Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
PAULA Financial Reports Net Income for Fiscal 2003
Mar 31 2004 // PAULA Financial reported net income for the fourth quarter of 2003 of $0.08 per share compared to $0.03 per shares for the 2002 period. Total revenue for the fourth quarter of 2003 was $5.2 million compared to $4.0 million...
Ebix Inc. Reports Record Annual Profits
Mar 31 2004 // Atlanta-based Ebix Inc., an international supplier of software and e-commerce solutions to the insurance industry, announced its financial results for the year ended Dec. 31, 2003. The company reported its third...
Hannover Re 2003 Net up 32.8% to $431 Million
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
Diversified Product Inspections Unveils Year-End Numbers, Reports Profit
Mar 30 2004 // Tennessee-based Diversified Product Inspections Inc, a provider of independent product failure analysis, air contamination and fire investigations for the insurance industry announced its year-end financial information...
Swiss Re Reports $1.33 Billion 2003 Net Income
Mar 26 2004 // Swiss Re joined the parade of European insurers announcing happy results for 2003. Net income increased to CHF 1.7 billion ($1.33 billion), while net premiums jumped to CHF 30.7 billion ($24 billion). It’s the first...
Wash. Drivers with High Incomes, Degrees Speed More Often
Mar 23 2004 // According to a PEMCO Insurance survey, the person passing you on the highway well above the speed limit is more likely to have an advanced education and earn a higher income than those traveling at safer speeds. The...
Liberty Mutual Reports Net Income Up 67% in Busy 2003
Mar 23 2004 // Liberty Mutual Group in Boston reported net income of $851.3 million for the 12 months ended 2003, a 67.4% increase over the same period in 2002. “I am very pleased with our overall operating performance in...
Adding Value in the Workers’ Comp Market Through Technical Analysis
Mar 22 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
Terrorism and TRIA – What’s in Store for the Future’
Mar 22 2004 // Two years later, fate of the historic act remains unknown If a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several...
Trusting in Workers’ Compensation Self-Insurance Programs
Mar 22 2004 // For larger risks, a self-insurance plan might be the right fit As premiums for workers’ compensation rise, employers across the United States are looking for alternative ways to cover their risks. Some employers have...
U.K.’s Hiscox Posts Record $154 Million Net Pre-tax Profit
Mar 22 2004 // London’s Hiscox plc, which writes coverage both through the Lloyd’s market and independently, posted record pre tax profits for 2003 of £83.4 million ($154 million). In addition to the record earnings the...
Learn from the Pros-Common Attributes of Successful Agencies
Mar 22 2004 // You’re a 15 handicap on the links. Your swing isn’t perfect, but you have managed to rationalize, or compensate for, your deficiencies. If you worked with a golf pro, you could probably correct several...
HUB’S REVENUES UP BY 24 PERCENT:
Mar 22 2004 // Chicago-based brokerage Hub International Ltd. reported that 2003 net earnings increased 24 percent to $36.5 million as revenue grew 30 percent to $286.4 million, boosted by organic growth and a strong Canadian dollar....
OIL Posts Strong 2003 Earnings, $420 Million Net
Mar 22 2004 // Bermuda-based Oil Insurance Limited announced that its overall 2003 performance was strong, both in terms of underwriting and investment results. The Company reported net income of $420 million. “Prior to general and...
Adding Value in the Workers’ Comp Market Through Technical Analysis
Mar 22 2004 // If insurance brokers want to add value and differentiate themselves from their competitors in this hardening workers’ compensation marketplace, they should pay attention to the intricacies of how experience...
P/C INSURERS’ PROFITS DOUBLE FIRST THREE QUARTERS OF 2003:
Mar 22 2004 // Property and casualty insurers earned $22.9 billion during the first nine months of 2003, representing a $12.1 billion, or 112 percent, increase over the $10.8 billion profit reported during the same period in 2002,...
Brooke Scores 186% Profit Jump to $4.16 Million
Mar 19 2004 // Overland Park, Kan.-based agency franchisor Brooke Corp. announced that 2003 earnings totaled $4.16 million, or 79 cents per diluted share on 2003 revenues of more than $65 million. Annual earnings increased more than 186...
Allianz 2003 Profits $1.96 Billion, Dresdner Loss Weighs
Mar 19 2004 // Germany’s Allianz AG bounced back strongly from last year ‘s losses to post net profits of 1.6 billion euros ($1.96 bllion) for 2003. Nevertheless the poor performance of the Group’s banking operations,...
Munich Re Posts First Loss in 97 Years-$533 Million
Mar 18 2004 // Munich Re announced that 2003 resulted in its first net loss since 1906, the year of the San Francisco earthquake. The world’s largest reinsurer lost 434 million euros ($533 million) last year, but said that the...
S&P Reports Top Layer Reinsurance Ltd. ‘AA’ Ratings Affirmed; Outlook Stable
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable. Top Layer Re is a 50%/50% joint venture between State Farm...
