Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
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...
