Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Cincinnati Financial Q3 2010 Income Drops Compared to 2009
Oct 29 2010 // Cincinnati Financial Corp. reported $156 million, or 95 cents per share, of net income for the third quarter of 2010 compared with a net income of $171 million, or $1.05 per share, in the third quarter of 2009. The...
IAG Reaffirms Fiscal Year 2011 Earnings Guidance
Oct 28 2010 // Insurance Australia Group Limited (IAG) Managing Director and CEO, Mike Wilkins has advised the Group’s shareholders that, after the completion of the first quarter of its fiscal year, IAG was on track to meet its...
Aspen Q3 Net Down 36% at $92.8 Million; Conference Call Today
Oct 28 2010 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the third quarter of 2010 of $92.8 million and operating earnings of $0.79 per diluted ordinary share, compared to Q3 2009 net income after...
RenaissanceRe Q3 Net Income $204.8 Million; Operating $90.9 Million
Oct 28 2010 // Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common...
Arch Capital Posts $141.6 Q3 Net Income; Operating $130.7 Million
Oct 27 2010 // The Bermuda-based Arch Capital Group Ltd. reported its results for the third quarter of 2010 on Tuesday. Net income available to common shareholders for the period was $141.6 million, or $2.77 per share, compared to $274.4...
Analysts Watching How Insurers Handle Low Interest Rates, Pricing
Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...
Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions
Oct 25 2010 // Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring...
Mercury General to Report Q3 Results on Nov. 1
Oct 25 2010 // Los Angeles-based Mercury General Corp. announced that on Monday, Nov. 1, 2010, the company will release results for its third quarter ended Sept. 30, 2010. The company will host an investor conference call and Web cast...
Chubb Weathers Catastrophe Losses, Reports Q3 Profit
Oct 22 2010 // The Chubb Corp. reported that net income in the third quarter of 2010 was $572 million, compared to $596 million in the third quarter of 2009 Operating income was $537 million in the third quarter of 2010 compared to $552...
Kansas DOI Estimates $220M in Storm Losses as of Aug. 31
Oct 22 2010 // Estimated 2010 storm losses in Kansas climbed to $220 million as of the end of August, according to the Kansas Department of Insurance. There were approximately 59,400 storm claims filed during that period. The highest...
Industry Worries As Regulators Decide on Critical Loss Ratio
Oct 21 2010 // A seven-month-long process for determining how much U.S. health insurers must spend on medical care comes to a head Thursday, amid fresh concerns that the rules will lead companies to desert some small-group and other...
Travelers Reports Increase in Net Income, Drop in Operating Income for Q3
Oct 21 2010 // The Travelers Companies Inc. has reported net income of $1.005 billion, or $2.11 per diluted share, for the quarter ended Sept. 30, 2010, compared to $935 million, or $1.65 per diluted share, for the same quarter in...
AIR Estimates Philippines Typhoon Insured Losses under $150 Million
Oct 19 2010 // Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in the Philippines from Super Typhoon Megi will likely be less than 6.5 billion Philippine pesos ($150 million. AIR said its...
Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market
Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement...
Colorado Raising Workers’ Comp Insurance Loss Costs 3.4%
Oct 18 2010 // Most Colorado employers will be looking at an average 3.4 percent increase in workers’ compensation insurance loss costs, increasing the overall premiums they pay for workers compensation insurance in 2011, the state...
The Power of More
Oct 18 2010 // Why the Time is Right for Agency Networks 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...
Loss of Insurance Job Cited in California School Shooting Case
Oct 15 2010 // The man suspected of opening fire at a Carlsbad elementary school, wounding two girls, had a minor brush with the law in 2002 in Illinois when he pleaded guilty to misdemeanor telephone harassment, the San Diego...
Mercury General to Report Q3 Results on November 1
Oct 7 2010 // Los Angeles-based Mercury General Corp. has reported that on Monday, Nov. 1, 2010, it will release results for its third quarter ended Sept. 30, 2010. The company will host an investor conference call and Webcast that same...
Florida Medical Malpractice Insurance Market Found in Good Health
Oct 6 2010 // Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news...
