Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Storm Losses Erode W.R. Berkley Net Income in Q2
Jul 24 2008 // Insurance holding company W. R. Berkley Corp. reported net income for the second quarter of $80 million, compared to $191 million for the second quarter of 2007. Second quarter results showed the combined ratio was 93.2%...
Liberty Mutual’s Q2 Profits Up; Combined Ratio at 98%
Jul 24 2008 // Bad weather and a poor economy hampered Liberty Mutual Group’s (LMG) second quarter results but revenues overall were up 10.4 percent over second quarter 2007, the company reported today. Liberty Mutual reported the...
U.S. Insured Losses from Dolly Estimated at $300 Million to $1.2 Billion
Jul 24 2008 // Insured loss estimates from Hurricane Dolly are starting to roll in. AIR Worldwide estimates U.S. insured losses from Hurricane Dolly at $300 million to $1.2 billion with an expected (mean) loss of $600 million. Meanwhile,...
Travelers Weathers Q2 Catastrophe Losses; Combined Ratio at 89%
Jul 23 2008 // The Travelers Companies, Inc. reported net income of $942 million for the quarter ended June 30, 2008, compared to $1.254 billion for the quarter ended June 30, 2007. Operating income in the current quarter was $918...
Montpelier Re to Release Q2 Results Today; Conference Call Details
Jul 22 2008 // Bermuda-based Montpelier Re Holdings Ltd. expects to release its second quarter results after the market close today Tuesday, July 22, 2008. The Company will host a conference call to discuss the results on July 23, 2008...
Everest Re to Release Q2 Results Today; Conference Call Details
Jul 21 2008 // The Bermuda-based Everest Re Group, Ltd. will release its Second Quarter 2008 earnings after close of trading on the NYSE today, Monday July 21, 2008. A conference call discussing the results will be held at 8:30 a.m....
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion; Average Claim $5K
Jul 21 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes in 27 states, which is nearly double...
Employers Holdings Schedules Q2 Earnings Release
Jul 17 2008 // Employers Holdings Inc., a provider of workers’ compensation insurance to small, U.S. businesses based in Reno, Nev., will review the company’s second quarter 2008 financial results during a conference call and...
Mercury General Corp. to Report Q2 Results on August 4
Jul 14 2008 // Los Angeles-based Mercury General Corp. will release results for its second quarter ended June 30, 2008, on Aug. 4, 2008. The company will host an investor conference call and Webcast that same day at 10 a.m. PST. All...
S&P Advises Floods Could Lead to Ratings Actions on Midwest-Focused Insurers
Jul 11 2008 // Standard & Poor’s Ratings Services said it does not expect the 2008 Midwest floods to impact ratings or outlooks for the majority of companies that it rates. However, property/casualty writers that are...
AIG, Other Mortgage Insurers’ Stocks Fall on Mortgage Loss Fears
Jul 11 2008 // Shares of American International Group Inc, the world’s largest insurer, fell 8.2 percent Thursday on concerns that a rating cut at its mortgage insurance unit could signal more losses in the...
Harleysville Insurance Hammered by 2d Quarter Catastrophe Losses
Jul 10 2008 // Regional property/casualty insurer Harleysville Group Inc. reported that estimated second quarter catastrophe losses from storms in the Midwest and elsewhere will be the most the insurer has faced in a quarter in more than...
2008 Catastrophe Losses Already Exceed 2007; On Track to Pass 2006
Jul 9 2008 // A large number of exteme weather events pummeled the United States in the first half of the year, and worldwide 2008 may go down in history as a year with one of the highest number of natural catastrophe victims, according...
Munich Re of Africa Reports Premium, Profit Growth
Jul 8 2008 // Munich Reinsurance Co. of Africa – the largest reinsurer in Sub-Saharan Africa – posted positive underwriting results for 2007. MRoA announced a 25.4 percent increase in gross premium income to R3, 2billion,...
Japan: Risk and Rewards
Jul 7 2008 // A Glimpse into Japan’s Property and Casualty Market The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of...
In Brokers We Trust
Jul 7 2008 // Alliant Insurance Services Puts Its Money Where Its Trust Is — In Teams, Not Individuals Insurance Journal Top 100 Agency Profile Alliant Insurance Services RANKING: No. 2 Headquarters: Newport Beach, Calif. Year...
Willis Buys HRH for $2.1 Billion
Jul 7 2008 // Combined Firm Doubles Employee Benefits Business Willis Group Holdings Chairman and CEO Joe Plumeri holds a reputation for taking on challenges. On June 8 his company gave him one. Willis announced it has agreed to buy...
Bank Insurance Brokerage 1Q Earnings Hit Second-Highest Level Ever
Jul 7 2008 // Quarterly earnings from bank insurance brokerage hit their second-highest level in first quarter 2008. Bank insurance brokerage earnings in the first three months of 2008 were $1.078 billion, up 8.6 percent from $993.3...
Non-Profits Say Resources Very Low After Midwest Flooding Disaster
Jul 2 2008 // Dallas, Texas-based Ketchum, Inc., a non-profit consultant in the area of fundraising, recently conducted a survey with over 50 not-for-profit organizations in the Midwest flood zone. The results showed that resources have...
Conning Research: P/C Loss Reserves Position Deteriorated in 2007
Jul 1 2008 // While the property/casualty industry still appears to have strong reserves, overall its position began to deteriorate in 2007, according to a new study by Conning Research and Consulting Inc. “The property-casualty...
