Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Converium Posts $61.6 Million Q1 Net
May 23 2006 // Swiss-based reinsurer Converium bounced back from a first quarter loss in 2005 to post net income of $61.6 million in the first quarter of 2006. The Company’s pre tax operating income, which excludes capital...
Ready, set … recall
May 22 2006 // Editor’s note: This is part 2 of two-part series on product recall. Part 1 appeared in the May 8, 2006, Western region issue of Insurance Journal. Losses resulting from a product recall are generally classified as...
Ready, set … recall
May 22 2006 // Editor’s note: This is part 2 of two-part series on product recall. Part 1 appeared in the May 8, 2006, Western region issue of Insurance Journal. Losses resulting from a product recall are generally classified as...
First quarter financial results upbeat, but some note disaster fallout
May 22 2006 // The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout from last year’s natural disasters. Below are the financial...
SullivanCurtisMonroe CEO says growth, profit and fun equal success
May 22 2006 // Best Practices is a new Insurance Journal column that profiles how some of the nation’s top performing agencies run their operations. IJ’s Publisher Mark Wells recently interviewed William Curtis, managing...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
Fla. legislative package targets Citizens deficits, mitigation; establishes oversight policies
May 22 2006 // The hurricane insurance package passed by the Florida Legislature just before adjournment May 5 is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s,...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
Despite catastrophe losses, soft pricing continues in commercial insurance market, buyers report
May 22 2006 // Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
SullivanCurtisMonroe CEO says growth, profit and fun equal success
May 22 2006 // Best Practices is a new Insurance Journal column that profiles how some of the nation’s top performing agencies run their operations. IJ’s Publisher Mark Wells recently interviewed William Curtis, managing...
News Currents
May 22 2006 // First quarter financial results upbeat, but some note disaster fallout The financial results are in. Insurers generally had positive first quarters, although some were hurt by higher health care costs and continued fallout...
Zurich Q1 Operating Profits Increase by 31% to $1.359 Billion
May 19 2006 // Zurich Financial Services Group announced that its “first quarter 2006 results reflect strong operating performances in all segments of its diversified portfolio.” Notably the Group’s business operating...
Insurance Economist Predicts Profitable 2006, Sees Premium Growth Grinding to a Halt
May 18 2006 // The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, according to Robert P. Hartwig, Insurance Information Institute senior vice president and chief...
Hallmark Reports Increased Revenues
May 16 2006 // Fort Worth-based Hallmark Financial Services Inc. reported operating results for the first quarter of fiscal 2006, indicating higher net income for the quarter ended March 31, 2006, compared to the same period last...
Allianz Posts $2.28 Billion Q1 Net Income; All Sectors Show Gains
May 15 2006 // Germany’s Allianz Group added its numbers to the growing list of companies recording strong first quarter results. The German giant posted €1.779 billion ($2.28 billion) net income for the period, a 34 percent...
R&SA Q1 Operating Profits up 29% to $391 Million
May 12 2006 // The U.K.-based Royal & Sun Alliance (R&SA) posted strong operating results for the first quarter of 2006 with operating profits up 29 percent to £207 million ($391 million), compared to £160 million ($302...
Republic Companies See Higher Revenues in Q1
May 12 2006 // The Republic Companies Group Inc., headquartered in Dallas, reported higher revenues and increased premiums in the first quarter of 2006 compared with the same period in 2005. According to the company, Republic’s...
Hannover Re Q1 Net Income up 7.6% to $136 Million
May 12 2006 // Germany’s Hannover Re’s first quarter earnings report expressed considerable satisfaction with its start to the new financial year. “With our quarterly result we have taken a first major step towards...
