Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Selective Insurance Group Reports Profits
Feb 4 2010 // New Jersey-based insurer Selective Insurance Group Inc, posted a fourth-quarter profit of $20.6 million, up from a $14.4 million loss in the year-ago quarter. For the year, earnings were $36.4 million, down from $43.8...
The Hanover Sees Earnings Jump
Feb 4 2010 // Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter. For the year, net income was $197.2 million, up from...
Report: Economic Benefits of Levees Outweigh Flooding Costs
Feb 4 2010 // Despite the massive flooding resulting from levee breaches and storm surge during Hurricane Katrina in 2005, the economic benefits provided by flood control measures in Southeast Louisiana far outweigh the costs of...
ACE Posts $2.549 Billion 2009 Net Income; Conference Call Today
Feb 3 2010 // ACE Limited reported net income for the quarter ended December 31, 2009, of $953 million, or $2.81 per share, compared with $0.06 per share for the same quarter last year. For the full year ACE reported net income of...
Munich Re to Post $3.57 Billion 2009 Profit; 95.3% Combined Ratio
Feb 2 2010 // Munich Re announced that according to its “preliminary calculations” consolidated profits increased “significantly” in 2009 to €2.56 billion [$3.57 billion, compared to €1.58 billion [$2.2...
Farm, Insurance Loss Estimates from Florida Freeze Still Weeks Away
Feb 2 2010 // It will still be weeks, into March and April, before the full extent of crop damage and insurance payments from Florida’s recent extended freeze will be known. While Florida’s citrus industry has been hard hit,...
ABI Estimates November UK Flood Losses Exceed $322 Million
Jan 26 2010 // A report from the Association of British Insurers estimates that the floods in Cumbria in the northwestern part of England and parts of Southern Scotland in November have exceeded £200 million ($322 million) [See IJ...
Travelers Sees Record Profits
Jan 26 2010 // The Travelers Cos. saw its fourth-quarter profits climb 60 percent, driven largely by investment gains. The insurer posted record net income for the quarter of $1.285 billion and full year net income of $3.622 billion. It...
Counties with Levees Are Some of the Nation’s Most Economically Sound, Report Says
Jan 25 2010 // Hundreds of levees around the United States protect vulnerable areas and tens of millions of people from potentially devastating floods. Yet hardly anyone gives them a second thought until one is breached. The most glaring...
Report: Counties with Levees Are Among the Nation’s Most Economically Sound
Jan 24 2010 // Flooding Costs Are Outweighed by Regional Economic Benefits There are hundreds of levees around the United States that protect vulnerable areas and tens of millions of people from potentially devastating floods each year....
Report: Counties with Levees Are Among the Nation’s Most Economically Sound
Jan 24 2010 // Flooding Costs Are Outweighed by Regional Economic Benefits Hundreds of levees around the United States protect vulnerable areas and tens of millions of people from potentially devastating floods each year. Yet hardly...
How Rising Capital Gain Tax Rates Might Impact Tomorrow’s M&A Market
Jan 24 2010 // Agencies Contemplating Selling Soon Should Understand Their Opportunity Costs First Capital gain tax rates will increase when the current legislation sunsets at the end of 2010. The best case scenario is the current 15...
How Small Group Partnerships Help Agencies to Grow Employee Benefits Revenue
Jan 24 2010 // Gibson Insurance Group, Bolton & Co. Tell Their Tales of Growth In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee...
AXA Asia Pacific Profit Upgrade Stirs Talk of Higher Bid
Jan 21 2010 // Life insurer and fund manager AXA Asia-Pacific Holdings Ltd expects to report a forecast-beating profit for 2009, putting pressure on rival bidders to raise their offers in a $12 billion battle for the company. AXA...
S&P:No Downgrades for Financials, Insurers from Japan Airlines Bankruptcy
Jan 21 2010 // Standard & Poor’s Ratings Services stated that its ratings on Japan’s financial institutions and insurance companies “would be unaffected by the debt forgiveness requested by Japan Airlines Corp....
Navigators Replacing CNA on Schinnerer Non-Profit D&O Program
Jan 14 2010 // CNA and Victor O. Schinnerer & Co., Inc. are ending their carrier and managing general underwriter relationship in the non-profit directors and officers (D&O) program. The split, which the firms said is amicable,...
Mercury General to Report Financial Results on Feb.8
Jan 13 2010 // Los Angeles-based Mercury General Corp. will will release results for its fourth quarter and 12 month period ended Dec. 31, 2009, on Monday, Feb. 8, 2010. The company will host an investor conference call and Webcast that...
Audits Hit Insurance Providers for Kentucky Cities, Counties
Jan 10 2010 // A state audit of a Kentucky municipal association – the second in as many months – has found problems with compensation, spending, conflicts of interest and procurement matters including in the operation of the...
Trends for 2010
Jan 10 2010 // Soft Market, Economy, Taxes and the Producer Dilemma on the Frontlines for Agents To be proactive, one needs to understand and exploit current and future trends. Most trends can be predicated by understanding recurring...
Uneven Expectations
Jan 10 2010 // Economy to Recover in Some States Before Others The most recent reports of property/casualty insurers indicate a return to profits, thanks in large measure to a quiet hurricane season. But behind the rosy reports is a...
