Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AIG Deal Revamp Seen Halting Losses, Says Fed Official
Nov 10 2008 // The U.S. government retooled a rescue package for insurer American International Group to take advantage of its new ability to inject capital into the firm, a senior Federal Reserve official said on Monday. Taking an...
Even Buffett Can’t Escape Markets, Storms; Berkshire Profit Falls 77%
Nov 10 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday third-quarter profit fell 77 percent, the fourth straight quarterly decline, hurt by weaker results from insurance underwriting and a big loss on derivatives...
AIG Reworks Bailout; Fed Ups Support to $150B, Lowers Interest Rate
Nov 9 2008 // The U.S. government dramatically boosted its bailout of insurer American International Group Inc. and eased the terms of its loans to the company on Monday after an initial rescue plan failed to stabilize the...
Munich Re Q3 Profits Down 99% to $15.4 Million; $1.8 Billion for 9 Months
Nov 7 2008 // Munich Re’s third quarter profits fell by 99 percent to €12 million ($15.4 million) compared to the €1.216 billion ($1.555 billion) it recorded in the third quarter of 2007. The Group’s net...
Endurance Reports $99.4 Million Q3 Loss; Conference Call Details
Nov 7 2008 // Bermuda-based Endurance Specialty Holdings Ltd. reported a net loss of $99.4 million and $1.79 per diluted common share for the third quarter of 2008 versus net income of $131.4 million and $1.81 per diluted common share...
Allied World Reports Q3 Loss
Nov 7 2008 // Allied World Assurance Co. Holdings, Ltd., which closed on its acquisition of Darwin Professional Underwriters in October, reported a net loss of $46.4 million for the third quarter ending Sept. 30, 2008 compared to net...
S&P Affirms AXIS’ Ratings; Positive Outlook
Nov 6 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on Bermuda-based insurance and reinsurance holding company AXIS Capital Holdings Ltd. and its ‘A’...
Validus to Release Q3 Results Today; Conference Call Friday – Details
Nov 6 2008 // Bermuda-based Validus Holdings, Ltd. plans to release its financial results for the third quarter 2008 after the close of trading on the New York Stock Exchange today, Thursday, November 6, 2008, a week earlier than...
Alabama-based Infinity Reports Strong Underwriting Results
Nov 5 2008 // Birmingham, Ala.-based Infinity Property and Casualty Corp., a national provider of personal automobile insurance, reported results for the three and nine months ended Sept. 30. Stronger than expected underwriting results...
S&P Says Swiss Re’s ‘AA-‘ Ratings ‘Unaffected by Q3 Net Loss’
Nov 5 2008 // Standard & Poor’s Ratings Services said that its ‘AA-‘ insurer financial strength and long-term counterparty credit ratings on Zurich-based global reinsurance group Swiss Reinsurance Company (Swiss...
Flagstone Re Posts $186 Million Q3 Net Loss; $111 Million for 9 Months
Nov 5 2008 // Bermuda-based Flagstone Reinsurance Holdings Limited announced a net loss available to common shareholders for the quarter ended September 30, 2008 of $(186.5) million, or $(2.18) per diluted share, compared to net income...
Marsh Reports Q3 Loss
Nov 5 2008 // Marsh & McLennan reported an $8 million loss in the third quarter. For the third quarter last year, when it sold Putnam Investments, MMC reported net income of $1.9 billion. The company said it is pleased with the...
Swiss Re Reports $259 Million Q3 Net Loss: $754 Million 9-Month Profit
Nov 4 2008 // Swiss Re reported a net loss of CHF 304 million ($259.3 million) for the third quarter of 2008, despite what it described as “good technical results for Property & Casualty.” For the first nine months of...
Max Capital Posts $163 Million Q3 Net Loss; $81 Million 9-Month Loss
Nov 4 2008 // The Bermuda-based Max Capital Group reported a net loss for the three months ended September 30, 2008, of $163.2 million, or $2.79 per fully diluted share, compared to net income of $66.8 million, or $1.05 per fully...
Argo Posts $8.8 Million Q3 Net Loss; $51 Million 9-Month Profit; Conf. Call Today
Nov 4 2008 // The Bermuda-based Argo Group International Holdings managed to post a net profit of 51.1 million for the first nine months of 2008, despite posting an $8.8 million third quarter net loss. Other earnings highlight listed by...
Profits Shrink at Safety Insurance
Nov 4 2008 // Boston-based Safety Insurance Group Inc. saw third quarter profits shrink by nearly 20 percent — about $4.6 million — compared with the same period last year, according to the insurer’s latest earnings...
Max Cap Group to Hold Q3 Earnings Conference Call Today; Details
Nov 3 2008 // The Bermuda-based Max Capital Group Ltd. will hold an investment community conference call today, today, Monday, November 3, 2008, at 10 o’clock a.m. Eastern Time, to discuss the Company’s third quarter 2008...
Flagstone Re to Release Q3 Earnings Today; Conference Call Details
Nov 3 2008 // Bermuda-based Flagstone Reinsurance Holdings Limited will release its third quarter results after the close of market today, Monday, November 3rd, 2008. The Company will hold an investment community conference call on...
Mercury General Reports Net Loss of $140.5 million in Q3
Nov 3 2008 // Los Angeles-based Mercury General Corp. has announced its results for the third quarter ended Sept. 30, 2008. Net loss in the third quarter was $130.5 million, compared with net income of $63.3 million in the same period...
Alabama Revenue Chief Calls for Captive Insurers for Coastal Property Risks
Nov 2 2008 // Alabama’s coastal property insurance crisis could be resolved by the state and cities working together to form special types of insurance companies to offer coverage, the state revenue commissioner said. Tim Russell,...
