Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
TDI: Data Shows Improvement in Homeowners Market
Mar 16 2004 // The Texas homeowners insurance market has turned the corner and is regaining momentum to be more competitive, according to year-end reports that carriers file with the Texas Department of Insurance (TDI). TDI said the top...
Aegon Reports 16% 2003 Profit Rise to $2.187 Billion
Mar 15 2004 // Aegon, the Netherlands’ insurer and financial services giant, reported fourth quarter net income rose 32 percent to 470 million euros ($573 million), while full year earnings rose 16 percent to 1.793 billion euros...
Navigators Releases 2003 Q4 and Full Year Numbers
Mar 10 2004 // The Navigators Group Inc. reported net income of $7,685,000 or $0.80 per diluted share for the year ended Dec. 31, 2003 compared to $16,397,000 or $1.89 per diluted share for the year ended 2002. The net loss for the 2003...
SCPIE Holdings Announces 2003 4thQ, Year-End Results
Mar 9 2004 // Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its fourth quarter and full year ended Dec. 31, 2003. The company also announced that its Board of Directors has...
P/C Insurers’ Profits Double First Three Quarters of 2003; Industry’s Underwriting Loss Sees Improvement
Mar 9 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,...
OHIO CASUALTY LAYS OFF 260:
Mar 8 2004 // Insurer Ohio Casualty Corp. announced that its 2004 fourth-quarter profit was $27.7 million, down 5 percent from last year’s $29.1 million. Meanwhile, the Fairfield, Ohio-based company boasted that a company-wide...
Model Behavior or Behavior Modeling’ Tools to Put Your Submission on Top
Mar 8 2004 // Underwriting risk is a tricky business whether in a hard or soft market. Competence and experience will always be a hard combination to find, but is greatly valued by strong companies. It’s amazing that even the best...
