Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
P/C Income, Surplus Rise Sharply in 2003
May 3 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003—nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
Harleysville CEO Encouraged by Q1 Results
Apr 30 2004 // Harleysville Group Inc. (NASDAQ:HGIC) in Pennsylvania reported diluted net income of $0.55 per share in the first quarter of 2004. The company had a diluted net loss of $0.11 per share in the first quarter of...
Report on Mass. Auto Cites Rate Subsidies and Barriers to Entry; Romney to Name Task Force
Apr 29 2004 // A much-anticipated analysis of the Massachusetts private passenger auto insurance system finds that 14 percent of the state’s drivers pay less than loss costs indicate they should, while 86 percent pay more to...
Willis Reports Record Q1 Results – $148 Million Net
Apr 29 2004 // Global insurance broker Willis Group Holdings Limited has reported record results for the quarter ended March 31, 2004. Net income was $148 million, or $0.87 per diluted share, compared with $117 million, or $0.69 per...
St. Paul Travelers Issues Q1 Earnings Report
Apr 29 2004 // The St. Paul Travelers Companies, Inc. reported that net income for the first quarter ended March 31, 2004 increased 73 percent to $587.2 million, or $1.34 per share diluted ($1.35 per share basic) compared to the prior...
Allmerica Reports Improved P&C Earnings for Q1
Apr 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. reported net income for the first quarter of $12.1 million, or $0.23 per share, compared to net income of $37.1 million, or $0.70 per share in the first...
Red River Services Launches in Texas
Apr 28 2004 // Red River Services recently announced the launch of its risk management, loss control and property inspection business in Houston and Dallas, Texas. The organization is up-and-running, ready to help insurance companies,...
Montpelier Re Notes Net Income of $109 Million During Q1 Report
Apr 28 2004 // Bermuda-based Montpelier Re Holdings Ltd. reported net income of $109.0 million, or $1.59 diluted earnings per share, through March 31, 2004. The change in net unrealized gains on investments was $25.9 million for the...
Zenith Announces First Quarter Results
Apr 28 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $25.1 million for the first quarter of 2004 compared to net income of $11.7 million for the first quarter of 2003. Diluted net income per...
Chubb Posts $360.7 Million Q1 Net
Apr 27 2004 // The Chubb Corporation reported that net income in the first quarter of 2004 was $360.7 million, a 61 percent increase over net income of $224.6 million in the first quarter of 2003. Net income per share increased 44...
Infinity P/C Unveils Q1 Report
Apr 27 2004 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the first quarter of $16.9 million or...
ACIC Opposes Excess Profits Bill
Apr 27 2004 // Legislation that would amend Proposition 103 to expand the insurance commissioner’s authority to disapprove rates beyond current standards is unjustified and unnecessary, according to the Association of California...
Selective Insurance Group Unveils Q1 Numbers
Apr 27 2004 // New Jersey-based Selective Insurance Group Inc., reported net income of $27.5 million, or $0.88 per diluted share, for the first quarter ended March 31, 2004, compared with $8.0 million, or $0.29 per diluted share, for the...
Insurance Auto Auctions Records Higher Earnings
Apr 26 2004 // Illinois-based Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, reported higher net earnings for the quarter ended March 28, 2004. The company recorded net...
Midland Reports Record Q1 Results
Apr 23 2004 // Cincinnati-based specialty insurer Midland Co. reported record results for the first quarter of 2004. Net income per share was 90 cents, including 16 cents in realized capital gains. That compares with the prior record of...
AIG Reports Q1 Net Earnings of $2.66 Billion
Apr 23 2004 // American International Group reported a 35.9 percent increase in first quarter net earnings to $2.66 billion, or $1.01 per share, compared to $1.95 billion or $0.74 per share in the first quarter of 2003. The company said...
Vermont’s Chittenden Reports Q1 Earnings
Apr 23 2004 // Chittenden Corporation (NYSE: CHZ) Chairman Paul A. Perrault announced earnings for the quarter ended March 31, 2004 of $17.5 million or $0.47 per diluted share, compared to $16.6 million or $0.49 a year ago. Chittenden...
Putnam Settlement Weighs on MMC’s Q1 Results
Apr 22 2004 // Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income...
Consumer Study Disputes Need for Renewal of Terrorism Reinsurance
Apr 22 2004 // The nation’s terrorism insurance law is not necessary to ensure the availability of affordable terrorism coverage for most areas of the country and should be allowed to expire, according to a study released by the...
