Latest Profit Loss Headlines

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

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...

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...