Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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,...
Risk Managers Report Price Softening; Insurers Battle Surplus Decline
Nov 2 2008 // Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes Risk managers report that commercial policy renewal prices are continuing to drop even as insurers are battling a...
The Battle to Preserve Agency/Broker Value
Nov 2 2008 // As economic stagnation and current rate pressure weakens performance and as supply starts to outstrip demand for acquisitions, agencies and brokers must be prepared for deteriorating valuations. As the next few years will...
Local Governments Increase Homeowners Loss
Nov 2 2008 // Personal Lines Ordinance or Law Exposures Within 10 years of completion (sometimes in as little as five) a house may violate several parts of a community’s most current building codes. Specific jurisdictional...
Study: California Earthquake Could Cause $200 Billion in Losses
Oct 31 2008 // If a magnitude 7.0 earthquake occured on California’s Hayward Fault today, it would result in economic losses between $210 billion and $235 billion, with only up to $30 billion likely to be insured, according to a...
Fairfax Q3 Profit up on Investment Gains
Oct 31 2008 // Insurance holding company Fairfax Financial Holdings Ltd. said on Thursday that its quarterly net income jumped 85 percent as investment gains outweighed catastrophe losses in its underwriting business. The company said...
