Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Zurich Q1 Net up 21% to $779 Million
May 19 2005 // Zurich Financial Services Group reported strong growth in net income in the first quarter of 2005 with net income up 21 percent to $779 million, compared to $644 million in the first quarter of 2004. Other highlights...
Argonaut Group Expands with Launch of Argonaut Specialty
May 19 2005 // Argonaut Group Inc. is expanding its commitment to the wholesale insurance market with the creation of a new company, Argonaut Specialty, which will target accounts that are somewhat larger than those currently handled by...
Amlin Issues AGM Statement
May 18 2005 // Leading Lloyd’s insurer Amlin plc announced that it will provide an update to its Syndicate 2001’s forecasts for the 2003 and 2004 years of account and will comment on current trading at its Annual General...
Almost 3,000 Attended Fla. Town Hall Meetings; DFS Reports Results
May 17 2005 // Almost 3,000 Floridians attended seven town hall meetings held between March 2 and April 9 around the state in hard-hit hurricane areas, CFO Tom Gallagher just issued a report indicating that more than 62,000 storm victims...
Specialty Underwriters’ Alliance Reports Q1 Loss of $4.5 Million
May 17 2005 // Chicago-based wholesaler Specialty Underwriters’ Alliance Inc. reported a net loss of $4.5 million for the quarter ended March 31, 2005. Total revenues were $1.3 million, comprised of earned insurance premiums of...
Hartville Sees $2.1 Million Q1 Loss
May 17 2005 // Canton, Ohio-based pet insurer Hartville, Group Inc. announced financial results for the company’s first quarter of 2005, ended March 31, 2005. All reported results for the prior-year period reflect the previously...
ING Posts Solid Q1 Gains; Net Profits up 72% Percent to $2.44 Billion
May 16 2005 // ING, the Dutch insurance and financial services giant, enjoyed a very good first quarter of 2005, as the group’s net profit rose 72 percent to 1.941 billion euros ($2.44 billion) The company’s announcement...
N.J. Ruling Clears Way for Loss of Consortium Claims by Gay Couples
May 16 2005 // A judge’s ruling that a same-sex couple can sue for a loss of consortium could expand rights for gays in New Jersey. Superior Court Judge James S. Rothschild Jr. ruled last week that Judith Peterson and Linda Henry...
Good Q1 Weather for R&SA; Operating Profit Up 95%; Best Comments
May 13 2005 // The U.K.’s Royal & SunAlliance (R&SA) reported strong earnings growth for the first quarter of 2005 with operating earnings of £160 million ($301 million) compared to £82 million ($155 million) in the...
Allied World Post Q1 Net Earnings Decrease to $64.4M
May 13 2005 // Bermuda-based Allied World Assurance Holdings Ltd. reported net income of $64.4 million for the first quarter 2005, compared to $89.4 million for the first quarter of 2004. Allied suffered losses of $18.9 million arising...
S&P Reports Munich Re’s ‘A+’ Ratings, Outlook ‘Unaffected’ by Q1 Results
May 12 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on Germany’s Munich Reinsurance, (currently “A+”/Stable) and its related entities–collectively known as the...
Hannover Re Q1 Net Increases by 11.1% to $137 Million
May 12 2005 // Germany’s Hannover Re posted strong growth in the first quarter of 2005, with operating profits (EBIT – i.e. excluding investment gains, interest and taxes) of 179.5 million euros ($229 million), a 16.2 percent...
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...