Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Atlantic American Unveils Q2 Numbers
Aug 18 2005 // Atlanta-based Atlantic American Corp. announced net income of $1.2 million, or $0.04 per diluted share, for the second quarter ended June 30, 2005, compared to net income of $1.1 million, or $0.04 per diluted share, for...
Eureko Reports 39% Net Income Gain for 1st 6 Months to $415 Million
Aug 17 2005 // The Netherlands-based Eureko Group joined the parade of insurance companies that have enjoyed a good first half. The company announced a 39 percent increase in net income during the period to 338 million euros ($415...
QBE Reports Record $375 Million 1st Half Profit
Aug 17 2005 // Australia’s QBE Insurance Group announced a record profit after tax of A$491 million (US$375 million) for the half year to 30 June 2005, an increase of 43 percent on the profit after tax of A$343 million (US$262...
Kansas, Missouri Insurers Grew Profits in 2004
Aug 15 2005 // Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc. In Kansas, 22 property...
National Interstate Notes Q2 Results
Aug 15 2005 // National Interstate Corporation on Monday reported net income for the second quarter ended June 30, 2005 of $7.0 million ($.36 per share diluted) compared to $6.4 million ($.42 per share diluted) for the 2004 second...
S&P Affirms Willis ‘BBB-‘ Ratings
Aug 12 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “BBB-” counterparty credit and senior unsecured debt ratings on Willis Group Holdings Ltd. and has revised the outlook to stable...
Aviva 1st Half Operating Profit up 21%; Sharman Replaces Gyllenhammar as Board Chairman
Aug 11 2005 // The U.K.’s largest insurer, Aviva Plc reported strong first half results with worldwide operating profit up 21 percent to 1.318 billion pounds ($2.38 billion), compared to 1.076 billion pounds ($1.94 billion) in the...
Hannover Re Q2 Net Up 6%; $284 Million for 1st Half
Aug 11 2005 // Hannover Re reported solid profits in the second quarter of 2005, earning 121.4 million euros ($150.6 million), a 6 percent gain, compared to the 114.6 million euros ($142.2 million) earned in the same period of 2004. The...
Insurance Industry Share of Weather-Related Losses Rising, with 60% Tied to Small Events
Aug 11 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
Allianz Announces Q2 Results; Net Income Rises 65% to $1.72 Billion
Aug 10 2005 // Germany’s Allianz announced impressive results for the second quarter of 2005 with gross revenues up 6.6 percent from 22.2 billion euros ($27.4 billion) to 23.7 billion euros ($29.3 billion). Operating profits...
Gallagher, Crist Withdraw Proposed Rule to Give Insurance Companies Higher Profits
Aug 10 2005 // A proposed rule that would have explicitly given insurance companies the option to seek higher profits, scheduled to be approved Tuesday by the Florida Cabinet, was withdrawn on Tuesday by Tom Gallagher, Florida’s...
Wharton Study Recommends Short-Term TRIA Renewal, Study of Long-Term Solution
Aug 10 2005 // A 224-page report from the Wharton School at the University of Pennsylvania recommends that Congress renew the current federal Terrorism Risk Insurance Act backstop but “only for a relatively short period of...
Converium Posts $49.2 Million Pre-tax Q2 Net Income
Aug 9 2005 // Swiss-based Converium bounced back from a $61.8 million first quarter loss to post a profit of $49.2 million before taxes. Pre-tax operating income was $60.7 million and net income amounted to $70.8 million. The company...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
HURRICANE DENNIS LOSSES TOP $10 MILLION
Aug 8 2005 // As claims reportedly continue to pour in, Georgia Insurance Commissioner John Oxendine said insured losses in Georgia from Hurricane Dennis now exceed $10 million. “Damage to insured homes, vehicles and businesses is...
Broadening Club Coverage in a Softening Market
Aug 8 2005 // The softening market has provided some welcome price relief for golf and country clubs, which had weathered significantly higher premiums in the last few years. To agents and brokers writing golf and club business, this is...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
Allied World Assurance Reports Gain in Q2 Income from 2004
Aug 5 2005 // Bermuda-based Allied World Assurance Holdings Ltd. has reported net income of $75.3 million for the second quarter 2005, compared to $69.4 million for the second quarter last year, an increase of 8.4%. Net income for the...
Cincinnati Financial Profits Up in Q2
Aug 4 2005 // Cincinnati Financial Corp. said profit in the second-quarter rose nearly 2 percent, as lower catastrophe losses helped the company surpass analyst estimates. But catastrophe losses are typically worst during the third...
SCPIE Holdings Announces 2005 Second-Quarter and First-Half Results
Aug 4 2005 // Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported continued improved results for its second quarter and first half ended June 30, 2005. For the 2005 second quarter, SCPIE...
