Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Net Income Dips at Safety Insurance for 3d Quarter
Nov 6 2007 // Safety Insurance Group, Inc. in Boston reported third quarter 2007 net income for the quarter ended Sept. 30, 2007 was $22.9 million, or $1.42 per diluted share, compared to $29.1 million, or $1.81 per diluted share, for...
Munich Re’s 9-Month Profit Jumps 17.5% to $4.84 Billion
Nov 5 2007 // Maybe money can’t buy happiness, but it can certainly improve the bottom line. Munich Re has just announced a €3.348 billion ($4.843 billion) profit for the first nine months of 2007, a 17.5 percent increase, which...
Max Capital Earnings Announcement Today; Conference Call Details
Nov 5 2007 // The Bermuda-based Max Capital Group Ltd. will hold an investment community conference call today, November 5, 2007, at 10 o’clock a.m. Eastern Time, to discuss the Company’s third-quarter 2007 financial results...
Five Tips in Dealing with Wildfire Losses
Nov 4 2007 // Here we go again: another disaster, another insurance test. Will Southern Californians whose homes and businesses were destroyed or damaged by wildfires fare better with their insurance providers than Katrina’s...
Homeowners insurers not earning cost of capital despite modest rate increases
Nov 4 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
News Currents
Nov 4 2007 // Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
States under cover
Nov 4 2007 // Natural catastrophes — and the affordability and availability of property insurance in disaster-prone areas — have been on center stage in coastal states from the Northeast to the Gulf Coast. This fall, the...
Aspen Reports Record Q3 Results; Conference Call Today, Details
Nov 2 2007 // Bermuda-based Aspen Insurance Holdings reported record results for the third quarter of 2007. The Company gave the following highlights: from the earnings report: — Record third quarter net income of $117.2 million...
Endurance Q3 Net $131.4 Million
Nov 2 2007 // Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $131.4 million and $1.81 per diluted common share for the third quarter of 2007 versus net income of $128.2 million and $1.74 per diluted common...
Aon Cutting 2,700 Jobs in Overhaul Aimed at Saving $240M Annually
Nov 2 2007 // Insurance brokerage Aon Corp., faced by fierce competition and falling rates, said Wednesday it will cut 2,700 jobs as part of a restructuring plan that will eventually save it about $240 million a year. The elimination of...
International, Personal Lines Drive Liberty Mutual 3d Quarter
Nov 1 2007 // Liberty Mutual Group reported net operating income of $390 million for the three months ended September 30, 2007, an increase of $3 million over the same period in 2006. Results in the quarter include a 9.6% increase in...
Analyst: Safeco’s Earnings Per Share Likely to Be Lower
Oct 31 2007 // Goldman Sachs announced it is lowering its 2007 earnings per share estimate for Safeco by $0.55 to $6.20, primarily to reflect the third quarter EPS shortfall, as well as higher fourth quarter catastrophe losses expected...
Hanover Insurance Profit Soars 61% in 3d Quarter
Oct 30 2007 // With fewer catastrophe claims to pay, Hanover Insurance Group Inc.’s profit jumped 61 percent in the third quarter, the company reported this week. Net income for the third quarter of $53.9 million, or $1.03 per...
Analyst: Wildfire Losses Estimated To Be At Least $1.5 Billion
Oct 29 2007 // Using the latest information on current and forecast fire perimeters and observed wind speeds, catastrophe risk modeling company AIR Worldwide Corp. estimates insured losses from California wildfires will be at least 1.5...
Earnings Recap: ACE, Arch, Everest Re, Montpelier Re, PartnerRe, Transatlantic Re, Willis
Oct 26 2007 // A number of international companies have recently published their earnings results for the third quarter of 2007 and the first nine months of the year. Highlights of these reports – in alphabetical order – are...
Chubb Reports 3d Quarter Net Income Up 22%
Oct 26 2007 // The Chubb Corp. reported that net income in the third quarter of 2007 was $738 million or $1.87 per share, compared to $604 million or $1.43 per share in the third quarter of 2006. Operating income, which the company...
Fitch: Calif. Wildfires May Be Largest U.S. Wildfire Insured Loss Ever
Oct 25 2007 // Insured losses from wildfires continuing to spread in Southern California could likely become the costliest catastrophe insured loss event in 2007 and may potentially become the costliest wildfire catastrophe insured loss...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Brown & Brown Posts 14.8% Third-Quarter Increase
Oct 23 2007 // Brown & Brown Inc. announced its net income for the third quarter of 2007 of $46,216,000, or $0.33 per share, an increase of 14.8 percent from the $40,270,000, or $0.29 per share, reported for the quarter ended Sept....
Lexington Waives Deductible for NER Registered Losses
Oct 23 2007 // The National Equipment Register teamed up with Lexington Insurance Company, a member company of American International Group Inc. (AIG) to help their clients recover stolen equipment and reduce the costs associated with...
