Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Forecast: Still Soft
Nov 1 2009 // Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago...
A Soft Landing
Nov 1 2009 // This soft market is likely to linger into the New Year. Analysts Forecast Healthy Q3 Reports from Insurers” promised the headline on Insurance Journal‘s Web site, www.insurancejournal.com, on Oct.22. Reuters...
Study: Workers’ Compensation Public Options Outperform Private Industry
Nov 1 2009 // State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of...
Forecast: Still Soft
Nov 1 2009 // Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago...
Endurance Reports $153.8 Million Q3 Net Income; Conference Call Today
Oct 30 2009 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $153.8 million and $2.51 per diluted common share for the third quarter of 2009, compared to a net loss of $99.4 million and $1.79 per diluted common...
Fairfax Q3 Profits up 20%
Oct 30 2009 // Toronto-based Fairfax Financial Holdings Ltd; said its quarterly profit jumped 20 percent, due primarily to improved underwriting profit. Fairfax said its profit was $562.4 million in the third quarter, or $30.88 per...
Aon’s Q3 Net up Slightly at $120 Million; Other Results Mixed
Oct 30 2009 // Aon Corp. reported results for the third quarter ended September 30, 2009, which show net income attributable to Aon stockholders was up slightly at $120 million or $0.41 per share, compared to $117 million or $0.40 per...
XL Cuts Q3 Net Income Loss to $11.4 Million; $246 Million 9-Month Profit
Oct 29 2009 // XL Capital has profited from the old adage that “less is more,” as the Bermuda-based insurer rebounded from a disastrous year in 2008. Although it posted an $11.4 million loss for the third quarter of 2009,...
RenRe Posts $258.6 Million Q3 Net Income; Operating $242.2 Million
Oct 29 2009 // Bermuda-based RenaissanceRe Holdings Ltd., a leading nat cat property reinsurer, joined the comeback kids of 2009 with a robust performance in the third quarter. The Company reported net income available to common...
Aspen Q3 Net Income of $144.7 Million; Net ROE 22%; Conf. Call Today
Oct 29 2009 // Aspen Insurance Holdings reported greatly improved third quarter 2009 results, compared to 2008. The Bermuda-based specialty insurer recorded third quarter net income after tax of $144.7 million, compared with a net loss...
Everest Re Q3 Net Income $228.6 Million; Conference Call Today
Oct 29 2009 // The Bermuda-based Everest Re Group, Ltd. reported third quarter 2009 net income of $228.6 million, or $3.75 per diluted common share, compared to a net loss of $233.1 million, or $3.79 per common share, for the third...
Insurer Harleysville Posts 488% Q3 Profit Gains to $24.7 Million
Oct 29 2009 // Pennsylvania-based insurer Harleysville Group Inc. saw its third-quarter profits climb to $24.7 million, up 488 percent from $4.2 million in the year-ago period. Revenue at the insurer rose to $244.3 million, up 5 percent...
ACE Limited Posts $494 Million Q3 Net; Conference Call Today
Oct 28 2009 // The Swiss mountain air seems to agree with ACE Limited, as it reported net income for the third quarter of $494 million, or $1.46 per share, compared with $0.16 per share for the same quarter last year, an increase of 813...
Liberty Mutual Posts $265 Million Q3 Net Income; $1 Billion for 9 Months
Oct 28 2009 // Liberty Mutual Group’s results for the third quarter of 2009 are in sharp contrast to the same period of 2008. The group reported net income for the period of $265 million for the period. Its pre-tax operating income...
W.R. Berkley Reports Q3 Profit; CEO Sees Turn in Cycle ‘Inevitable’
Oct 28 2009 // Insurance holding company W. R. Berkley Corp. reported net income for the third quarter of 2009 of $98 million, compared to a net loss of $28 million for the third quarter of 2008. Operating income for the third quarter of...
Willis Reports Q3 Results; Fees, Commissions up 28%; Conf. Call Today
Oct 27 2009 // Willis Group Holdings Limited has reported strong results for the third quarter of 2009 and the first nine months ended September 30, 2009. Highlights of the quarter ended September 30 included the following: —...
Arch Capital Reports Substantial Rise in Q3, 9-Month Net Income
Oct 27 2009 // The Bermuda-based Arch Capital Group reported that net income available to common shareholders for the 2009 third quarter was $274.4 million, or $4.39 per share, compared to $26.4 million, or $0.42 per share, for the 2008...
PartnerRe Rebounds; Posts $566.7 Million Q3 Net; $1.2 Billion 9 Months
Oct 27 2009 // Bermuda-based PartnerRe Ltd. reported net income of $566.7 million, or $9.44 per share on a fully diluted basis for the third quarter of 2009. The bulletin said the figure “includes after-tax net realized and...
Best Affirms Allianz Global Corporate and Specialty ‘A+’ Ratings
Oct 27 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Germany’s Allianz Global Corporate & Specialty AG (AGCS...
