Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
BNP Paribas Has Q4 Loss; Braced for Tough Year
Feb 19 2009 // BNP Paribas, the French bank embroiled in plans to carve up struggling rival Fortis, posted an expected fourth-quarter loss and said market conditions would remain tough in 2009. France’s biggest bank by market...
Kentucky Ice Storm Death Toll at 35; Early Losses at $130 Million
Feb 13 2009 // Kentucky officials say the Jan. 27 storm that blanketed the region with ice and snow has taken 35 lives. About 769,000 customers lost power at its peak, and almost 50,000 are still without power. The state has received a...
Nevada Workers’ Comp Loss Costs, Risk Rates to Decrease
Feb 13 2009 // Nevada Insurance Commissioner Scott Kipper has approved revised workers’ compensation voluntary loss costs and assigned risk rates filed by the National Council on Compensation Insurance (NCCI). The revised loss...
Arthur J. Gallagher Q4 Net Income Drops 80%
Feb 13 2009 // Arthur J. Gallagher reported net income for the fourth quarter dropped 80 percent. The Itasca, Illinois-based company’s fourth quarter net income declined to $4.7 million or $0.05 per share from $23.4 million or...
RenRe Q4 Loss $44.6 Million; FY Income Drops 95% to $29 Million
Feb 13 2009 // Bermuda-based Renaissance Re Holdings reported a $44.617 million net loss for the fourth quarter of 2008. Net income for the full year was $29.02 million, compared to $612.436 million in 2007, a 95 percent decline....
Validus Q4 Net Income Drops 73% to $37 Million; FY Net $53.1 Million
Feb 13 2009 // Bermuda-based Validus Holdings reported net income for the quarter ended December 31, 2008 of $37.0 million, or $0.47 per diluted common share, compared with net income of $139.0 million, or $1.77 per diluted common share,...
Best Indicates 2008 Loss Won’t Affect Catlin Group’s Ratings
Feb 13 2009 // A.M. Best Co. has commented that the ratings of the Bermuda-based Catlin Group and its subsidiaries remain unchanged following the publication of the group’s full year 2008 results. Best said it “believes that...
Marsh Sees Growth in 2009 Boosted by Acquisitions
Feb 12 2009 // Marsh & McLennan Cos Inc , the No. 2 global insurance broker, reported better-than-expected fourth-quarter earnings, helped by lower costs, and forecast higher profits in 2009, sending its shares up 16 percent. The...
S&P Affirms XL and Subsidiaries Ratings; Outlook Remains Negative
Feb 12 2009 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on XL Capital Ltd. and its ‘A’ counterparty credit and financial strength ratings on XL’s core...
Max Capital Posts $94 Million Q4 Loss; $175 Million FY Loss
Feb 12 2009 // The Bermuda-based Max Capital Group reported a net loss for the three months ended December 31, 2008, of $94.1 million, or $1.67 per diluted share, compared to net income of $62.4 million, or $1.00 per diluted share, for...
Willis Fourth Quarter Net Income Falls 35% to $62 Million
Feb 12 2009 // Willis Group Holdings, the third largest global insurance broker, said Wednesday that its fourth-quarter net income fell about 35 percent, hurt by declines in foreign currency and integration costs from a recent...
Everest Re Posts $16.6 Million Q4 Net Loss; $18.7 Million FY Loss
Feb 12 2009 // The Bermuda-based Everest Re Group reported an overall net loss of $16.591 million, or $0.27 per share, for the fourth quarter of 2008 compared to net income of $12.2 million, or $0.19 per diluted share, for the same...
Validus Re to Release Q4, FY Earnings Today; Conference Call Details
Feb 12 2009 // Bermuda-based Validus Holdings plans to release its financial results for the fourth quarter and fiscal year ended December 31, 2008, after the close of trading on the New York Stock Exchange today, Thursday, February 12,...
XL Capital Posts $1.43 Billion Q4 Loss; $2.63 Billion Full Year
Feb 11 2009 // Bermuda-based XL Capital posted a $1.43 billion fourth-quarter net loss Tuesday, and said it will cut its dividend and slash 10 percent of its staff. The quarterly loss was due to soured investments, hedge fund losses, and...
Max Capital to Hold Earnings Conference Call Today
Feb 11 2009 // The Bermuda-based Max Capital Group will hold an investment community conference call today, Wednesday, February 11, 2009, at 10 o’clock a.m. Eastern Time, to discuss the Company’s fourth quarter 2008 financial...
Willis to Release Q4 Earnings Today; Conference Call Details
Feb 11 2009 // Willis Group Holdings Limited will release earnings for the fourth quarter ending December 31, 2008 after the market closes on Wednesday, February 11, 2009. Copies of the release will be available soon thereafter within...
Everest Re to Release Q4, FY Earnings Today; Conference Call Details
Feb 11 2009 // The Bermuda-based Everest Re Group will release its Fourth Quarter 2008 earnings after close of trading on the NYSE on February 11, 2009. A conference call discussing the results will be held at 8:30 a.m. Eastern Time on...
Marsh & McLennan Profits Up for 2008; Down 9% in Q4
Feb 11 2009 // Marsh & McLennan Companies Inc. reported profits were up 4 percent for the full year 2008, but fourth quarter revenue was down some 9 percent over the previous year’s quarter. In the fourth quarter 2008,...
Consumers Miss More Debt Payments; Lenders Move to Stem Losses
Feb 10 2009 // U.S. consumers are falling further behind on their debt payments even as both borrowers and lenders struggle to keep the debt burden from getting even heavier in the face of a worsening recession and employment picture, a...
AXIS Capital Q4 Net Down 57%; Full Year Declines by 66.7%
Feb 10 2009 // Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2008 of $131 million, or $0.88 per diluted common share, compared with net income of $306 million, or $1.89 per diluted common...
