Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Brown & Brown: 20% Gain in Q1 Earnings Per Share
Apr 14 2004 // Florida-based Brown & Brown Inc. announced a new record for its earnings per share in the first quarter. Net income per share for the quarter ended March 31, 2004 was $0.53, an increase of 20.5 percent over the $0.44...
Arkansas Department Explains Fire Loss Reporting
Apr 9 2004 // The Arkansas Insurance Department issued a bulletin explaining compliance requirements of all property insurers licensed to do business in the state with Act 1345 of 2003, also known as the “Fire Loss Reporting Act...
Lloyd’s Puts 2003 Profits at $3.387 Billion
Apr 7 2004 // While other insurers had a good year in 2003, Lloyd’s had a great one. The 300 year old insurance market projected 2003 profits on an annualized basis of $3.387 billion. On the old three-year system the 2003...
Up for Sale: Success in Today’s Homeowners Market
Apr 5 2004 // States show signs of stability, but problem areas remain Despite continuing availability issues and sky-high loss ratios, the U.S. homeowners market is stabilizing as a whole. Of course, most industry observers who make...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // One of the most contentious issues surrounding homeowners insurance this year is insurer use of prior loss history databases. Although spurned in the press as the “new database used to cancel policies” or the...
Legislators Try to Get a CLUE About Loss Reports
Apr 5 2004 // Among the many topics addressed by the property/casualty insurance committee of the National Conference of Insurance Legislators (NCOIL) at its Feb. 26-29 meeting in San Antonio was the comprehensive loss underwriting...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
Wash. Drivers with High Incomes, Degrees Speed More Often
Apr 5 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...
Agents and Homebuyers Need the Right Clues to Make Smart Decisions
Apr 5 2004 // Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding...
SCOR Narrows Loss to $384 Million
Apr 1 2004 // France’s SCOR Group posted a net loss of 314 million euros ($384 million) for 2003, a distinct improvement over the 455 million euros ($556 million) loss the group reported in 2002. In addition the company reported...
New ISO Symbols Rate Cars By Make and Model for Liability, No-Fault/Medical Payments Insurance
Apr 1 2004 // Insurance Services Office Inc. (ISO) has introduced a personal auto rating program carriers can use to tailor the cost of insurance for bodily injury and property damage liability and no-fault/medical payments coverage...
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...
