Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Allianz Nearly Triples 4Q Profit
Mar 17 2006 // Insurer Allianz Group said Thursday its fourth-quarter profit nearly tripled as earnings in its banking and asset-management units and improved investment income protected it from losses related to last year’s...
North Pointe Holdings Corp. Reports Fourth Quarter Results
Mar 17 2006 // Southfield, Mich.-based North Pointe Holdings Corporation reported financial results for the fourth quarter ending December 31, 2005. Fourth quarter results include pre-tax expenses attributable to hurricane losses and...
Most Losses in Texas Panhandle Fires Are Uninsured
Mar 16 2006 // Wildfires in the Texas panhandle have blackened hundreds of thousands of acres and leveled ranch houses and barns in its path. Unfortunately, most of the destruction including ranch land and cattle has been uninsured,...
AIG Issues 2005 Annual Report; Net Income for Year was $10.48B
Mar 16 2006 // American International Group Inc. (AIG) has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2005 with the Securities and Exchange Commission. Net income for the full year 2005 was $10.48 billion or $3.99...
Ebix Inc. Sees 20.6% Revenue Gain
Mar 15 2006 // Atlanta-based Ebix Inc., which provides software and IT services to the insurance industry, said in a report on its financial results for the fourth quarter and year ended Dec. 31, that its revenue rose 20.6 percent in...
American Physicians Service Group Sees Increased Q4, Annual Results
Mar 15 2006 // Austin, Texas-based American Physicians Service Group Inc. announced revenue increases for the fourth quarter and year-end 2005. APS is a management and financial services firm with subsidiaries and affiliates, which...
Munich Re’s 4Q Profit Quadruples Despite Gulf
Mar 15 2006 // Munich Re AG, the world’s largest reinsurer by gross premiums, said Tuesday its fourth-quarter profit quadrupled and its annual earnings rose despite the furious series of hurricanes that struck the Gulf of Mexico...
Hiscox Weathers Hurricanes, But 2005 Profits Decrease
Mar 14 2006 // Hiscox Plc, the U.K.-based Lloyd’s and specialty insurer, released its 2005 preliminary results on Monday, March 13. Although Hiscox was one of many companies whose earnings were adversely affected by last...
Safety Insurance Net Income Soared in 2005; Loss Ratio Improves 10 Points
Mar 12 2006 // Safety Insurance Group, Inc. in Massachusetts reported net income for 2005 was $95.2 million, or $5.97 per diluted share, compared to $45.0 million, or $2.90 per diluted share, for 2004. Safety’s book value per share...
Southwest Risk Launches Apartment Guard Loss Control Program
Mar 10 2006 // Southwest Risk, LP, a wholesale broker in Dallas, Texas, announced the launch of Apartment Guard, a proprietary loss control program for apartments. Apartment Guard is designed to educate apartment property owners,...
R&SA 2005 Operating Profits Soar 171% to $1.215 Billion
Mar 10 2006 // The restructuring efforts at the U.K.’s Royal & SunAlliance paid off handsomely in 2005. The Group reported a 171 percent increase in operating profits to £698 million ($1.215 billion), compared to £258...
IBHS Annual Conference to Focus on Property Loss Reduction
Mar 10 2006 // “Making the Right Connections” is the theme for the Institute for Business & Home Safety’s (IBHS) 2006 Annual Conference on Property Loss Reduction. The event is scheduled for Nov. 16-17 at the...
JLT 2005 Profits Down 20%
Mar 8 2006 // Jardine Lloyd Thompson Group plc. has reported a 20 percent drop in pretax profits in its preliminary earnings report. The U.K.’s largest insurance broker said that profit “before tax, exceptional items and...
Ark. to Extend Insurance Program to Low-Income Workers
Mar 8 2006 // The Bush administration has approved an Arkansas program to offer insurance to thousand of low-income workers, a spokesman for Gov. Mike Huckabee said. Huckabee was scheduled to announce the plan, expected to affect 80,000...
Generali Posts 15% 2005 Profit Rise to $2.3 Billion; Unveils Growth Plan
Mar 7 2006 // The Generali Group announced impressive preliminary results for 2005 and an ambitious growth plan at a general meeting yesterday, March 6, in Milan. 2005 profits rose 15 percent to €1.918 billion ($2.3 billion). The...
Reinsurance Ruling Reduces Cigna Net Income by $14 Million
Mar 7 2006 // Cigna Corporation in Philadelpha today reported that it has received an adverse ruling from a London arbitration panel concerning a dispute over a retrocessional reinsurance arrangement related to a portion of its runoff...
TWIA to present Texas Legislature with a two-fold agenda
Mar 6 2006 // Unlike insurers of last resort in states like Louisiana and Florida, the Texas Windstorm Insurance Association does not enjoy federal tax-exempt status. TWIA’s Board of Directors and its Executive Director Jim Oliver...
SCOR Premium Income up 25%
Mar 6 2006 // France’s SCOR Group noted a 25 percent rise in worldwide premium income follwing the January renewal season. Non- life and credit & surety treaties totaled €1.041 billion ($1.256 billion). The reinsurer said...
Bancinsurance Corp. Lists Record Earnings for 2005
Mar 3 2006 // Ohio-based Bancinsurance Corporation, a specialty property and casualty insurance holding company, released its financial results for the three and twelve months ended December 31, 2005. Highlights for the 2005 fiscal year...
R&M Releases Historical Loss Study
Mar 3 2006 // Dublin-based Research and Markets has announced the addition of “Historical Loss Development Study – 2005” to their offering. The bulletin notes that the study “has been produced since 1969 to...
