Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
21st Century Insurance Group Reports Q1 Results
Apr 20 2005 // Woodland Hills, Calif.-based 21st Century Insurance Group reported net income of $19.4 million ($0.23 per share) for the first quarter of 2005, compared to $19.8 million ($0.23 per share) for the same period in 2004. The...
Everest Re Q1 Operating Income up 9% to $165.2 Million; 14.5% Drop in Gross Premium
Apr 19 2005 // Bermuda’s Everest Re Group reported good first quarter results. The company’s after-tax operating income (which excludes realized capital gains and losses) was $165.2 million, or $2.90 per diluted share, a 9...
Safeco Sees Strong Q1 Numbers
Apr 19 2005 // Seattle-based Safeco on Tuesday reported strong first-quarter results for 2005. The company produced net income for the first quarter of $212.0 million, or $1.65 per diluted share. This compares with net income of $236.2...
Brown & Brown Reports 18.4% Gain in Q1 Net Income
Apr 19 2005 // Florida-based Brown & Brown announced a new record for its net income and net income per share in the first quarter. Net income per share for the quarter ended March 31, 2005 was $0.62, an increase of 17% over the...
Experts Report Commercial Property Terrorism Modeling Getting Better
Apr 18 2005 // Insurance companies are getting a better handle on how to estimate commercial property terrorism exposures and price the coverage thanks to advances in computer modeling. Despite the strides made in modeling to estimate...
Volatile Underwriting Cycle is Back with a Vengeance, Advises Economist
Apr 18 2005 // The property/casualty insurance industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, advises a top industry economist. The property/casualty financial...
Transatlantic Estimates $19 Million Q1 Cat Losses
Apr 14 2005 // Transatlantic Holdings Inc. announced that it presently expects to report net catastrophe losses in its first quarter 2005 results of approximately $19 million after tax, principally resulting from European Windstorm...
Generali Announces Strong 2004 Results; Net Profit of $1.7 Billion
Apr 14 2005 // Assicurazioni Generali SpA, Italy’s largest insurer, announced strong results for 2004 with net profits of 1.315 billion euros ($1.692 billion), slightly ahead of estimates and gross premiums of 56.3 billion euros...
RLI Posts Earnings Record
Apr 14 2005 // Illinois-based RLI Corp. announced first quarter net earnings of $29.3 million ($1.12 per diluted share), which were 73% better than the $16.9 million ($0.65 per diluted share) reported in the same quarter last...
First Underwriting Profit Since 1978, Investment Gains Send Industry’s Net Income and Surplus to Record Highs
Apr 12 2005 // Benefiting from a rare profit on underwriting and investment gains, the U.S. property/casualty insurance industry’s net income after taxes rose 29 percent to a record $38.7 billion in 2004 from $30 billion in...
Cochran, Caronia: Insurers to See Major Declines in Core Earnings Power
Apr 12 2005 // Property and casualty insurers will see dramatic declines in core earnings power beginning as early as this summer and extending into 2006, according to a new study by Cochran, Caronia Securities LLC, an insurance industry...
AIA: N.D. Loss History Bill Goes too Far
Apr 7 2005 // The American Insurance Association (AIA) on Thursday said that North Dakota’s SB 2186 goes too far in regulating the use of loss history reports for homeowners insurance and plans to ask Gov. John Hoeven (R) to veto...
Lloyd’s Recorded Strong 2004 Profit Despite Hits from Natural Catastrophes
Apr 6 2005 // Lloyd’s of London announced an annually accounted profit of $2,605 million in 2004. Although below profits of 2003, this result was achieved despite net claims of $2.3 billion from the U.S. hurricanes, in the...
Odyssey Re Increase Storm Loss Estimates
Apr 4 2005 // Odyssey Re Holdings Corp. announced that it expects after-tax net losses in the range of $26 million to $29 million during the first quarter of 2005. The increase is attributable to losses from Windstorm Erwin and an...
How to Float to the Top and Other Words of Wisdom
Apr 4 2005 // Berkshire Hathaway’s Buffett on Insurance Economics, 2004 Results By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s...
Regulators Look for a Clue
Apr 4 2005 // Was it Colonel ChoicePoint in the Conservatory With a Knife? When ChoicePoint Asset Co. finally disclosed Feb. 15 that criminals had gained access to the personal information of as many as 145,000 people in all 50 states,...
PAULA Financial Reports Net Income for Fiscal
Apr 1 2005 // PAULA Financial reported net income for the fiscal year 2004 of $0.14 per share compared to $0.22 per share in 2003. Net income for the fourth quarter 2004 was $0.01 per share compared to $0.08 per share in the 2003...
Software Developer Ebix Reports 2004 Year-End, Fourth-Quarter Results
Mar 31 2005 // Ebix Inc., an Atlanta-based international developer and supplier of software and e-commerce solutions to the insurance industry, has reported financial results for the fourth quarter (Q4 ’04) and year ended Dec. 31,...
Q4 Rescues Hannover Re 2004 Profits from Hurricanes
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
Conn. Gov. Rell ‘Unhappy’ Over Possible Big Job Losses from MetLife Buy of Travelers Life
Mar 30 2005 // Connecticut Governor M. Jodi Rell said today she is “extremely unhappy” as she learns more about the possibility of significant job losses resulting from MetLife’s planned acquisition of Travelers Life...
