Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Program Business Stable But Less Profitable: Guy Carpenter Survey
Nov 12 2010 // The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators and managing general...
Catlin’s Interim Statement Highlights Premium Gains
Nov 12 2010 // The Bermuda-based Catlin Group Limited’s interim management statement highlighted some significant premium increases in certain lines. The bulletin said: “Group-wide net premiums earned increased by 13 percent...
Ebix Reports Q3 Revenue Up 43%
Nov 9 2010 // Atlanta-based Ebix, Inc., which sells software and e-commerce services to the insurance industry, today reported record financial results for the third quarter of 2010. Total third quarter revenue grew to a record $33.3...
Marsh Q3 Revenue Up 9%
Nov 9 2010 // Insurance broker Marsh’s revenue in the third quarter of 2010 rose 9 percent to $1.1 billion. Marsh’s revenue growth in the United States / Canada was 3 percent in the quarter; international operations rose 2...
AIG Reports Big Loss on Charges; Insurance Results Remain Stable
Nov 5 2010 // American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring...
Why Now Is a Good Time for Agency Network Growth
Nov 5 2010 // They go by many names — networks, alliances, franchises, clusters and aggregators — but all have similar goals. Aggregator groups have been around the insurance industry for more than three decades but in the past few...
PartnerRe Reports $525 Million Q3 Net Income; $282 Million Operating
Nov 4 2010 // Bermuda-based PartnerRe Ltd. reported net income of $524.9 million, or $6.76 per share on a fully diluted basis for the third quarter of 2010. The bulletin said the figure “includes net after-tax realized and...
Swiss Re Q3 Net Income Doubles at $618 Million; Berkshire Loan Terminated
Nov 4 2010 // Swiss Re reported third-quarter net income of $618 million, compared to $314 million in the prior-year period. The reinsurer also announced that the” convertible perpetual capital instrument issued to Berkshire...
XL Posts $77.5 Million Q3 Net Income; $175 Million Operating
Nov 4 2010 // Bermuda-based XL Group plc reported net income attributable to ordinary shareholders of $77.543 million for the third quarter of 2010, or $0.23 per ordinary share, compared to a net loss of $11.4 million, or a loss of...
Argo Group Q3 Net Income $23 Million; $25.7 Million Operating
Nov 4 2010 // The Bermuda-based Argo Group International Holdings, Ltd. reported earnings figures for the third quarter of 2010 which show net income of $23 million or $0.77 per diluted share, compared to $27.6 million or $0.89 per...
Zurich Posts $1.2 Billion Q3 Operating Profit; $751 Million Net Income
Nov 4 2010 // Zurich Financial Services Group reported a business operating profit of $1.2 billion and net income of $751 million for the third quarter. “Global Life and Farmers supported the Group’s profitability by...
Alterra Capital Posts $82.8 Mn. Q3 Net Income; $222.7 Mn 9 Months
Nov 3 2010 // Bermuda-based Alterra Capital Holdings Limited reported net income of $82.8 million, or $0.70 per diluted share, for the third quarter of 2010, compared to net income of $95.3 million, or $1.64 per diluted share, for the...
Montpelier Re Reports $90 Million Q3 Net Income; Operating $61 Million
Nov 3 2010 // Bermuda-based Montpelier Re Holdings Ltd. reported operating income of $0.86 per share, $60.7 million total, and comprehensive income of $1.28 per share, $90.8 million total, slightly higher than the net income figure due...
The Hartford Boosts Profits in Q3
Nov 3 2010 // The Hartford Financial Services Group, Inc. reported third quarter 2010 net income of $666 million. This compares to the company’s third quarter 2009 net loss of $220 million. The Hartford reported core earnings for...
Canadian Insurers’ Earnings Results Seen Stronger, but ‘Messy’
Nov 2 2010 // Low interest rates and write downs are expected to lead to another messy quarter for Canada’s insurers, but recent stock market strength means the profit picture should be brighter than last quarter’s weak...
Treasury Says Taxpayers to Profit from AIG Bailout
Nov 2 2010 // Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s...
State Auto Reports Drop in Income, Higher Combined Ratio in Q3
Nov 2 2010 // State Auto Financial Corp., headquartered in Columbus, Ohio, reported third quarter 2010 net income of $0.2 million, or $0.00 per diluted share, versus net income of $13.0 million, or $0.33 per diluted share, for the third...
Nov 1 2010 // Colorado Raising Workers’ Comp Insurance Loss Costs 3.4% Most Colorado employers will be looking at an average 3.4 percent increase in workers’ compensation insurance loss costs, increasing the overall premiums...
Strength and Power
Nov 1 2010 // San Francisco’s ISU Group Brings Together Creative Minds to Adapt, Survive and Succeed in Today’s Market In this age of Great Global Recession, collapsing corporations and profligate governments alike have...
