Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
AWAC Post $203.5 Million Q3 Loss; $67.6 Million for 9 Months
Nov 4 2005 // Allied World Assurance Holdings, Ltd. [AWAC] has reported a net loss of $203.5 million for the third quarter of 2005, compared to a net loss of $64.7 million for the same period last year. The figure reflects a $290...
Aon Reports Q3 Results
Nov 3 2005 // Aon Corporation today reported net income of $122 million or $0.36 per share in both the third quarter of 2005 and 2004. Third-quarter 2005 net income from continuing operations increased 7 percent to $121 million or $0.36...
Majority of Hurricane Rita’s $4.7 Billion in Losses Sustained in La., Texas
Nov 2 2005 // The Insurance Council of Texas reported that property and casualty losses from Hurricane Rita are expected to hit $4.7 billion with the majority of losses sustained in Texas and Louisiana. According to the Insurance...
Cincinnati Financial Reports Q3 Results
Nov 2 2005 // Cincinnati Financial reported a 30 percent increase in net income and operating gains of 13.5 percent for third-quarter 2005. Pretax investment income grew 7.7 percent for three months and 6.9 percent for nine months....
Mercer Insurance Group Reports Positive Numbers for Q3
Nov 2 2005 // Mercer Insurance Group Inc. reported its operating results for the quarter and nine months ended Sept. 30, 2005. Mercer Insurance Group Inc. (the Company) offers commercial and personal lines of insurance to businesses and...
Horace Mann Reports Q3 Results
Nov 2 2005 // Horace Mann Educators Corporation today reported net income of $1.0 million (2 cents per share) and $61.2 million ($1.32 per share), respectively, for the three and nine months ended Sept. 30, 2005, compared to a net loss...
Willis Group Unveils Q3 Report
Nov 2 2005 // Willis Group Holdings Limited, the global insurance broker, reported results for the quarter and nine months ended Sept. 30, 2005. Net income for the quarter ended Sept. 30, 2005 was $49 million, or $0.30 per diluted...
Montpelier Re: Net Loss in Q3 of $875M
Nov 2 2005 // Bermuda-based Montpelier Re Holdings Ltd. reported a net loss of $875.1 million, or $12.16 loss per share, for the three months to Sept. 30, 2005 and a net loss of $691.9 million, or $10.49 loss per share, for the first...
Marsh Boosts Profits in 3rd Quarter; Says Restructuring for 2006 on Target
Nov 1 2005 // Marsh & McLennan Companies, Inc. today reported that net income for the third quarter was $65 million, or $.12 per share, an increase from $21 million, or $.04 per share, in the third quarter of 2004 Consolidated...
White Mountains Notes Book Value Per Share of $345
Nov 1 2005 // Bermuda-based White Mountains Insurance Group Ltd. ended the third quarter of 2005 with a fully converted tangible book value per share of $345, down $14 from the second quarter of 2005 primarily due to the Gulf Coast...
eAuto Claims Announces $2.4M Losses, $27M Accumulated Deficit
Nov 1 2005 // eAuto Claims, an auto technology company based in Oldsmar, Fla. has announced it has lost $2.4 million, or 8 cents a share, on revenue of $14.7 million for the 2005 year end compared with a net loss of $2.2 million, or 9...
ISO: Insurers to Pay Hurricane Rita’s Victims $4.7B for Insured Property Losses
Nov 1 2005 // U.S. property/casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by Hurricane Rita, according to preliminary analysis by ISO’s...
Max Re Q3 Loss $41 Million; $18 Million 9 Month Profit
Oct 31 2005 // Bermuda-based Max Re Capital Ltd. Came off better than many of its peers in the third quarter. It still posted a net loss of $41 million, or 89 cents per diluted share, compared to a net loss of $9 million, or 20 cents per...
Aspen Posts $362 Million Q3 Net Loss; $208 Million for 9 Months
Oct 31 2005 // Bermuda-based Aspen Insurance Holdings Limited didn’t escape the Q3 carnage either. It reported a net loss of $362 million for the period, or $5.22 per diluted share, and a $208.1 million net loss, or $3.00 per...
TRH Posts $144.2 Million Q3 Loss
Oct 31 2005 // Transatlantic Holdings, Inc. (TRH) joined the roster of third quarter hurricane victims, posting a $144.2 net loss for the period, or $2.19 per common share (diluted), compared to a net loss of $21.8 million, or 33 cents...
Ebix Reports 54 Percent Increase, Record $1.08 Per Share
Oct 31 2005 // Atlanta-based Ebix Inc., an international provider of software services and IT solutions to the insurance industry, reported financial results for the third quarter and nine months ended Sept. 30. Ebix’s total...
Mercury General Notes Q3 Results
Oct 31 2005 // Mercury General Corporation reported Monday net income rose to $73.0 million ($1.33 per share-diluted) in the third quarter 2005 compared with $65.1 million ($1.19 per share-diluted) for the same period in 2004. For the...
Arch Capital Posts $86.3 Million Q3 Loss from Hurricanes
Oct 28 2005 // The Bermuda-based Arch Capital Group Ltd. has duly taken its turn at the hurricane whipping post, reporting a third quarter net loss of $86.3 million, or $1.15 per share â??on a pro forma basisâ?? (explained in a...
PXRE Posts $317.3 Million Q3 Net Loss
Oct 28 2005 // The Bermuda-based PXRE Group Ltd. also fell victim to the third quarter disaster, posting a net loss of $317.3 million, compared to a net loss of $73.2 million in the third quarter of 2004, which wasn’t particularly...
