Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Brown & Brown Announces 16.3% Increase in First Quarter Net Income
Apr 25 2006 // Brown & Brown Inc., with headquarters in Daytona Beach and Tampa, Fla. has announced new records for its net income and net income per share in the first quarter. Net income per share for the quarter ended March 31...
Everest Re Q1 Operating Income Falls 4.5% to $157.9 Million
Apr 25 2006 // The Bermuda-based Everest Re Group, Ltd. reported first quarter 2006 after-tax operating income, which excludes realized capital gains and losses, of $157.9 million, or $2.41 per diluted share, a 4.5 percent decrease...
Partner Re Posts 73.4% Q1 Net Income Gain to $193.2 Million
Apr 25 2006 // Bermuda’s PartnerRe Ltd. reported net income of $193.2 million, or $3.21 per share on a fully diluted basis, for the first quarter of 2006, a 73.4 percent rise. Net income includes net after-tax realized gains on...
Despite Weather, Donegal Group Reports Solid 1st Quarter
Apr 24 2006 // Donegal Group Inc. reported continued positive underwriting results and an increase in net income of 8.5 percent, bringing it to $9.1 million or $.36 per share, for the first quarter. That compared to $8,417,088, or $.34...
W.R. Berkley to Announce Q1 Earnings on April 24
Apr 21 2006 // W. R. Berkley Corporation announced that it will release its first quarter 2006 earnings after 5:00 p.m. ET on Monday, April 24, 2006. A copy of the earnings release will be available on the company’s website at...
Everest Re to Release Q1 Earnings April 24
Apr 21 2006 // The Bermuda-based Everest Re Group, Ltd. announced that it will release its First Quarter 2006 earnings after the close of trading on the NYSE on April 24, 2006. A conference call discussing the results will be held at...
Mercury General Corp. to Report First Quarter Results on May 8, 2006
Apr 20 2006 // Los Angeles-based Mercury General Corp. reported that on May 8, it will release results for its first quarter ended March 31, 2006. The CEO George Joseph and President, Gabriel Tirador, will host an investor conference...
Insurers Expected to Pay $1.38B for Q1 Cat Losses
Apr 20 2006 // U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis...
Ohio-Based The Midland Company Reports First Quarter Results
Apr 20 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, announced record results for the first quarter ending March 31, 2006, according to a written statement issued this week. The...
RMS Estimates Repeat of 1906 San Francisco Quake Would Cause $50 Billion to $80 Billion in Insured Losses
Apr 19 2006 // Based on 2006 population and property exposures in the San Francisco Bay area, Risk Management Solutions, Newark, Calif., estimates there would be at least $260 billion in damages to residential and commercial exposures if...
Fla. Commissioner Encouraging Insurers to Use Loss Mitigation
Apr 19 2006 // Property insurers in Florida are being contacted by Insurance Commissioner Kevin McCarty, to participate in a program that focuses on hurricane loss mitigation at local venues around the state. The Federal Alliance for...
Okla. Tax Proposals: Boon for Companies-Including Insurers-and Wealthy?
Apr 18 2006 // Two tax-credit programs now under intense legislative scrutiny could mean some of Oklahoma’s wealthiest taxpayers, both individuals and corporations, will pay no state income taxes for up to 10 years, officials...
RLI Corp. Posts Strong 1st Quarter Results; Hosts Conference Call Today
Apr 18 2006 // Peoria, Ill.-based RLI Corp. reported first quarter net earnings of $25.7 million compared to $29.3 million reported in the same quarter last year. Operating earnings were $22.8 million ($0.86 per share) for the first...
Sound Risk Management, Strong Investment Results Prove Positive for P/C Industry
Apr 18 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to ISO and the Property Casualty Insurers Association of America (PCI). Sound...
Private Firms Seize Profit Opportunities in Emergency Services
Apr 17 2006 // If government can’t do it, business will. Once the domain of government and charitable relief groups, hurricane response and preparedness are a booming billion-dollar business — from the self-heating food packets...
$960M in Unanticipated Fla. Revenue Could Provide Rate Relief
Apr 17 2006 // The Florida General Revenue Estimating Conference has released new estimates stating Florida is expected to receive an additional $960 million in unanticipated revenue this year and the next. This estimate is in addition...
Mass. makes health insurance history by making it compulsorypq”The state says the uninsured tend to be low income, par
Apr 17 2006 // Everyone pays their part: individuals, government, health care providers and employers,” proclaims the document outlining the latest plan to expand health insurance to all citizens in Massachusetts. The Commonwealth...
Editor’s Note: Close to home: 1906 revisited
Apr 17 2006 // If an earthquake similar to that of the 1906 San Francisco quake were to hit a metropolitan area, today, the losses would be staggering. April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a...
The language gives rise to a chicken or egg conundrum: Must the ensuing loss follow the mold, or is mold covered if it e
Apr 17 2006 // The debate over ‘ensuing loss’ continues Mold ‘crisis’ put spotlight on policy language Despite all the recent changes in policy forms, a number of claims still exist under policies using...
AOL ad revenue class action suit settled for $2.6 billion
Apr 17 2006 // A judge approved a $2.65 billion class-action settlement of claims that ad revenue was counted in a fraudulent manner prior to the merger of America Online and Time Warner. U.S. District Judge Shirley Wohl Kram signed a...
