Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
PartnerRe Reports Q2, 1H Results
Jul 28 2009 // Bermuda-based PartnerRe Ltd. reported net income of $474.3 million, or $8.10 per share on a fully diluted basis for the second quarter of 2009. The bulletin said the figure “includes net after-tax realized and...
IPC Sale to Validus Includes ‘Storm-proof’ Agreement
Jul 27 2009 // IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings The $1.65 billion...
Arch Capital Reports Q2 Results
Jul 24 2009 // The Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2009 second quarter at $152.1 million, or $2.43 per share, compared to $192.3 million, or $2.92 per share, for the 2008...
Employers Holdings To Announce Q2 Earnings on August 7
Jul 24 2009 // Reno, Nev.-based Employers Holdings Inc., a company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s second quarter and...
Chubb Net Income Rises 18% in Q2
Jul 24 2009 // U.S. property/casualty insurer Chubb Corp posted a higher quarterly profit on Thursday, beating Wall Street expectations, as investment gains and lower underwriting losses offset declining policy sales. Second-quarter net...
Insurance Association Develops Green Building Risk Options
Jul 23 2009 // The Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed new, standardized builders’ risk insurance policy forms that provide coverage for loss exposures related to the...
Platinum Reports Q2 Financial Results
Jul 23 2009 // Despite a slight drop in total revenues, Bermuda-based Platinum Underwriters Holdings reported net income for the second quarter of 2009 of $98.1 million, compared to $99.755 million in Q2 2008. On a diluted earnings per...
Wells Fargo Insurance Operations Bring in $595 Million in Income
Jul 22 2009 // Wells Fargo’s insurance operations recorded $595 million in noninterest income for the quarter ended June 30, 2009, compared to $550 million in noninterest income for the same period in 2008. For the six months ended...
2008 Losses Lead to Record Insurance Payments to Midwest Farmers
Jul 22 2009 // The National Crop Insurance Services trade group says a record $8.6 billion in crop insurance indemnity payments has been made to U.S. farmers for crop losses in 2008, and a lot of that money went to farmers in the...
Brown & Brown Profit Up a Notch in Q2
Jul 21 2009 // Florida-based insurance broker Brown & Brown, Inc. managed to increase its earnings slightly in the second quarter despite the financial downturn. Net income for the second quarter of 2009 was $40,668,000 compared to...
Premier Sponsors Professional Liability Insurance for Not-for-Profit Hospitals
Jul 20 2009 // Premier Insurance Management Services Inc. (PIMS) out of Charlotte, North Carolina, is offering a new professional medical liability insurance program to not-for-profit hospital members of the Premier healthcare...
Property/Casualty Industry’s Earnings Down 87% in Q1
Jul 20 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009, according to A.M. Best. “The year-over-year decline in earnings was due primarily to the...
Baby Boomers, Gen Xers, Millennials at Greater Risk of Hearing Loss
Jul 20 2009 // Rock concerts, iPods and cell phones may be contributing to a future generation of individuals suffering from hearing loss. “We could very well see hearing loss problems continue to increase into future...
Louisiana Issues Final Data Call for Ike and Gustav Losses
Jul 17 2009 // The Louisiana Department of Insurance has issued a bulletin to all authorized and surplus lines property casualty insurance companies writing business in Louisiana reminding insurers that final submission of loss data from...
Mercury General Corp. to Report Second Quarter Results on August 3
Jul 15 2009 // Los Angeles-based Mercury General Corp. on Aug. 3, 2009, will release results for its second quarter ended June 30, 2009. The company will host an investor conference call and Webcast that same day at 10 a.m. Pacific Time...
Double Your Agency Revenue: Fact or Fiction?
Jul 15 2009 // San Francisco, California – July 15th, 2009 – Astonish Results, an aggressive insurance marketing company, is making some very bold claims in their advertisements. But are they really backing it up with...
A.M. Best: P/C Industry’s Earnings Down 87% in Q1
Jul 9 2009 // The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009 according to A.M. Best. “The year-over-year decline in earnings was due primarily to the severe...
Jackson Concert Cancellations: Many Unknowns, Much Speculation
Jul 6 2009 // Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts, stretching over 8 months, continues to be headline news. It’s also news of another sort in the...
P/C Industry Posts $1.3B Loss in Q1; Combined Ratio Up to 102.2
Jul 6 2009 // The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes...
Real Estate Malpractice Insurance Operating at a Loss in Missouri
Jul 1 2009 // The real estate malpractice insurance line of business has operated at a loss over the last decade, according to a report recently released by the Missouri Department of Insurance, Financial Institutions and Professional...
