concluded that sales of...
Arch Capital Posts $227.7 Q4 Net Income; $816.7 Million Full Year
Feb 15 2011 // Bermuda-based Arch Capital Group reported net income available to common shareholders for the 2010 fourth quarter of $227.7 million, or $4.54 per share, compared to $284.7 million, or $4.75 per share, for the 2009 fourth...
United Fire Sees Higher Net Income but Premium Decrease in 2010
Feb 15 2011 // United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported an increase in net income for the fourth quarter and full year 2010, but net premiums earned decreased by 1.9 percent for the year and by 0.7...
Marsh Reports Robust Revenue Growth
Feb 15 2011 // Marsh & McLennan Companies Inc. today reported strong revenue growth and net income for the fourth quarter and full year 2010 year. Consolidated revenue for the company in the fourth quarter of 2010 was $2.8 billion,...
Validus Group Posts $102.7 Million Q4 Net Income; $402.6 Million FY
Feb 14 2011 // As has been the case with many of its peers, Bermuda-based Validus Holdings didn’t escape the loss events of 2010 unscathed, as both fourth quarter and full year earnings results were battered. Validus reported net...
Endurance Reports $111.2 Million Q4 Net Income; $364.7 Full Year
Feb 14 2011 // Bermuda-based Endurance Specialty Holdings reported net income of $111.2 million and $2.09 per diluted common share for the fourth quarter of 2010, compared to net income of $154.8 million and $2.56 per diluted common...
Alterra Capital Reports $79.7 Q4 Net Income; FY $302.3 Million
Feb 14 2011 // Bermuda-based Alterra Capital Holdings reported net income of $79.7 million, or $0.69 per diluted share, for the fourth quarter of 2010, compared to net income of $62.6 million, or $1.08 per diluted share, for the same...