Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Travelers’ Earnings Fall; Premiums Up Slightly; Combined Ratio at 90.6%
May 1 2009 // The Travelers Companies, Inc. net income for the first quarter of 2009 fell more than 30 percent to $662 million, for the quarter ended March 31, 2009, compared to $967 million, for the quarter ended March 31, 2008....
Aon Q1 Revenue Drops 3%; Commissions, Fees Up 1%
May 1 2009 // Aon’s first quarter revenue fell 3 percent to $1.9 billion due to a 10 percent decline from foreign currency translation and a 44 percent decline in investment income, the company report. The decline in revenue was...
ACE Q1 Net Income up 50% to $567 Million; Operating Income $669 Million
Apr 29 2009 // ACE Limited reported from its Zurich headquarters that net income for the quarter ended March 31, 2009 was $567 million, or $1.69 per share, compared to $377 million, or $1.10 per share for the same quarter last...
Montpelier Re Q1Operating Income of $47 Million; $51 Million Comp. Net
Apr 29 2009 // Bermuda-based Montpelier Re Holdings Ltd. reported operating income of $47 million (or $0.54 per share) for the quarter ended March 31, 2009, compared to $28.2 million for the same period of 2008. Comprehensive net income...
PartnerRe Posts $141 Million Q1 Net Earnings; Conf. Call Today
Apr 28 2009 // Bermuda-based PartnerRe Ltd. posted net income of $141.5 million, or $2.32 per share on a fully diluted basis for the first quarter of 2009, compared to $129 million in the same period of 2008. “Net income includes...
United Fire & Casualty Reports Income Decline in Q1 2009
Apr 28 2009 // Cedar Rapids, Iowa-based United Fire & Casualty Company reported net income for the first quarter of 2009 was $3.3 million or 12 cents per diluted share, down from a net income of $20.1 million or 74 cents per diluted...
Chubb Q1 Profit Dips Along With Investments, Sales
Apr 24 2009 // High-end property/casualty insurer Chubb Corp. said Thursday that earnings fell in the first quarter, hit by losses on fund investments and declining policy sales. Chief Executive John Finnegan said the “difficult...
Florida’s Property Insurance Market: An Overview by Commissioner McCarty
Apr 24 2009 // It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in...
Harleysville Group’s Profits Take First-Quarter Dip
Apr 23 2009 // Pennsylvania-based insurer Harleysville Group Inc. saw first-quarter net income fall 28 percent as it posted profits of $17.2 million, down from $24.1 million in the year-ago period. Revenue for the company fell to $246.9...
Insurers, Environmental Advocates Urge Changes to Protect U.S. Coastlines
Apr 23 2009 // A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising...
Employers Holdings To Release Q1 Earnings on May 7
Apr 23 2009 // Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s first...
It’s Not Easy Being Green; But It’s Profitable
Apr 21 2009 // Jim Henson’s most famous Kermit the Frog said it the best, “It’s not easy being green.” Today’s property owners and insurers understand that while it’s not easy going green, being green...
101 Things Young Agents Like MOST
Apr 20 2009 // The exclusive 2009 Insurance Journal Young Agents Survey asked independent agents under 40 years old: What do you like most about being an independent agent? Here’s what some of the 692 agents who took the survey had...
Frequency Down but Severity Still a Problem for Medical Liability Insurers
Apr 20 2009 // Like just about any company anywhere on earth, medical liability insurers lost money on their equity investments in 2008 due to the meltdown in the U.S. and worldwide economies in the latter half of the year. However, for...
P/C Insurers Profitable in 2008 Despite Big Hits From Catastrophes, Financial Crisis
Apr 20 2009 // Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but...
8 Ways to Improve Your Sales Timing and Your Income
Apr 20 2009 // Timing is everything in life and in insurance sales. Talk to a new prospect or an existing insured on the right day when both of you are in the right mood and the odds are good that you will walk away with a check. The...
Insured Losses From Oklahoma Fires Estimated at $20M
Apr 16 2009 // Insured property losses from recent wildfires in Oklahoma could reach $20 million dollars, according to Southwestern Insurance Information Services president Jerry Johns. Johns said “catastrophic and huge”...
Insured Losses from Georgia’s April 10 Storms Estimated at $60 Million
Apr 15 2009 // Violent weather that struck Georgia on April 10 caused an estimated $60 million in insured losses, according to Insurance and Safety Fire Commissioner John W. Oxendine. “That’s a preliminary figure from the...
State Farm Expects $10M-plus Loss From Oklahoma Fires
Apr 15 2009 // Oklahoma’s largest insurer expects to see more than $10 million in home and automobile damage claims from recent wildfires. State Farm Insurance spokesman John Wiscaver said the company is working on more than 1,000...
Mercury General To Report Q1 Results on May 4
Apr 14 2009 // Mercury General Corp. on Monday, May 4, 2009, will release results for its first quarter ended March 31, 2009. The company will host an investor conference call and Webcast that same day at 10 a.m. Pacific Time to review...
