Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Montpelier Re Posts $42.2 Million Q4 Net Income; FY $212 Million
Feb 14 2011 // Bermuda-based Montpelier Re joined a number of its compatriots in posting sharp declines in both fourth quarter 2010 net income and for the full year. The Group’s Q4 net income was $42.2 million, compared to $$104.7...
Everest Re Posts $257.8 Mn Q4 Operating Net Income; FY $518 Mn
Feb 11 2011 // The Bermuda-based Everest Re Group reported fourth quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $257.8 million, or $4.70 per diluted common share, compared to after-tax...
Allstate Profit Falls as Auto, Catastrophe Claims Rise
Feb 10 2011 // Allstate Insurance net income fell 43 percent in the fourth quarter as rising claims from auto insurance customers and catastrophes took their toll. Allstate’s fourth quarter 2010 net profit was $296 million compared...
Banks Boost Income from Insurance Brokerage
Feb 10 2011 // Banks earned less in insurance brokerage fees in the third quarter of 2010 than the previous year’s third quarter. However, overall for the first three quarters of 2010, they tallied a record $9.73 billion in...
Employers Holdings To Report Q4 Earnings Feb. 24
Feb 10 2011 // Reno, Nev.-based Employers Holdings Inc. (NYSE: EIG), whose subsidiaries are specialty providers of workers’ compensation insurance focused on small- and medium-sized businesses, will review the company’s...
Willis Reports $89 Million Q4 Net Income; FY $455 Million
Feb 10 2011 // Willis Group Holdings reported increases in both fourth quarter and full year net income. For the quarter ended December 31, 2010 net income was $98 million, or $0.57 per diluted share, compared with $79 million, or $0.47...
Catlin Group 2010 Profits Fall to $406 Million on Cat Losses
Feb 10 2011 // The Bermuda-based (London headquartered) Catlin Group Limited reported net profits before tax in 2010 of $406 million, compared to $603 million in 2009, primarily due to a significant increase in catastrophe losses last...
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...
