Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Max Re Reports $6.2 Million Q1 Net Income Decrease
May 2 2005 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended March 31, 2005 of $36.8 million, or $0.74 per diluted share, compared to net income of $43.0 million, or $0.87 per diluted share, for the...
AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls
May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...
Mercury General Corporation Announces 1Q Results
May 2 2005 // Los Angeles-based Mercury General Corporation reported net income of $60.4 million, or $1.10 per share (diluted), in the first quarter 2005 compared with $68.8 million, or $1.26 per share (diluted), in the same period for...
Fairfax Financial Q1 Net Falls 9.74% to $35.2 Million;* Operating Income Up 21.4% to $104.3 Million
Apr 29 2005 // Canada’s Fairfax Financial Holdings Limited announced net earnings of $35.2 million for the first quarter of 2005, compared to $39 million in Q1 2004, a 9.74 percent decrease. Pre-tax operating earnings rose by 21.47...
Endurance Q1 Net Income Drops to $96.3 Million on Reserve Increases
Apr 29 2005 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $96.3 million or $1.45 per diluted share for the first quarter of 2005 versus net income of $100.9 million or $1.47 per diluted share in the first...
ISO: Insurers to Pay Policyholders $2.1 Billion for Q1 Catastrophe Losses
Apr 29 2005 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.1 billion for insured property-loss claims from eight catastrophes in the first quarter, according to preliminary estimates by...
Ebix Inc.’s Revenues Rose 50 Percent in Q1
Apr 29 2005 // Atlanta-based Ebix Inc., an international developer and supplier of software and e-commerce solutions to the insurance industry, has reported financial results for the first quarter ended March 31, 2005. For the quarter,...
Willis Group Reports Results from Stockholder Meeting
Apr 29 2005 // Joe Plumeri, chairman and CEO of Willis Group Holdings Ltd., outlined the corporation’s progress through 2004, reflected on sweeping transformations taking place in the global insurance industry and the...
Unitrin Sees Improved Q1 Numbers
Apr 28 2005 // Chicago-based Unitrin Inc. reported net income of $67.9 million ($0.99 per common share) for the first quarter of 2005, compared to net income of $48.0 million ($0.71 per common share) for the same period in 2004. Net...
The Hartford Notes 17% Gain in Q1 Net Income
Apr 28 2005 // The Hartford Financial Services Group Inc. set a new quarterly record with net income of $666 million, or $2.21 per diluted share, in the first quarter of 2005, a 17-percent increase over the prior-year period. Net income...
ACE Q1 Net Down 3% to $433 Million; Operating Profits Rise 7% to $441 Million
Apr 27 2005 // Bermuda’s ACE Limited reported net income for the first quarter ended March 31, 2005 of $433 million or $1.46 per common share after payment of preferred dividends, compared with net income of $447 million or $1.53...
XL Posts $442.9 Million Q1 Net
Apr 27 2005 // Bermuda’s other major insurer, XL Capital Ltd., joined ACE (See previous article) in reporting slightly lower profits for the first quarter of 2005, as it posted net income of $442.9 million or $3.18 per share,...
Alfa Corp. Reports Q1 Losses Due to Storms
Apr 27 2005 // Montgomery, Ala.-based Alfa Corp. has reported its first-quarter net income, which includes net realized investment gains and losses, was $21.57 million, or 27 cents per diluted share, compared with $25.47 million, or 32...
Arthur J. Gallagher Reports Q1 Revenue Growth
Apr 26 2005 // Illinois-based Arthur J. Gallagher & Co. has reported its financial results for the quarter ended March 31, 2005. “Gallagher continues to do what it does best even in these challenging times — solve our...
Zenith Announces First Quarter Results
Apr 26 2005 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $39.3 million, or $1.65 per share, for the first quarter of 2005 compared to net income of $25.1 million, or $1.09 per share, for the...
Best: U.S. P/C Industry Notes First Underwriting Profit Since ’78
Apr 25 2005 // The U.S. property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9,...
Crawford & Co. Reports a Disappointing First Quarter
Apr 25 2005 // Atlanta-based Crawford & Co., a large independent provider of claims management solutions to insurance companies and self-insured entities has announced its financial results for the first quarter ended March 31,...
Chubb Unveils Q1 Report; Net Income of $470M
Apr 25 2005 // The Chubb Corp. on Monday reported that net income in the first quarter of 2005 was $470 million, a 30% increase over net income of $361 million in the first quarter of 2004. Net income per share increased 26% to $2.37...
Sierra Notes Continued Growth in Nev. Market
Apr 25 2005 // Sierra Health Services Inc. reported that income from continuing operations for the quarter ended March 31, 2005, was $28.6 million or $0.85 per diluted share, compared to $26.3 million or $0.75 per diluted share for the...
Earnings Up in Commerce Insurance Group First Quarter
Apr 22 2005 // The Commerce Group Inc. in Webster, Mass. reported 2005 first quarter net earnings were $58.0 million, or $1.72 per diluted share, compared to net earnings of $51.0 million or $1.56 per diluted share for 2004. Included in...
