Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
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...
