Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Insurance Industry Assessing Calif. Wildfires, Sends in Assistance
Oct 23 2007 // Insurance industry professionals are rallying the troops, bringing in claims professionals and others to assist in battling several major wildfires burning across Southern California. On Sunday, Gov. Arnold Schwarzenegger...
Analyst: Calif. Fires Should Not Result in Large Insurer Losses
Oct 23 2007 // The 11 wildfires burning in Southern California should not result in large individual insurance company losses, according to a recent report by Goldman Sachs Analyst Thomas Cholnoky. Instead, he predicts nontraditional...
Insurers Say Calif. Wildfire Claims May Reach $500 Million
Oct 23 2007 // Exclusive Video California Wildfires: Insurance Industry Assesses Impact California Wildfires: Insurers On Site at Evacuation Centers The insurance industry is estimating that the damage from the wildfires in southern...
PartnerRe Releases Q3 Results
Oct 22 2007 // Bermuda-based PartnerRe will release its 2007 third quarter and nine month results after the market close today, October 22, 2007. The Company’s senior management will conduct a dial-in conference call, which will...
Council says Hurricane Humberto Caused $30M in Losses in Texas
Oct 22 2007 // Officials with the Insurance Council of Texas say Hurricane Humberto, which hit the state last month, caused about $30 million in insured losses in Texas. Humberto made landfall on Sept. 13 near High Island, a coastal town...
Everest Re to Release Q3 Earnings Today; Conference Call Details
Oct 21 2007 // Bermuda’s Everest Re Group will release its third quarter 2007 earnings after the close of trading on the NYSE today, October 22, 2007. A conference call discussing the results will be held at 8:30 a.m. Eastern Time...
Fireman’s Fund Adds Green Amendments to Builders Risk Policy
Oct 18 2007 // Fireman’s Fund Insurance Co. announced the introduction of new green amendments to its builders risk insurance policy. New green buildings undergoing construction and existing buildings undergoing green renovations...
