Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Quanta Announces First Profitable Quarter
Aug 3 2004 // Bermuda-based Quanta Capital Holdings Ltd., a company that provides specialty insurance, reinsurance, and risk consulting services through its affiliated companies, announced that its net income for the second quarter of...
HCC Unveils Strong Q2 Report
Aug 3 2004 // Houston-based HCC Insurance Holdings Inc. has released earnings for the second quarter of 2004. Net earnings increased substantially during the second quarter of 2004, rising 41% to $46.4 million from $33.0 million and...
Argonaut Sees Record Earned Premium in 2Q
Aug 3 2004 // Argonaut Group Inc., based in San Antonio, announced financial results for the three months ended June 30, 2004, reporting that earned premiums for the quarter were a record $157 million. The company’s consolidated...
St. Paul Travelers Reports Q2 Loss Following SEC Guidance on Loss Reserves
Aug 2 2004 // The St. Paul Travelers Companies, Inc. (NYSE:STA) announced that the company reached a conclusion on the accounting treatment for the previously announced reserve adjustments and will record the adjustments as a charge to...
Max Re Capital Reports Lower 2Q Net Income
Aug 2 2004 // Max Re Capital Ltd., based in Bermuda, reported lower net income for the second quarter of 2004, compared with the same period in 2003. Income for the first six months of this year remains higher than that of the first...
General Insurance Co. Releases 2Q Results
Jul 30 2004 // Co-operators General Insurance Company, the largest Canadian-owned private sector property/casualty insurer, announced its second quarter, reporting consolidated after-tax net income of $38.0 million, compared to $25.3...
USI Releases 2Q Financial Report
Jul 30 2004 // U.S.I. Holdings Corporation has reported that its revenues for the second quarter increased by $14.1 million, or 16.4 percent, to $100.4 million from $86.3 million last year at the same time. The revenue increase reflects...
Underwriting Improvement Continued for UK Nonlife Insurers in 2003
Jul 30 2004 // Initial review of the aggregate statistics of the U.K. nonlife primary market suggests that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000, according to a report...
MMC Releases 2Q Results; Net Income Up 7%
Jul 29 2004 // Marsh & McLennan Companies Inc. (MMC) reported its second quarter consolidated revenues increased 6 percent to $3.0 billion. Net income rose 7 percent to $389 million, and earnings per share increased 11 percent to...
Bank Holding Insurance Underwriting Income Up 2% to $25 Billion in 2003
Jul 29 2004 // Bank holding companies (BHCs) reported insurance or reinsurance income of $25.1 billion in 2003, according to Michael White’s Bank Holding Company Insurance & Investment Fee Income Report (BHC-FIR) published by...
CNA Financial Notes Solid Q2 Numbers
Jul 29 2004 // Chicago-based CNA Financial Corp. announced second quarter of 2004 results. Net income for the second quarter of 2004 was $289 million as compared with net income of $70 million for the same quarter of 2003. The increase...
Arthur J. Gallagher Posts 2Q Results
Jul 29 2004 // Arthur J. Gallagher & Co. has announced its second quarter financial results were strong despite falling prices in the insurance market. “This was another strong quarter for Gallagher despite softening rates in...
Arch Capital Unveils Q2 Numbers
Jul 29 2004 // Bermuda-based Arch Capital Group Ltd. reports that net income for the 2004 second quarter was $104.3 million, or $1.42 per share, compared to $61.8 million, or $0.91 per share, for the 2003 second quarter, and $191.7...
Maryland’s Job Loss Could be Virginia’s Gain as State Farm Insurance Reorganizes in Mid-Atlantic States
Jul 28 2004 // State Farm Insurance confirmed it is moving to phase-out its Frederick, Md. claims and operations office as part of a reorganization that could eliminate from 400 to 500 jobs there and an equal number in field offices in...
Allmerica Claims ‘Solid’ Second Quarter
Jul 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass, whose companies include Hanover and Citizens insurance, reported second quarter net income of $32.4 million, or $0.60 per share, compared to net income of...
XL Capital Ltd.Unveils Q2 Numbers, Reports Net Income of $363.6 Million
Jul 28 2004 // Bermuda-based XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended June 30, 2004, of $363.6 million, or $2.62 per ordinary share, compared with $347.7 million, or $2.51 per ordinary...
Penn-America Says Second Quarter Record Results Reflect Firm Pricing in E&S Lines
Jul 28 2004 // Penn-America Group, Inc. in Hatboro, Pa., (NYSE: PNG ) reported record operating income of $4.8 million or $0.32 per share for the second quarter of 2004 compared with operating income of $3.7 million or $0.25 per share...
Chubb Reports ‘Strong’ Second Quarter
Jul 28 2004 // The Chubb Corporation of Warren, N.J. (NYSE: CB) reported that net income in the second quarter of 2004 was $356.1 million, a 41 percent increase over net income of $252.1 million in the secondquarter of 2003. Net income...
RenaissanceRe Reports Q2 Operating Income of $143.1 Million; Gain from 2003 Numbers
Jul 27 2004 // Bermuda-based RenaissanceRe Holdings Ltd. reported net operating income available to common shareholders of $143.1 million for the second quarter of 2004, versus $130.5 million for the comparable period in 2003. Operating...
Infinity Notes 102% Jump in Q2 Net Earnings
Jul 27 2004 // Alabama-based Infinity Property and Casualty Corp., a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported that second quarter net earnings increased 102% compared to...
