Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
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...
