Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
W. R. Berkley: Net Income Up 17% in 1st Quarter
Apr 24 2007 // W. R. Berkley Corp. reported net income for the first quarter of 2007 of $188 million, or 93 cents per share, a 17% increase from $162 million, or 80 cents per share, for the first quarter of 2006. Net operating income for...
Brown & Brown 1st Quarter Net Income Sets Company Record
Apr 24 2007 // For large Florida-based insurance broker Brown & Brown, Inc., net income and net income per share for the first quarter of 2007 were the highest levels ever attained by the company in a first quarter. Net income per...
Safety group dividend program gives profits back to habitational insureds
Apr 23 2007 // Habitational insurance programs are no different than any insurance program — safety, loss control and risk management practices are essential to its success. One habitational property insurance program offers...
Banks’ total insurance revenue dipped
Apr 23 2007 // The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006. Citigroup Inc. (N.Y.), Wells Fargo &...
Lloyd’s posts more than $7 billon in record pre-tax profit
Apr 23 2007 // What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in 2005. Lloyd’s also achieved an extremely good combined ratio...
News Currents
Apr 23 2007 // Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
News Currents
Apr 23 2007 // Banks’ total insurance revenue dipped The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006....
Safety group dividend program gives profits back to habitational insureds
Apr 23 2007 // Habitational insurance programs are no different than any insurance program — safety, loss control and risk management practices are essential to its success. One habitational property insurance program offers...
Investments Boost Allstate 1Q Profit
Apr 20 2007 // Allstate Corp. said first-quarter profit rose 5 percent as investment gains offset a decline in revenue from property-liability insurance premiums. The insurer posted net income of $1.49 billion, or $2.39 per share,...
S&P Lowers Ratings on IPCRe Entities
Apr 20 2007 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on nonlife reinsurers IPCRe Ltd. and IPCRe Europe Ltd. (collectively referred to as IPCRe) to...
Mercury General to Report Q1 Results on May 7
Apr 18 2007 // Los Angeles-based Mercury General Corp. is scheduled to report its results for the first quarter reported ended March 31, 2007, on May 7. On May 7 at 10 a.m. PST, company executives will host an investor conference call...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
Tornado Losses in N.J., Conn., Ohio Could Top Those of Great Plains States
Apr 18 2007 // Most people associate tornado activity with the “Tornado Alley” of the Great Plains states. While this is true in terms of the sheer numbers of tornadoes and losses, surprisingly, catastrophe modeling shows...
Losses Estimated at $25 Million in North Texas Storm
Apr 17 2007 // A fast moving storm that slammed into the Dallas/Fort Worth area on the night of April 13 spawned tornadoes and large hail and caused an estimated $25 million in insured losses. Two people, including an Irving police...
New Online Calculator Helps Assess the Financial Cost of Data Theft
Apr 12 2007 // Darwin Professional Underwriters Inc., a specialty insurance company and provider of technology liability insurance coverage, has developed an online calculator that allows companies to estimate their financial risk from...
Banks’ Total Insurance Revenue Dipped; Brokerage Income Rose in ’06
Apr 10 2007 // The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006. Citigroup, Inc. (N.Y.), Wells Fargo &...
PREDICTING EARTHQUAKE LOSSES
Apr 9 2007 // The California Earthquake Authority is collaborating with the U.S. Geological Survey and the National Science Foundation on a new earthquake damage risk model to update the current model developed by risk modeling company...
Are state-backed insurance schemes the wave of the future?
Apr 9 2007 // The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and...
Insurers fight impression their big profits are at claimants’ expense
Apr 9 2007 // The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent. St. Paul Travelers’ earnings rose sixfold in the fourth quarter,...
Contrary to the headlines, ID theft may be on the decline
Apr 9 2007 // Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction...
