Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Florida Sen. Nelson Unveils Measure to Reduce Hurricane Losses
Jul 27 2004 // U.S. Sen. Bill Nelson of Florida, who helped rebuild the state’s insurance market following Hurricane Andrew, has unveiled legislation aimed at reducing the loss of life and property caused by hurricanes, tornadoes...
PartnerRe Continues Strong Numbers Growth
Jul 27 2004 // Bermuda-based PartnerRe Ltd. reported net income of $119.8 million, or $2.12 per share on a fully diluted basis, for the second quarter of 2004. This net income includes net after-tax realized gains on investments of $10.1...
State Auto Reports Record Quarterly Results
Jul 27 2004 // Ohio-based State Auto Financial Corp. reported record second quarter net income of $34.6 million, or $0.85 per diluted share, versus $8.3 million or $0.21 per diluted share for the same period in 2003. Net operating...
Commerce Group Reports Q2, Year-to-Date Results
Jul 26 2004 // The Commerce Group, Inc. (NYSE:CGI) of Webster, Mass. today reported 2004 second quarter net earnings were $37.4 million, or $1.14 per diluted share, compared to net earnings of $71.5 million or $2.22 per diluted share for...
Crawford & Co. Unveils Q2 Report
Jul 26 2004 // Atlanta-based Crawford & Co., an independent provider of claims management solutions to insurance companies and self-insured entities, announced its financial results for the second quarter ended June 30, 2004. Second...
A.M. Best Downgrades Debt Ratings of St. Paul Travelers; Affirms Financial Strength Ratings
Jul 25 2004 // A.M. Best Co. has downgraded the debt ratings of St. Paul Travelers Companies Inc. (St. Paul Travelers) to “a-” from “a” on senior debt, “bbb+” from “a-” on subordinated...
AIG Unveils Q2 Numbers; Reports Overall Good Quarter
Jul 23 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...
Ark. DOI Issues Fairness Directive to P/C Insurers
Jul 22 2004 // Acknowledging that Arkansas law imposes minimal restrictions on underwriting, the Arkansas Insurance Department nevertheless announced that it expects property and casualty insurers to give proper attention to the explicit...
Zenith Announces Second Quarter Results
Jul 21 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $24.8 million for the second quarter of 2004 compared to net income of $18.4 million for the second quarter of 2003. Net income for the...
Safeco Posts Strong Profits in All Major P/C Segments
Jul 20 2004 // Seattle-based Safeco announced strong second-quarter results, reflecting the company’s solid underwriting and the competitive strength of its automated sales platform. In addition, weather-related catastrophe losses...
Everest Re Group Announces Second Quarter Earnings
Jul 20 2004 // Bermuda-based Everest Re Group Ltd. reported a second quarter 2004 after-tax operating income, which excludes realized capital gains and losses, of $174.4 million, or $3.07 per diluted share, a 62.8 percent increase...
Preparing to Sell or Merge the Agency
Jul 19 2004 // One of the most difficult decisions that an owner will have to make is to sell their agency or merge with another party. The typical owner has spent more time working and building up the business than they have with their...
Donegal Group Net Income Up for Q2 and Year-to-Date
Jul 19 2004 // Donegal Group Inc. of Marietta, Pa. reported improved results including increased net income for the quarter ended June 30, 2004 of $6,770,187, or $.50 per share, compared to $5,268,953, or $.56 per share, for the second...
PCI Tells NCOIL That Restrictions on Loss History Are Unnecessary
Jul 18 2004 // The Property Casualty Insurers Association of America (PCI) told lawmakers during a panel discussion that efforts to limit insurers’ access to loss history information on properties are unnecessary and harmful to...
The Midland Company Unveils Q2 Numbers
Jul 15 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, reported record results for the second quarter ended June 30, 2004. Net income per share was 58 cents, which included 2 cents in...
Insurer Seeks Damages Over Baltimore Orioles’ Loss
Jul 15 2004 // The Connecticut-based insurer for the Baltimore Orioles is attempting to recover more than $1 million in damages after a train derailment and tunnel fire forced city officials to cancel three home games in July 2001. The...
Loss-History Data Under Scrutiny in 31 States
Jul 14 2004 // Lawmakers or insurance regulators in 31 states have questioned the practice during the past 18 months, and at least 14 states and the District of Columbia have enacted provisions dealing with use of this information,...
Record Q2 for RLI
Jul 14 2004 // Peoria, Ill.-based specialty lines carrier RLI Corp. announced record second-quarter profits, driven growing underwriting profits and investment income. The company reported quarterly net earnings of $18.4 million (71 per...
