Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
GAINSCO Reports Q2 Results
Aug 16 2004 // GAINSCO Inc., headquartered in Dallas, reported net income for the second quarter 2004 of approximately $1.0 million. After the accretion of the discount on the redeemable preferred stock of approximately $0.8 million and...
Charley Represents Material Loss, Fitch Says
Aug 16 2004 // According to Fitch Ratings, Hurricane Charley will represent only a material loss to the insurance industry because of the relatively wide range ($5 billion – $10 billion) of insurance loss estimates could be revised...
RMS: Hurricane Charley Insured Losses Could Top $15 Billion as Storm Moves
Aug 13 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has updated its forecast and loss estimates (See National news) for Hurricane Charley to reflect changes in the...
PAULA Financial Reports Net Income for 2Q 2004
Aug 13 2004 // Pasadena-based PAULA Financial announced net income for the second quarter of 2004 of $215,000, a 90 percent increase over net income of $113,000 for the 2003 period. Net income for the six months ended June 30, 2004 also...
Hannover Re Posts Strong 1st Half Earnings
Aug 12 2004 // Germany’s Hannover Re posted strong first half results with operating profit (EBIT) up 31.6 percent to 375.4 million euros ($460 million), net income up 30.2 percent to 211.5 million euros ($260 million), and net...
Amarillo Storm Losses Total $175 Million
Aug 12 2004 // The storm that struck the western portion of Amarillo on June 21 caused $175 million in insured losses making it the sixth costliest wind and hailstorm in Texas history, according to the Insurance Council of...
RMS: Direct Charley Hit Losses Could Top $10 Billion
Aug 12 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, on Thursday warned that insured losses in the U.S. could exceed $10 billion if Hurricane Charley follows the...
Atlantic American Corp. Unveils Q2 Report
Aug 11 2004 // Atlanta-based Atlantic American Corp. announced net income of $1.1 million, or $0.04 per diluted share, for the second quarter ended June 30, 2004, compared to net income of $1.2 million, or $0.04 per diluted share, for...
Affirmative Insurance Holdings Pleased With Q2 Results
Aug 9 2004 // Addison, Texas-based Affirmative Insurance Holdings Inc., a provider of personal non-standard automobile insurance, reported that net income for the second quarter of 2004 increased 52.6 percent over the same period in...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Aug 9 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
Bank Holding Companies’ Agency Fee Income Rises to $8.4 Billion in 2003
Aug 9 2004 // Bank holding companies (BHCs) earned a record $8.36 billion in insurance agency commissions and fee income in 2003, according to Michael White’s Bank Holding Company Insurance & Investment Fee Income Report...
A Decade of Improving Club Safety and Coverage
Aug 9 2004 // If you have ever insured or considered insuring golf and country clubs, you know that their risks can’t be classified or managed easily. They have kitchens and restaurants, clubhouses used for daily activities and...
Unlucky 13th Hole
Aug 9 2004 // Redesign after Windstorm Fells Famed Tree Ruled Out of Bounds If a tree falls on a golf course, will an insurance company hear the claim? Not if the claim is that the demise of the tree changes the character of the entire...
AIG Unveils Q2 Numbers; Reports Overall Good Quarter
Aug 9 2004 // American International Group Inc. (AIG) reported that its second quarter 2004 net income rose 25.7 percent to a record $2.86 billion or $1.09 per share, compared to $2.28 billion or $0.87 per share in the second quarter of...
Kingsway Notes Record Income for Q2
Aug 6 2004 // Toronto-based Kingsway reported record net income for the second quarter of the year and first six months. Net income increased by 22% to $33.3 million, compared to $27.3 million reported in the second quarter of last...
Ohio Casualty’s Q2 Profit Up 67%
Aug 6 2004 // Fairfield, Ohio-based insurer Ohio Casualty Corp. reported second-quarter net income of $32.7 million, or 52 cents per diluted share, up 67 percent from $11 million, or 18 cents per diluted share, a year ago. The company...
PXRE: Q2 Income Rises 51%
Aug 5 2004 // Bermuda-based PXRE Group Ltd. announced results for the second quarter ended June 30, 2004. Highlights for the quarter included: * Net income increased 51% to $32.3 million from $21.5 million * Net operating income per...
Aspen Insurance Reports Q2 Results
Aug 4 2004 // Bermuda-based Aspen Insurance Holdings Ltd. reported net income of $80.9 million, or $1.13 per diluted share, for the three months ended June 30, 2004 and $165.9 million, or $2.31 per diluted share for the six months to...
Navigators: Net Income Rises 47%
Aug 4 2004 // The Navigators Group Inc. reported net income of $9,037,000 for the 2004 second quarter compared to $6,157,000 for the 2003 second quarter, an increase of 47%. Net income per share was $0.71 for both the 2004 and 2003...
CNA Surety Posts 2Q Results
Aug 3 2004 // CNA Surety Corporation has reported net income for the second quarter of 2004 of $10.2 million, or $0.24 per share, compared to net income of $11.7 million, or $0.27 per share, for the same period in 2003. The decrease in...
