Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
News Briefs
Nov 20 2005 // Q3 Insured Losses an All-Time Record: Pummeled by Hurricane Katrina and six other natural catastrophes in the third quarter, U.S. property/casualty insurers paid an all-time record $40.8 billion to homeowners and...
CORRECTION: Brit Estimates Wilma Claims at $65 Million; Total Hurricane Losses at $316.5 Million
Nov 16 2005 // The original article contained a significant mathematical error. U.K.-based international insurer and reinsurer, Brit Insurance Holdings PLC, announced that claims arising from Hurricane Wilma, net of reinsurance...
St. Paul Travelers: Initial Wilma Losses About $220M After Tax
Nov 16 2005 // The St. Paul Travelers Companies Inc. announced that its preliminary estimate for catastrophe losses relating to Hurricane Wilma is approximately $220 million, after tax, net of reinsurance. This amount is based upon an...
Employers, Employees Could Be Hurt by Disability Income Insurance Changes, Study Says
Nov 15 2005 // Proposed changes in the regulation of disability income insurance in California could significantly increase the cost of coverage and discourage some injured employees from returning to work, according to a study released...
Allianz Posts $934 Million Q3 Profit Despite Hurricane, Flood Losses
Nov 14 2005 // Germany’s Allianz had a very successful third quarter with net income up 70 percent to €794 million ($934 million) and €1.7 billion (2 billion) operating profit,” despite,” said the company’s...
PAULA Financial Unveils Q3 Numbers; Declares Quarterly Cash Dividend
Nov 14 2005 // California-based PAULA Financial has reported net income for the third quarter of 2005 of $218,000 or $0.03 per share compared to $142,000 or $0.02 per share for the 2004 period. For the nine months ended Sept. 30, 2005,...
AIG Sees Q3 Net of $1.72 Billion
Nov 14 2005 // American International Group Inc. (AIG) has filed its Quarterly Report on Form 10-Q for the period ended Sept. 30, 2005 with the Securities and Exchange Commission. Third quarter 2005 net income was $1.72 billion or $0.65...
Specialty Underwriters Report Q3 Loss
Nov 11 2005 // Specialty Underwriters’ Alliance, Inc. today reported a net loss of $4.8 million for the quarter ended Sept. 30, 2005. Total revenues were $9.1 million, comprised of earned insurance premiums of $8.2 million and...
Arch Capital Sees Wilma Losses in the Range of $40-$60 Million
Nov 11 2005 // Bermuda-based Arch Capital Group Ltd. announced that it expects after-tax earnings for the 2005 fourth quarter to be negatively impacted by the effects of Hurricane Wilma in the range of $40 million to $60 million based on...
PXRE Preliminary Loss Estimates on Wilma $75 to $90 Million
Nov 10 2005 // The Bermuda-based PXRE Group Ltd. announced that its preliminary estimate of the net impact from Hurricane Wilma is between $75 million and $90 million, net of reinsurance, reinstatement premiums and tax. PXRE said the...
Hannover Re Posts 9 Month Losses over $1 Billion
Nov 10 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, has been hit with a commensurately large share of the losses from Katrina, Rita et. al. The company’s 9 month report notes an “exceptional...
Safeco Sees After-Tax Losses from Wilma at $29 Million
Nov 10 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. These figures...
North Pointe Posts Q3 Results
Nov 10 2005 // North Pointe Holdings Corporation today reported financial results for the third quarter ended Sept. 30, 2005. Net income in the third quarter increased to $511,000 from a loss of $206,000 in the prior year period....
Insurance Auto Auctions Announces Improved Q3 Results
Nov 10 2005 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced record vehicle returns during the third quarter. These results were driven by increased buying...
National Interstate Releases Q3 Results
Nov 9 2005 // National Interstate Corporation reported net income for the third quarter ended September 30, 2005 of $8.2 million ($.43 per share diluted), compared to $4.7 million ($.31 per share diluted) for the third quarter of 2004....
Ind. Tornado Losses Top $10 Million
Nov 9 2005 // Preliminary estimates for insured losses arising from the surprise tornado that struck southern Indiana on Sunday stands at $10 million, according to the Insurance Institute of Indiana. Twenty-two people died and about 230...
Katrina, Rita Hit James River in Q3
Nov 8 2005 // James River Group Inc. in Chapel Hill, N.C. reported a net loss of $9.5 million for the third quarter of 2005 compared to net income of $3.0 million for the third quarter of 2004. The net loss for the third quarter of 2005...
Hallmark Financial Services Sees Increased Revenues in Q3
Nov 8 2005 // Hallmark Financial Services Inc. announced operating results for the third quarter ended Sept. 30, 2005, reporting that total revenues were $25.2 million, a 60.9 percent increase over the $15.6 million in total revenues...
International Newsbriefs
Nov 7 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...
News Briefs
Nov 6 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...
