Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Mercury General Increases Q2 Net Income 1.8%, Names Marcon to Board
Aug 5 2008 // Los Angeles-based Mercury General Corp. announced its second quarter results for 2008. Net income was $70.7 million, an increase of 1.8 percent from the $69.5 million earned in the same quarter in 2007. However, net...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion
Aug 4 2008 // Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property...
Reinsurance, Investments Decrease Fairfax Q2 Profit by 84%
Aug 1 2008 // Fairfax Financial Holdings Ltd. said second-quarter profit fell 84 percent due to a charge at a subsidiary, and a writedown on investments. For the three months ended June 30, profit was $27.6 million, or 84 cents a...
Bermuda-based Companies Second Quarter Earnings Reports
Aug 1 2008 // A number of Bermuda-based companies have released their second quarter earnings reports, as follows: RenaissanceRe Holdings Ltd. reported $159.9 million in second quarter operating income available to common shareholders...
Hanover Insurance Reports Q2 Net Loss with Sale of Life Business
Aug 1 2008 // The Hanover Insurance Group, Inc. in Worcester, Mass. reported a net loss for the second quarter of 2008 of $10.2 million, compared to an income of $59.8 million in the second quarter of the prior year. Net income for the...
Aon Net Income Way Up for Q2 on Sale of Combined Insurance
Aug 1 2008 // Giant insurance broker Aon Corp. reported that second quarter net income skyrocketed 372 percent largely from its sale of business units including Combined Insurance Companies of America. Net income increased to $1.1...
Willis Net Income Down 50%; Revenues Up 6% in Q2
Jul 31 2008 // Despite a soft insurance market, Willis Group Holdings Limited reported a 7 percent growth in commissions and fees, including 3 percent organic growth for the quarter and six months ended June 30, 2008. However, Willis...
