Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
OdysseyRe Posts $96.9 Million Q3 Loss
Oct 28 2005 // Odyssey Re Holdings Corp. joined the Q3 loss parade with a reported net loss of $96.9 million, or $1.51 per diluted share, for the quarter ended September 30, 2005. The figure includes previously announced catastrophe...
ProCentury Sees $6 Mil Hurricane Losses in Q3
Oct 28 2005 // ProCentury Corporation reported after-tax losses for the third quarter from hurricanes Katrina and Rita of approximately $6.0 million, or $0.46 per diluted share, net of expected reinsurance and including estimates of...
Vesta Subsidiary Estimates Hurricane Wilma Losses at $4.5 to $8.5 Million
Oct 28 2005 // Vesta Insurance Group, Inc. announced that its preliminary net loss estimate from Hurricane Wilma for its subsidiary, Florida Select Insurance Company, is expected to be in the range of $4.5 to $8.5 million, after recovery...
Endurance Reports $377 Million Q3 Loss; $170.7 Million for 9-Months
Oct 27 2005 // Bermuda-based Endurance Specialty Holdings Ltd. reported a net loss of $377 million or $6.26 per diluted share for the third quarter of 2005 versus net income of $26.8 million or $0.40 per diluted share in the third...
ACE Reports $112 Million Q3 Net Loss
Oct 27 2005 // Bermuda’s largest insurer, ACE Limited, did a bit better than its counterpart in the third quarter (See previous article), reporting a net loss of “only” $112 million or $(0.43) per common share after...
XL Says Q3 Cats Will Cost $1.47 Billion; Fitch Lowers Ratings
Oct 27 2005 // XL Capital Ltd. will officially announce its third quarter results on Monday, Oct. 31, but it has already indicated in a preliminary announcement that it expects to report an impressive $1.47 billion in net losses for the...
Earnings Up, Losses Down in Commerce Group 3d Quarter
Oct 27 2005 // The Commerce Group, Inc. reported 2005 third quarter results showing increased net earnings and decreased losses. Net earnings were $59.8 million, or $1.77 per diluted share, compared to net earnings of $54.3 million or...
CNA Reports Q3 Results
Oct 27 2005 // CNA Financial Corporation today announced third quarter of 2005 results: — Net income for the third quarter of 2005 of $3 million as compared with a net loss of $27 million in the third quarter of 2004 — Net...
EMC Insurance Group Reports Q3 Results
Oct 27 2005 // EMC Insurance Group Inc. reported record third quarter operating income of $0.56 per share for the quarter ended Sept. 30, 2005 compared to operating income of $0.10 per share for the third quarter of 2004. Operating...
St. Paul Travelers Reports Q3 Results
Oct 27 2005 // The St. Paul Travelers Companies, Inc. today reported net income for the current quarter of $162 million, or $0.24 per basic share and $0.23 per diluted share, compared to net income of $340 million, or $0.51 per basic and...
RMS Ups Wilma Loss Estimates
Oct 27 2005 // Risk Management Solutions (RMS), Newark, Calif., has increased its estimate for U.S. insured losses from Hurricane Wilma to $8 billion to $12 billion. Its original estimate was $6 billion to $10 billion. The estimate...
Fitch: Hurricane Wilma Further Strains a Delicate Florida Insurance Market
Oct 26 2005 // Fitch Ratings today said Hurricane Wilma represents a major blow to an already weak Florida property insurance market. If actual insured losses come in at the high end of the estimated range ($4 billion to $10 billion),...
Ohio Casualty Profits Up in Q3
Oct 26 2005 // Ohio Casualty Corp. y reported a higher profit in the quarter ended Sept. 30. The company announced $55.5 million in net income, or 85 cents per diluted share, in the third quarter, compared with $19.6 million, or 30 cents...
RMS Estimates Wilma Insured Losses Will Total $6 Billion-$10 Billion
Oct 25 2005 // Insured losses in the United States from Hurricane Wilma are likely to range from $6 billion to $10 billion, predicted Risk Management Solutions (RMS). The Newark, Calif.-based company said its estimate is based on current...
Hurricane Wilma Losses on Florida’s West Coast Estimated at $6B to $9B
Oct 24 2005 // Catastrophe risk modeling company AIR Worldwide Corporation estimates U.S. insured losses from Hurricane Wilma at $6 billion to $9 billion. Wilma strengthened overnight and made landfall at 6:30 a.m. this morning at Cape...
Crawford & Co. Reports Third Quarter Results; Hurricanes Reduced Income
Oct 24 2005 // Atlanta-based Crawford & Company, an independent provider of claims management solutions to insurance companies and self-insured entities, has announced its financial results for the third quarter ended Sept. 30,...
RLI Posts Solid Q3 Results
Oct 18 2005 // Specialty insurer RLI Corp. reported third quarter net earnings of $25.3 million ($0.96 per diluted share), compared to $8.3 million ($0.32 per diluted share) reported in the same quarter last year. Through September 30,...
Safeco Unveils Q3 Report; Hurricanes Play Major Role
Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...
Best’s Loss Control Manual Includes Risk Info on Public Bus Companies, Apiaries, and More
Oct 18 2005 // Risk management professionals and insurance underwriters will reportedly enhance their understanding of industrial and commercial risks, as A.M. Best Co. releases the third and final flow of its 2005 Best’s Loss...
A.M. Best: P/C Insurers Report Strong Gains for First Half of 2005
Oct 17 2005 // The U.S. property/casualty industry recorded an underwriting profit of $13.2 billion during the first six months of 2005, a substantial gain from the record results posted during the comparable period of 2004, according to...
