Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
CastlePoint Q2 Earnings Stable at $10.3 Million
Aug 11 2008 // Bermuda-based CastlePoint Holdings, Ltd. reported net income of $10.3 million and basic and diluted earnings per share of $0.27 for the second quarter of 2008. Operating earnings for the second quarter of 2008 were $13.2...
Kingsway’s Q2 Net Income Rebounds from Q1 Loss to $6.3 Million
Aug 11 2008 // Kingsway Financial Services Inc. announced financial results (in U.S. dollars) for the second quarter ended June 30, 2008 that rebounded from a first quarter loss. The Company reported net income of $6.3 million or $0.11...
Munich Re Posts $2.1 Billion First Half Profit Despite Credit Crunch
Aug 8 2008 // The Munich Re Group recorded a profit of €1.4 billion ($2.123 billion) for the first half of 2006, a decline from the €2.1 billion ($3.18 billion) recorded in the same peiod of 2007. However, given the ongoing...
S&P: Munich Re Ratings ‘Unaffected’ by Reduced Earning Forecast
Aug 8 2008 // Following the release of Munich Re’s six-month earnings report (See above), Standard & Poor’s Ratings Services said that its ‘AA-‘ long-term counterparty credit and insurer financial strength...
S&P Sees No Affect on AIG’s Ratings from Q2 Loss
Aug 8 2008 // Standard & Poor’s Ratings Services indicated that its ratings on American International Group Inc. – currently ‘AA-‘ with a negative outlook/Debt ‘A-1+’ – and AIG’s...
AIG CEO Ready to ‘Take a Scalpel’ to Reshape Insurer
Aug 8 2008 // American International Group’s Chief Executive Robert Willumstad will soon take the scalpel to the world’s largest insurer — and not a minute too soon for investors blindsided by mortgage losses that led...
Specialty Underwriters’ Alliance Reports 2nd Quarter Results
Aug 8 2008 // Chicago-based Specialty Underwriters’ Alliance, Inc. today aannounced financial results for the 2nd quarter ending June 30, 2008. Highlights include: — Net income for the second quarter of 2008 was $2.3...
Florida-based AmCOMP Reports 2nd Quarter 2008 Financial Results
Aug 8 2008 // North Palm Beach, Florida-based AmCOMP Inc. announced results for the second quarter of 2008. For the second quarter of 2008, net income was $2.1 million compared to net income of $5.5 million for the second quarter of...
Louisiana Workers’ Compensation Carrier Boosts Q2 Earnings
Aug 8 2008 // Louisiana-based Amerisafe Inc., which provides workers’ compensation insurance for small to mid-sized companies in hazardous industries, recorded a 13 percent increase in second-quarter profit despite a slight...
Global Writedowns, Credit Losses Near $350 Billion
Aug 7 2008 //
AIG’s Net Loss for Q2: $5.36 Billion; Conference Call Today, Details
Aug 7 2008 // American International Group confirmed analysts’ worst forecasts, as it posted a net loss for the second quarter of 2008 of $5.36 billion or $2.06 per diluted share compared to net income of $4.28 billion or $1.64...
Credit Crunch Cripples European Insurers’ Profits
Aug 7 2008 // The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European...
Cincinnati Financial Corp. Reports 2nd Quarter Results
Aug 7 2008 // Cincinnati Financial Corp. held a webcast on Wednesday, Aug. 6 to discuss 2nd Quarter results for the company. Some of the key results are; * Net income at $63 million, or 38 cents per share in the second quarter of 2008,...
Max Capital Q2 Net Income Drops 20% to $74 Million
Aug 6 2008 // The Bermuda-based Max Capital Group Ltd. reported net income for the three months ended June 30, 2008, of $74.2 million, or $1.26 per fully diluted share, compared to net income of $94.1 million, or $1.45 per fully diluted...
AXIS Q2 Net Income Declines by 8% to $231 Million
Aug 6 2008 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2008 of $231 million, or $1.47 per diluted common share, compared with $252 million, or $1.51 per...
Flagstone Re Q2 Net Income Increases to $41.9 Million
Aug 6 2008 // Bermuda-based Flagstone Reinsurance Holdings Limited announced that its net income in the second quarter increased to $41.9 million, or $0.49 per diluted share, compared to $14.7 million, or $0.17 per diluted share, for...
Swiss Re Q2 Net Income Drops 53% to $536 Million
Aug 6 2008 // Swiss Re joined the ranks of European insurers and reinsurers, who have been impacted by the global financial crisis. The world’s biggest reinsurer reported a 53 percent drop in second quarter net income to CHF 564...
MarshMac’s Q2 Earnings Fall to $65 Million on Unit Write-down
Aug 6 2008 // Marsh & McLennan Inc. posted a drop in second-quarter earnings on Wednesday, hurt by a $115 million write-down of goodwill for its risk consulting and technology division. Net income fell 63 percent to $65 million, or...
Safety Insurance Net Income Steady for Q2 Under New Mass. Auto System
Aug 5 2008 // Massachusetts personal lines insurer Safety Insurance Group, Inc.’s second quarter results show the insurer remains profitable under the new managed competition pricing system for private passenger auto even though...
Insurers Escape Big Q2 Mortgage Losses – So Far
Aug 5 2008 // The first read on insurance companies’ second-quarter earnings shows they’re taking hits from the same kinds of mortgage-backed investments as other financial firms, but so far, most companies haven’t had...
