Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Mercury General Reports Q3 Numbers
Nov 1 2004 // California-based Mercury General Corp. has reported net income of $65.1 million, or $1.19 per share (diluted), in the third quarter 2004 compared with $49.6 million, or $0.91 per share (diluted), in the same period for...
IPC Holdings Reports $17.8 Million Q3 Net Loss
Oct 29 2004 // Bermuda-based IPC Holdings, Ltd. reported a net loss for the quarter ended September 30, 2004, of $17.8 million, or 37 cents per share, compared to net income of $62.1 million, or $1.29 per share, for the third quarter of...
Arch Capital Q3 Results: $18 Million Net Income; $9.1 Million Operating
Oct 29 2004 // Bermuda-based Arch Capital Group Ltd. reported third quarter net income of $18.0 million, or 25 cents per share, compared to $82.6 million, or $1.22 per share, for the comparable period in 2003. For the 9 months ended...
Hurricanes Hit Argonaut Group’s Bottom Line
Oct 29 2004 // San Antonio, Texas-based Argonaut Group Inc. reported third quarter net income dropped by 62 percent, largely as a result of the four hurricanes that hit Florida in late summer. Gross written premiums for third quarter...
RenRe Reports Q3 Operating Loss of $372 Million; Increases Hurricane Loss Estimates
Oct 28 2004 // Bermuda’s RenaissanceRe Holdings Ltd. reported a net operating loss attributable to common shareholders of $372 million for the third quarter of 2004, versus net operating income available to common shareholders of...
ACE Reports $3 Million Q3 Net Loss
Oct 28 2004 // Bermuda’s ACE Limited reported a net loss for the third quarter ended Sept. 30, 2004 of $3 million or $(0.05) per common share after payment of preferred dividends, compared with net income of $355 million or $1.22...
Willis Q3 Results Show Declines; 9-Month Increase
Oct 28 2004 // Willis Group Holdings Limited reported that net income for the third quarter of 2004 was $75 million, or $0.45 per diluted share, compared with $99 million, or $0.59 per diluted share, a year ago. The international...
St. Paul Travelers Looks to Bring Top Line in Commercial Up as it Unveils Q3 Report
Oct 28 2004 // The St. Paul Travelers Cos. Inc. (NYSE:STA) has reported net income of $340 million for the third quarter ended Sept. 30, 2004, or $0.51 per basic share and $0.50 per diluted share, compared to $426 million, or $0.98 per...
Fitch Drops Marsh & McLennan’s Senior Debt
Oct 28 2004 // Fitch Ratings has downgraded the senior debt and long-term ratings on Marsh & McLennan Companies Inc. (Marsh) to ‘BBB’ from ‘A-‘. The short-term ratings on Marsh remain at ‘F2’. All...
S&P Announces Reaction to Recent MMC Developments
Oct 27 2004 // Following recent developments at Marsh & McLennan, Standard & Poor’s Ratings Services has issued a bulletin, which sets forth its initial reaction to the changes (See related articles). S&P said its...
AIG Private Client Creates Loss Prevention Unit
Oct 27 2004 // AIG Private Client Group, a division of the property and casualty insurance subsidiaries of American International Group, announced the creation of a Department of Loss Prevention to minimize high net worth...
Guy Carpenter Unveils Reveal for Workers’ Comp Risks
Oct 27 2004 // Guy Carpenter & Company Inc. has announced the introduction of the Reveal model, a refined exposure rating tool that helps to identify the drivers of costly excess losses within workers’ compensation...
Converium Reports $116.3 Million Q3 Loss
Oct 26 2004 // Embattled Swiss reinsurer Converium Holdings AG has reported a $116.3 million third quarter loss in financial statements released today. The company said the results reflect “the continuing satisfactory underlying...
Allmerica Reports Big Jump in 3d Quarter Results
Oct 26 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. has reported third quarter net income of $17.7 million, or $0.33 per share, compared to net income of $11.4 million, or $0.21 per share, in the third quarter...
State Auto Financial Unveils Q3 Report
Oct 26 2004 // Ohio-based State Auto Financial Corp. reported third quarter net income of $5.0 million, or $0.12 per diluted share, versus $15.6 million or $0.38 per diluted share for the same period in 2003. Net operating earnings(a)...
Infinity Notes Rise in Net Earnings From Q3 2003
Oct 26 2004 // Alabama-based Infinity Property and Casualty Corp., a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported that net earnings for the third quarter of 2004 were $23.0 million or...
Chubb Sees Growth in Q3
Oct 26 2004 // The Chubb Corporation (NYSE: CB) on Tuesday reported that net income in the third quarter of 2004 was $364.0 million or $1.88 per share, compared to $259.8 million ($1.37 per share) in the third quarter of 2003. Operating...
LOSSES FROM 4 FLA. HURRICANES WILL EXCEED ANDREW’S RECORD:
Oct 25 2004 // Insurance claim payments to victims of the four Florida hurricanes to date will exceed $22 billion, surpassing the insurance payout from Hurricane Andrew, the costliest natural disaster in history, according to the...
HURRICANE IVAN LOSSES IN ALABAMA $279M TO $325M:
Oct 25 2004 // Alabama-based The Alfa Insurance Group and Alfa Corporation have commented on the effects of Hurricane Ivan. “Hurricane Ivan had a significant impact on certain counties in Alabama and created a large number of...
TDI SEES IMPROVED LOSS RATIOS:
Oct 25 2004 // The Texas Department of Insurance reported that second quarter 2004 financial results submitted to TDI indicate a number of Texas homeowners insurance providers are improving their loss ratios—a result of efforts to...
