Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Affirmative Insurance Holdings Sees Gain in Q1 Net Income From a Year Ago
May 12 2005 // Texas-based Affirmative Insurance Holdings Inc., a producer and provider of personal non-standard automobile insurance, announced financial results for the quarter ended March 31, 2005. Highlights for the company’s...
Executive Life Action Network Notes Opportunity to Recover Losses
May 12 2005 // The Executive Life Action Network, (http://www.executivelife.org/ ), an activist group of former Executive Life Insurance Co. policyholders, said Thursday the recent jury verdict that found the holding company controlled...
NAMIC: N.D. Loss-History Bill Will Have ‘Immediate Impact’
May 11 2005 // Legislation enacted by the North Dakota legislature will have “a fundamental and immediate impact” on how insurers conduct business in the state, according to a spokesman from the Indianapolis-based National...
Converium Posts $61.8 Million Q1 Loss
May 10 2005 // Swiss-based Converium announced a $61.8 million loss for the first quarter of 2005, compared to a $65.7 percent profit in the same period last year. It also recorded a pre-tax operating loss (which excludes gains/losses on...
Munich Re Q1 Profits Boosted by Investment Gains
May 10 2005 // Munich Re posted a 26.7 percent increase in its consolidated results for the first quarter of 2001, earning a net profit of 688 million euros ($882.7 million), compared to 543 million euros ($696.7 million) in the same...
Horace Mann’s Q1 Net Income Up 22% From Year Ago
May 10 2005 // Springfield, Ill.-based teacher insurer Horace Mann Educators Corp. reported net income of $26.6 million, or 57 cents per share, for the first quarter, compared to $21.7 million, or 47 cents per share, for the same period...
Conning Research: Look for P/C Underwriting Profit Again in 2005; Concerns for 2006
May 10 2005 // The property/casualty industry can look forward to another year of underwriting profits, assuming normal catastrophic losses of $13-14 billion, according to a new study by Conning Research and Consulting Inc. However, the...
Allianz Q1 Results Show Continued Growth
May 9 2005 // Germany’s Allianz announced that the “positive earnings trend” it experienced in 2004 has continued into the first quarter of 2005. According to preliminary figures net income for the period exceeded 1.1...
Pa. Hospitals Paying 2.6% of Patient Revenues for Med-Mal Expenses
May 9 2005 // Pennsylvania’s 182 general acute care hospitals reported a total of $636 million in medical malpractice expenses in fiscal year 2004, according to a research report from the Pennsylvania Health Care Cost Containment...
AIA: LOSS HISTORY BILL GOES TOO FAR
May 9 2005 // The American Insurance Association said that North Dakota’s Senate Bill 2186 goes too far in regulating the use of loss history reports for homeowners insurance and plans to ask Republican Gov. John Hoeven to veto...
The Facts About Credit Information and Insurance
May 9 2005 // The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used...
Purmort Insurance Agency’s Family Tree’s Roots Go Back to 1876
May 9 2005 // When I stepped from the hot sunshine and left the traffic speeding along Sarasota, Fla.’s busy Bee Ridge Road into Al Purmort Insurance Agency Inc.’s cool air-conditioned lobby, it was like taking a step back...
How to Own an Insurance Company
May 9 2005 // Purchasing a Shell Could be a Smart Move for Some Profit-Seeking Brokers Oft times, managing general agents, wholesalers and insurance brokers feel they are inadequately compensated for the important services they provide...
Argonaut Group Reports Strong Results for Q1 2005
May 6 2005 // San Antonio-based Argonaut Group Inc. announced financial results for the three months ended March 31, 2005, reporting increased income and lower combine ratio compared with the first quarter of 2004. Highlights for the...
RTW Reports 13th Consecutive Profitable Quarter
May 5 2005 // Minneapolis-based RTW Inc., a leading provider of products and services to cost-effectively manage both insured and self-insured workers’ compensation programs, reported net income for the first quarter ended March...
Kingsway Grows Net Income by 52%
May 5 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results in Canadian dollars for the first quarter ended March 31, 2005. The company has decided to defer its change to U.S. dollar reporting until the end...
NCCI State of the Line Report: Workers’ Comp Combined Ratio Best Since 1997
May 5 2005 // The workers’ compensation calendar year combined ratio dropped four points to 105 percent, the best performance for the first time since 1997, according to NCCI Holdings Inc.’s State of the Line preliminary...
St. Paul Travelers Q1 Increase Sets Record; Fishman Pleased with Start to the Year
May 4 2005 // St. Paul Travelers Companies Inc. on Wednesday reported income from continuing operations of $877 million for the quarter ended March 31, 2005, or $1.31 per basic share and $1.25 per diluted share, compared to $587...
Pa. Hospitals Paying 2.6% of Patient Revenues for Med-Mal Expenses
May 3 2005 // Pennsylvania’s 182 general acute care hospitals reported a total of $636 million in medical malpractice expenses in fiscal year 2004, according to a research report from the Pennsylvania Health Care Cost Containment...
MMC Unveils Q1 Numbers; Cherkasky: Steps Taken to Make Us Stronger
May 3 2005 // Marsh & McLennan Companies Inc. (MMC) on Tuesday reported financial results for the quarter ended March 31, 2005. Consolidated revenues totaled $3.2 billion, and net income was $134 million, or $.25 per share. These...
