Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Hub International Earnings Rise Sharply for 2nd Quarter
Jul 27 2006 // Hub International reported a 32 percent increase in revenue and a 286% increase in net earnings from continuing operations for Hub International Limited in the second quarter ended June 30, 2006 attributing the results to...
Ind. WellPoint Inc. Reports 2nd Quarter Profit Up on Higher Revenue
Jul 27 2006 // Health insurer WellPoint Inc. said this week that its second-quarter profit climbed 34 percent on increased revenue from premiums and administrative fees. The company also continues to benefit from its December acquisition...
HRH Posts 10% Increase in Revenues for 2nd Quarter
Jul 27 2006 // Hilb Rogal & Hobbs Company reported its second quarter total revenues were $178.4 million, compared with $162.0 million in the 2005 second quarter, an increase of 10.1 percent. HRH said comissions and fees rose 8.5...
N.Y. Cuts Time for Loss Runs
Jul 27 2006 // New York Gov. George Pataki has signed into law a bill that would cut in half agents’ wait time for commercial policy loss runs. The new law reduces the maximum time companies are given to supply loss runs upon...
Gov. Rell Seeks Federal Aid for Crop Losses by Conn. Farmers
Jul 26 2006 // Connecticut Governor M. Jodi Rell is asking U.S. Agriculture Secretary Mike Johanns to approve federal disaster aid for Connecticut farmers who suffered severe crop losses from the heavy rains and cool temperatures this...
Chubb Chugs Along in 2d Quarter; Raises Outlook for 2006
Jul 26 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...
Arthur J. Gallagher to Announce 2006 Earnings Tomorrow
Jul 24 2006 // Illinois-based Arthur J. Gallagher & Co. will release its second quarter 2006 earnings after the market closes on Tuesday, July 25, 2006. A printer-friendly format will be available on the company’s web site...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio–a key measure...
Strong earnings keep insurers’ stock prices stable; M&A activity remains flat
Jul 24 2006 // Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to...
News Currents
Jul 24 2006 // Reforms pushing California workers’ comp rates, losses down The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March...
Chubb to Discuss 2d Quarter Results in Web Conference
Jul 24 2006 // The Chubb Corporation expects to release second quarter 2006 earnings on Tuesday, July 25, 2006 after the close of the market. The information will be available shortly thereafter on Chubb’s website at...
Reforms pushing California workers’ comp rates, losses down
Jul 24 2006 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March 31, 2006, which suggested legislative reforms are...
U.S. property/casualty industry posts record 1Q profits
Jul 24 2006 // News Currents The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined...
Strong earnings keep insurers’ stock prices stable; M&A activity remains flat
Jul 24 2006 // Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to...
Allstate Beats Wall Street Projections, Ups 2d Quarter Profit 5%
Jul 21 2006 // Allstate Corp. said this week that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and...
Minn. UnitedHealth Says 2nd Quarter Profits Rose by 26.5 Percent
Jul 21 2006 // UnitedHealth Group Inc., America’s second-largest health insurer, said its quarterly profits grew 26.5 percent, as the company benefited from the acquisition of PacifiCare Health Systems and growth across its other...
Same-Sex Couple Cites Loss of Consortium in Conn. Med-Mal Suit
Jul 19 2006 // A same-sex couple has filed a medical malpractice lawsuit that their attorneys say is the first of its kind since Connecticut started allowing gay couples to enter into civil unions. Margaret Mueller and Charlotte Stacey...
Mercury General to Report Second Quarter Results on August 7
Jul 19 2006 // Los Angeles-based Mercury General Corp. reported that on Monday, Aug. 7, 2006, the Company will release results for its second quarter ended June 30, 2006. The company also announced that CEO George Joseph and President...
Mo. Department Revises Workers’ Comp Loss Costs for 2003-2005
Jul 6 2006 // The Missouri Department of Insurance has directed the National Council on Compensation Insurance (NCCI) to revise loss costs for years 2003-2005. According to the statement issued by the Department, historical payrolls...
California Workers’ Compensation Loss Ratios Down Significantly
Jul 6 2006 // The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through March 31, 2006. According to the report, workers’ comp reforms...
