Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Meadowbrook 2004 Year-End, 4Q Results Improve
Feb 15 2005 // Meadowbrook Insurance Group’s net income for the fourth quarter of 2004 and for the entire year of 2004 was up. Net income for the entire year of 2004 was up to $14.1 million from net income of $10.1 million for...
RTW Sees 12th Consecutive Profitable Quarter
Feb 15 2005 // Minnesota-based RTW Inc., a provider of products and services to cost-effectively manage both insured and self-insured workers’ compensation programs, reported net income for the fourth quarter ended Dec. 31, 2004 of...
Assurant Sees 2004 Net Income of $350.6 Million
Feb 15 2005 // Assurant Inc., a provider of specialized insurance and insurance-related products and services, reported its results for the fourth quarter and the year ended Dec. 31, 2004. J. Kerry Clayton, president and CEO, noted,...
CAAA: Workers’ Comp Carriers’ Profits up 25%-36%
Feb 15 2005 // Fourth quarter and 2004 annual earnings statements from leading California workers’ compensation insurance carriers are coming in, and profits are reportedly up by 25% to 36% over 2003 – and 2003 was already...
W.R. Berkley Reports Q4 Net Income of $116M
Feb 14 2005 // W. R. Berkley Corp. reported net income for the fourth quarter of 2004 of $116 million, or $1.31 per share, a 25% increase from $93 million, or $1.07 per share, a year ago. Fourth quarter 2004 net operating income...
Odyssey Re Holdings Corp. Unveils Q4 Report
Feb 11 2005 // Odyssey Re Holdings Corp. this week reported its fourth quarter and full year 2004 results. Net income amounted to $50.9 million, or $0.74 per common share for the quarter ended Dec. 31, 2004, compared to $47.6 million or...
Philadelphia Consolidated CEO Pleased with Q4 Report
Feb 11 2005 // Philadelphia Consolidated Holding Corp. on Friday reported net income for the quarter ended Dec. 31, 2004 increased 58.0% to $32.4 million ($1.38 diluted and $1.45 basic earnings per share) from $20.5 million ($0.89...
Kingsway Notes 54% Gain in Net Income
Feb 10 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results for the quarter and year ended Dec. 31, 2004, and the declaration of an initial quarterly dividend of 5 cents per share. For the fourth quarter net...
Brown & Brown’s 2004 Results Set Record Levels
Feb 10 2005 // Brown & Brown, Inc. with offices in Daytona Beach and Tampa, Fla. announced record earnings for 2004, the 12th consecutive year the company has hit record highs in both revenues and net income. Net income for 2004...
ISO: Insurers Pay a Record $27.3B in 2004 Cat Losses
Feb 9 2005 // U.S. property/casualty insurers paid a record $27.3 billion for insured property losses to homeowners and businesses from 22 catastrophic events last year—surpassing losses from 2001 that included the Sept. 11...
CNA Surety Reports Strong Finish to 2004
Feb 9 2005 // Chicago-based CNA Surety Corp. reported net income for the fourth quarter of 2004 of $12.2 million, or $0.28 per share, compared to net income of $10.6 million, or $0.25 per share, for the same period in 2003. The increase...
Willis Group Sees Growth in 2004
Feb 9 2005 // Willis Group Holdings Ltd. reported results for the quarter and year ended Dec. 31, 2004. “Despite a declining rate environment and extraordinary challenges facing the global insurance industry, we were able to...
XL Capital Notes $288M Q4 Profit
Feb 9 2005 // Bermuda-based XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended Dec. 31, 2004 of $288.0 million, or $2.07 per ordinary share, compared with a net loss of $314.8 million, or a loss...
S&P: U.S. Property/Casualty Insurers Continue To Boost Loss Reserves For Old Business
Feb 8 2005 // For U.S. property/casualty insurers, periodic glimpses of rising profitability have been overshadowed by relentless price-cutting, natural and man-made catastrophes, and claims inflation. Following an unprecedented surge...
St. Paul Travelers Reports $303M Q4 Profit
Feb 8 2005 // The St. Paul Travelers Cos. recently reported net income of $303 million for the quarter ended Dec. 31, 2004, or 45 cents per basic share and 44 cents per diluted share, compared to $489 million, or $1.13 per basic share...
Minn. DOI: Higher LTC Rates Due to Lower Lapse Rates and Investment Income
Feb 8 2005 // Premiums have increased for some long-term care insurance policies issued to Minnesota consumers largely because policyholders are maintaining their coverage and interest rates have decreased in recent years. Those...
AXIS Capital Sees Net Income of $495M for Year Ended
Feb 8 2005 // Bermuda-based AXIS Capital Holdings Ltd. has reported net income for the year ended Dec. 31, 2004 of $495.0 million, or $2.98 per diluted share, compared to $532.3 million, or $3.42 per diluted share, for the year ended...
Zurich Estimates Tsunami, Hurricane Losses at $185M
Feb 7 2005 // Zurich Financial Services Group (Zurich) expects claims related to the tsunami that struck South Asia on Dec. 26, 2004 to cost approximately $65 million after tax and net of reinsurance. The aggregate amount of expected...
Mercury General Announces 4Q Results
Feb 7 2005 // Los Angeles-based Mercury General Corporation reported net income of $74.1 million ($1.36 per share- diluted), in the fourth quarter 2004 compared with $49.2 million ($0.90 per share-diluted), in the same period for...
The Facts About Credit Information and Insurance
Feb 7 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...
