Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
9 Catastrophes to Cost P/C Insurers $3 Billion in 1st Quarter
Apr 29 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the...
AXIS Q1 Report Shows Profits Up, Operating Earnings Down
Apr 29 2008 // Bermuda-based AXIS Capital Holdings Limited reported net income for the first quarter of 2008 available to common shareholders of $238 million, or $1.48 per diluted common share, compared with net income of $228 million,...
Allianz Forecasts $2.8 Billion Q1 Profit
Apr 29 2008 // Germany’s Allianz SE said it expects a “solid operating profit” for the first quarter of 2008 of €1.8 billion ($2.8 billion) “despite a difficult market environment.” The Allianz Group...
PartnerRe Q1 Net Drops 24%
Apr 29 2008 // Bermuda-based PartnerRe Ltd. reported net income of $129.0 million, or $2.16 per share, for the first quarter of 2008, compared to $169.3 million for Q1 2007, a 24 percent decrease. The income figure includes net realized...
Chubb Posts Dip in 1st Quarter Profit
Apr 28 2008 // Chubb Corp, one of the largest U.S. business insurers, said that earnings fell 6.5 percent in the first quarter, as the value of policy sales fell moderately. The Warren, New Jersey-based insurer posted net income of $664...
Disappointing CNA Insurance Results Hurting Loews
Apr 28 2008 // Loews Corp. posted an unexpected drop in first-quarter profit Monday, hurt by disappointing results from its CNA Financial Corp. insurance unit. In Monday afternoon trading, shares of Loews were down $2.07, or 4.6 percent,...
West Virginia Mining Co. Blames Losses on Structural Issues, Labor Shortage
Apr 25 2008 // West Virginia-based International Coal Group says its first-quarter loss widened nearly 42 percent due to lagging production and other problems. ICG said Wednesday it lost $11.5 million, or 8 cents per share, in the first...
Arch Capital Q1 Earnings $189.4 Million
Apr 25 2008 // Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2008 first quarter was $189.4 million, or $2.78 per share, compared to $198.6 million, or $2.59 per share, in Q1...
Arch Capital Earnings, Conf. Call
Apr 24 2008 // Arch Capital Group Ltd. expects to release its 2008 first quarter results after the close of regular stock market hours on Thursday, April 24, 2008. The Company will hold a conference call for investors and analysts at...
Zenith National Insurance Reports $41.9 Million Q1 income
Apr 24 2008 // Woodland Hills, Calif.-based Zenith National Insurance Corp. (NYSE: ZNT) reported net income for the first quarter 2008 of $41.9 million, or $1.12 per share, compared to net income for the first quarter 2007 of $64.5...
Travelers Earnings Drop 11% in 1Q
Apr 24 2008 // Travelers Cos. Inc., one of the largest property insurers in the United States, said Thursday that earnings fell 11 percent in the first quarter, as catastrophe losses in the quarter more than doubled and investment income...
Allstate’s Profit Drops 77% in 1Q
Apr 24 2008 // Allstate Corp. said Wednesday that first-quarter net income dropped 77 percent, hurt by write-downs in its investments and larger-than-expected catastrophe losses. The insurer said it had to write down the value of...
HRH Net Income Down 38.5% in 1Q; Total Revenues Up 4.4%
Apr 24 2008 // Hilb Rogal & Hobbs Company (NYSE:HRH) reported total revenues were up 4.4 percent for first quarter 2008 over the same period in 2007, but net income for the first quarter decreased 38.5 percent HRH reported that...
XL Earnings, Conf. Call
Apr 22 2008 // XL Capital Ltd. plans to release its first quarter 2008 financial results after the close of regular stock market trading hours on April 22. The company will host a conference call at 10 a.m. ET on April 23 to discuss the...
Insurers to Build Research Center for Natural Disaster Property Losses
Apr 22 2008 // A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural...
Soft Market’s Effect on Premium Volume Doesn’t Have to Hinder Revenue
Apr 21 2008 // Soft market’s effect on premium volume doesn’t have to hinder revenue Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the...
Climate Change Risk Gives Industry An Opportunity to Be Part of the Solution
Apr 21 2008 // Global warming, the consequence of which is referred to as climate change, is the heating of the earth’s surface temperature caused by man-made activity linked to release of greenhouse gases (GHGs). The burning of...
FBI: Dollar Loss From Internet Crime Reaches All-time High of $240 Million in 2007
Apr 21 2008 // Internet crimes in 2007 cost nearly $240 million, a $40 million increase from 2006, the Federal Bureau of Investigation reported. According to the FBI’s 2007 Internet Crime Report, the Internet Crime Complaint Center...
Mercury General To Report Q1 Results on May 5
Apr 16 2008 // Los Angeles-based Mercury General Corp. (NYSE:MCY) will release its financial resuts for the first quarter ended March 31, 2008, on May 5, 2008. The company will host an investor conference call and Webcast that day at 10...
Total Bank Insurance Revenue Up Slightly in 2007
Apr 15 2008 // The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co....
