Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
PXRE to Announce Q1 Earnings Today; Holds Conference Call
May 9 2006 // The Bermuda-based PXRE Group Ltd., a provider of reinsurance products and services to a worldwide marketplace, will release its 2006 first quarter financial results after the market close today Tuesday, May 9, 2006. The...
Fremont Michigan InsuraCorp Sees Increased Profitability in Q1
May 9 2006 // Fremont Michigan InsuraCorp Inc. a Michigan-based provider of property and casualty insurance, announced first-quarter 2006 operating results including its wholly owned subsidiary, Fremont Insurance Company, highlighted by...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 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, but the industry also should keep...
READY, SET………..RECALL!!!
May 8 2006 // Protecting the consumer is the number one priority in a product recall. The challenge is, can you do so without crippling your business? For large and small consumer goods manufacturers and distributors, recalls can cost...
Ready, Set … Recall!!!
May 8 2006 // Protecting the consumer is the number one priority in a product recall. The challenge is, can you do so without crippling your business? For consumer goods manufacturers and distributors, recalls can cost millions of...
Survey: Risk managers spent more on disaster preparedness, catastrophe management
May 8 2006 // Spending for loss control services increased or remained flat for a majority of organizations in the past year, and the greatest spending increases occurred in such areas as disaster preparedness and catastrophe...
INSURERS TO PAY $1.38 BILLION FOR Q1 LOSSES
May 8 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...
Sound risk management, investment plus for insurers
May 8 2006 // U.S. property/casualty insurers managed to increase earnings and add to their capital base in 2005 despite record catastrophe losses, according to Insurance Services Office (ISO) and the Property Casualty Insurers...
