Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Colorado To Hold Workers’ Compensation Loss Cost Hearing
Aug 7 2009 // Colorado’s Division of Insurance announced it will be holding a public hearing on Sept. 17, 2009, to discuss the workers compensation loss cost filing submitted by the National Council on Compensation Insurance. NCCI...
Employers Holdings Posts Q2 Net Income of $20.3 Million
Aug 7 2009 // Reno, Nev.-based Employers Holdings Inc. reported second quarter net income of $20.3 million compared with $27.4 million in the second quarter of 2008, a decrease of $7 million. Net income includes amortization of the...
AIG Posts First Profit Since 2007
Aug 7 2009 // American International Group, Inc. (AIG) reported its first quarterly profit since the third quarter of 2007, reflecting stabilization in some of its businesses and positive valuation changes. AIG, which received $180...
Allianz P/C Profit Down, Combined Ratio Up for Q2
Aug 7 2009 // Allianz disappointed investors on Friday as its property/ casualty insurance business missed expectations even as improving financial markets helped group net profit rise by a fifth in the second quarter. Net profit at...
Amerisafe Earnings Rise
Aug 7 2009 // DeRidder, La.-based Amerisafe Inc., which provides workers’ compensation insurance for hazardous jobs, announced that its second-quarter earnings rose slightly and handily beat analysts’ forecasts. For the...
Berkshire’s Q1 Results May Show Buffett’s Regained His Touch
Aug 6 2009 // For one quarter at least, Warren Buffett may look like the Oracle of Omaha again. Berkshire Hathaway Inc., Buffett’s insurance and investment company, may end six straight quarters of lower net earnings, including...
New Earthquake Risk Models Likely To Reduce Insured Loss Estimates
Aug 6 2009 // Newark, Calif.-based Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the United States and Alaska, Canada and Mexico. The new models are likely to lead...
Insurance Broker Marsh Revenues Fell 7% in Q2 But Profit Rose
Aug 5 2009 // Marsh & McLennan Companies Inc. posted a second quarter net loss of $193 million, attributable to the declining value of its security consulting business and private equity investments. Last year for the same quarter...
Improved Profitability Forecast for Marsh, Guy Carpenter
Aug 5 2009 // Marsh & McLennan Cos. Inc. , the No. 2 global insurance broker, posted quarterly results in line with expectations on Wednesday and forecast improved profitability for its brokerage business, sending its shares up 4.3...
Swiss Re’s Q2 Net Loss Surprises Analysts But P/C Insurance Profitable
Aug 5 2009 // Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns. Zurich-based Swiss Re said it made a net loss...
Bank Insurance Brokerage Fee Income Up 15% in Q1
Aug 4 2009 // First-quarter bank holding company (BHC) insurance brokerage income of $3.03 billion was up 15.0 percent from $2.63 billion in fourth quarter 2008, which marked the lowest point of quarterly insurance income since 2005,...
Investments Hurt Some U.S. Captives But Underwriting Income Up Overall
Aug 3 2009 // U.S. captive insurers’ net income declined approximately 66 percent in 2008 for a composite of 186 captive companies represented in an A.M. Best Co. special report. This reflects realized losses of $1.2 billion for...
Mercury General Reports Q2 Net Income of $114.4 Million
Aug 3 2009 // Los Angeles-based Mercury General Corp. has reported its results for the second quarter of 2009. Net income in the second quarter 2009 was $114.4 million compared with net income of $70.7 million for the same period in...
2008 Losses Lead to Record Insurance Payments to Midwest Farmers
Aug 3 2009 // The National Crop Insurance Services (NCIS) trade group says a record $8.6 billion in crop insurance indemnity payments has been distributed to U.S. farmers for crop losses in 2008, and a lot of that money went to farmers...
Top 20 Banks in Insurance Brokerage Fee Income
Aug 3 2009 // Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com...
Top 20 Bank Holding Companies in Insurance Brokerage Fee Income
Aug 3 2009 // Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif....
Pennyslvania’s Harleysville Sees Second Quarter Profits Climb
Jul 31 2009 // Pennsylvania-based Harleysville Group Inc. saw second quarter profits climb 115 percent to $20.1 million, up from $9.3 million in the year-ago quarter. At the same time, revenues at the insurer fell nearly 7 percent to...
The Hartford Posts Net Loss of $15M in Q2; P/C Combined Ratio at 90.4%
Jul 31 2009 // The Hartford reported a second quarter 2009 net loss of $15 million compared with second quarter 2008 net income of $543 million. Even so, Ramani Ayer, chairman and chief executive officer of The Hartford, said the insurer...
RenaissanceRe Posts $271 Million Q2 Net Income; $368 Million 6 Months
Jul 30 2009 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $271.2 million or $4.32 per diluted common share in the second quarter, compared to net income available to common...
HRH Acquisition Helps Boost Willis’ Revenues by 19% in Q2
Jul 30 2009 // Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended...
