Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Texas Approves Additional ISO Commercial Auto Tools
May 21 2004 // The Texas Department of Insurance (TDI) has cleared the way for insurers to make filings immediately using Insurance Services Office Inc.‘s (ISO) commercial auto advisory information. According to ISO, its advisory...
PAULA Financial Reports Net Income for the First Quarter of 2004
May 18 2004 // PAULA Financial announced net income for the first quarter of 2004 of $0.08 per share compared to $0.05 per share for the 2003 period. Total revenue for the first quarter of 2004 was $5.2 million compared to $4.6 million...
High-Tech Systems Help Make the Agent an Underwriter
May 17 2004 // Many carriers, especially commercial lines carriers, rely on independent agencies to sell and service policyholders. The agency typically owns and maintains the relationship with the insured. Carriers that maximize agent...
PCI White Paper: Insurer Profitability Must Be Viewed Over Long Term
May 17 2004 // A white paper published by the Property Casualty Insurers Association of America (PCI) shows that insurance industry profitability must be evaluated over the long term and that loss costs, not investment return, are the...
Espirito Santo: Q1 Results of Insurance Subsidiaries
May 17 2004 // Espirito Santo Financial Group S.A. (ESFG), a holding company operating in Portugal and Luxembourg, announced the non-audited results of its insurance subsidiaries in Portugal (Tranquilidade Group), Companhia de Seguros...
Aligned Interests-Agency Perpetuation through the Leavitt Group
May 17 2004 // Insurance Journal asked me to spend 2,000 words on the Leavitt Group’s agency perpetuation philosophy. So, after rattling off some rather sterile company background, I’ll describe how we and our co-owners...
Mass. Gov. Romney Kicks Auto Insurance Reform into High Gear
May 17 2004 // The industry officials who run the private passenger auto high risk system in Massachusetts have started drawing up rules in response to urgings by the administration of Gov. Mitt Romney to make their operations and the...
R&SA Restructuring Reduces Revenues, But Strengthens Overall Financial Condition
May 13 2004 // The U.K.’s Royal & Sun Alliance announced first quarter figures that broadly reflect its ongoing restructuring efforts. Under the direction of Andy Haste, who took charge of Britain’s second largest...
ING Posts Q1 Gains in all Sectors Gains; Will Sell Australian Business to QBE
May 13 2004 // Holland’s ING Group made a strong start for 2004, announcing a 32 percent rise in operating net profits to 1.191 billion euros ($1.41 billion) or 57 euro cents ($0.67) per share. Overall net profits increased to...
S&P Report: Property Catastrophe Reinsurance Shows Good Year, Despite Higher Losses
May 13 2004 // Despite higher insured catastrophe losses in the U.S. in 2003, companies writing property catastrophe reinsurance realized very strong operating performance, according to a report published by Standard & Poor’s...
Assured Guaranty Posts $46.9 Million Q1 Net
May 12 2004 // Assured Guaranty Ltd., the international surety insurer, formed from the spin off of ACE Limited’s surety operations, announced net income of $46.9 million for the first quarter ended March 31, 2004, an increase of...
New IRC Study Reveals Regional Auto Claim Cost Differences in California
May 12 2004 // According to a new Insurance Research Council (IRC) report, Californians in major cities are more likely than non-metropolitan residents to 1) be involved in auto accidents, 2) have auto insurance losses per insured...
FPIC Insurance Group Unveils Q1 Report
May 11 2004 // Florida-based FPIC Insurance Group Inc. reported that its net income increased to $7.0 million, or $0.68 per diluted share, for the first quarter 2004, up from net income of $2.8 million, or $0.29 per diluted share, for...
AXA Posts 2.3% Increase in Adjusted Q1 revenues; 1.9% Decline in Reported Revenues on Euro’s Rise
May 7 2004 // In a classic “good news/bad news” situation, France’s AXA Group reported first quarter consolidated revenues of 20 billion euros ($24.1 billion), adjusted for currency fluctuations. The figure indicates a...
Argonaut’s Earned Premiums Up, Combined Ratio Down for Q1 2004
May 6 2004 // San Antonio-based Argonaut Group Inc. announced financial results for the three months ended March 31, 2004, reporting that earned premium rose and its combined ratio decreased from the same quarter in 2003. Net income was...
Ohio Casualty’s Q1 Profit Down From Year Ago
May 6 2004 // Fairfield-based insurer Ohio Casualty Corp. announced the following results for its first quarter, compared with the same period of the prior year: Net income of $19.2 million, or 31 cents per diluted share, versus $19.9...
Allianz Reports Strong Q1 Results
May 6 2004 // Germany’s Allianz Group marked the end of the first quarter of 2004 with a surge in operating earnings and profits in all four of its main business segments. The group’s report, posted on its Website, indicated...
Max Re Posts $43 Million Q1 Net
May 6 2004 // Max Re Capital Ltd. joined its compatriots in Bermuda in reporting very good first quarter profits. The company announced that net income for the three months ended March 31, 2004, was 43 million, or net income of $0.87...
RenRe Posts $137.8 Million Q1 Operating Income
May 5 2004 // RenaissanceRe, Bermuda’s premier property reinsurer, reported first quarter operating earnings of $137.8 million compared to $130.2 million in the first quarter of 2003. The company also gave the following additional...
HCC Unveils Record Q1 2004 Results
May 5 2004 // Houston-based HCC Insurance Holdings Inc. released earnings for the first quarter of 2004. Net earnings increased significantly for the first quarter of 2004 to $44.6 million, or $0.68 per diluted share, from $23.8...
