Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Transatlantic Updates Q3 Losses
Oct 17 2005 // Transatlantic Holdings Inc. announced that its preliminary estimate of pre-tax cost, net of reinsurance, related to Hurricane Rita approximates $50 million, or $33 million on an after-tax basis for the full year of...
Brown & Brown Reports New Records for Revenues, Income in Q3 Numbers
Oct 17 2005 // Florida-based Brown & Brown Inc. announced net income for the third quarter of 2005 of $34,783,000, or $0.50 per share, an increase of 15.6% from the $30,086,000, or $0.43 per share, reported for the quarter ended...
WCIRB Survey Indicates California Workers’ Comp Reform is Working
Oct 17 2005 // State workers’ compensation claims and disability costs have dropped significantly since California’s workers’ compensation system was overhauled in 2003 and 2004, according to the Workers’...
As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // As a direct result of the Agricultural Risk Protection Act of 2000 (ARPA), more farmers are insuring their cropland. Nationwide, insured acres have increased by 14.6 million acres, and coverage has increased by $12.2...
As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // With Katrina’s impact yet to be felt, farmers in low loss-ratio states may have to pick up the slack for the hard-hit Gulf Coast farmers in months and years to come. If anything, the aftermath of Katrina underlines...
As Insured Acres Increase Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // As a direct result of the Agricultural Risk Protection Act of 2000 (ARPA), more farmers are insuring their cropland. Nationwide, insured acres have increased by 14.6 million acres and coverage increased by $12.2 billion...
Dual Hurricanes Blew in Big Problems for Agribusiness in Louisiana,Texas
Oct 17 2005 // In addition to the immense destruction in heavily populated urban centers and coastal communities caused by Hurricanes Katrina and Rita, which hit the Gulf Coast region in August and September 2005, agricultural interests...
As Insured Acres Increase, Are Farmers Subsidizing High-Risk States?
Oct 17 2005 // As a direct result of the Agricultural Risk Protection Act of 2000 more farmers are insuring their cropland. Nationwide, insured acres have increased by 14.6 million acres and coverage increased by $12.2 billion over the...
