Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Premiums, Income Down for Mich.-based North Pointe in Q1
May 12 2006 // North Pointe Holdings Corporation, Southfield, Mich., reported financial results for the first quarter ended March 31, 2006. According to the company, gross premiums written amounted to $45.6 million in the first quarter...
AIG Reports 1st Quarter Net Income of $3.2 Billion
May 11 2006 // American International Group, Inc. (AIG) has reported that its net income for the first quarter 2006 was $3.20 billion or $1.22 per diluted share, compared to $3.80 billion or $1.45 per diluted share in the first quarter...
AXA Posts Strong Q1 Results
May 11 2006 // France’s AXA Group’s earnings figures for the first quarter of 2006 show strong growth in its three main sectors of operation – summarized as follows: — Life & Savings entities new business up...
N.H. Court: ‘Loss of Familial Relationship” Not Separate Claim
May 11 2006 // The New Hampshire Supreme Court recently ruled that a loss of “familial relationship” caused by the death of a child does not constitute a separate and additional bodily injury claim to trigger an insurance...
Munich Re Posts $1.25 Billion Q1 Profit
May 10 2006 // Despite slightly higher claims costs of €274 million ($350 million) Munich Re’s first quarter net profits rose 41.7 percent to €979 million ($1.25 billion) after tax. Operating profits were up by 29.4 percent to...
Gainsco Reports Lower Net Income for Q1 2006
May 10 2006 // Dallas-based Gainsco Inc., a provider of nonstandard personal automobile insurance products, reported net income for the first quarter 2006 of $0.7 million. For the first quarter 2005, net income was $1.1 million. Net loss...
Despite Hurricane Losses, Soft Insurance Market Continues
May 9 2006 // Although property & 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...
