Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
PartnerRe Reports $104.5 million Q4 Net; $467.7 Million Full Year
Feb 10 2004 // Bermuda-based PartnerRe Ltd. reported net income, which includes capital gains and losses on investments, of $104.5 million, or $1.84 per share on a fully diluted basis, for the quarter ended December 31, 2003. Net income...
Infinity Property and Casualty Corp. Releases Q4 Results
Feb 10 2004 // Alabama-based Infinity Property and Casualty Corporation, a provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the fourth quarter of $19.5 million or $0.94...
Residual Markets Continue to Burden Auto Insurers
Feb 9 2004 // A new report by the Property Casualty Insurers Association of America (PCI) shows that residual market plans for private passenger auto insurance continue to result in significant losses for insurance companies. But one...
Zenith National Unveils Q4 Numbers
Feb 9 2004 // California-based Zenith National Insurance Corp. reported net income of $20.8 million for the fourth quarter of 2003 compared to a net loss of $7.8 million for the fourth quarter of 2002. Net income for the year ended Dec....
2003 CAT LOSSES TOTAL $12.8B:
Feb 9 2004 // U.S. property/casualty insurers paid $12.8 billion to homeowners and businesses for insured property losses from 21 catastrophic events last year, according to current estimates by Insurance Services Office Inc.’s...
No Brake Yet for Personal & Commercial Auto
Feb 9 2004 // The auto insurance market has come a long way since Travelers wrote the first third-party policy for Gilbert J. Loomis’s one-cylinder car in 1897. “I’ll never insure a gasoline can on wheels,”...
Subrogation Outsourcing Offers Value, Greater Claims Recovery
Feb 9 2004 // How an insurance company handles the subrogation function impacts its value to policyholders and shareholders. While financial stability, underwriting expertise and breadth of coverage remain important, an insurer’s...
Old Republic Reports Record Q4 Earnings
Feb 5 2004 // Chicago-based insurer Old Republic International Corp. reported its highest ever fourth-quarter and full-year operating earnings. In 2003’s final quarter most of the earnings progress stemmed from Old...
Chubb Reports Q4 Net Income of $72.3 Million
Feb 5 2004 // The Chubb Corporation reported that net income in the fourth quarter of 2003 was $72.3 million or $0.38 per share, compared to net income of $56.6 million or $0.33 per share in the fourth quarter of 2002. Operating income,...
Argonaut Reports Underwriting Profit for Q4 2003
Feb 5 2004 // San Antonio-based Argonaut Group Inc. announced financial results for the three months and full year ended Dec. 31, 2003. Highlights for the 2003 fourth quarter and full year include the following: · Argonaut...
ACE Reports $421 Million Q4 Net; $1.4 Billion Full-year
Feb 5 2004 // ACE Limited reported that net income for the quarter ended December 31, 2003 was $421 million or $1.45 per share, compared with a net loss of $168 million or $0.67 per share for the prior year. For the fill year ACE posted...
Willis Posts $118 Million Q4 Net; $414 Million for Year
Feb 5 2004 // Willis Group Holdings Limited announced fourth quarter net earnings of $118 million, or $0.69 per diluted share, compared with $118 million, or $0.70 per diluted share, in the same period of 2002. Net income for the year...
White Mountains Reports 2003 Results; Posts 13% Growth In Book Value
Feb 4 2004 // Bermuda-based White Mountains Insurance Group, Ltd. announced good results for 2003, ending the year by posting a 13 percent increase in its “fully converted tangible book value per share of $291,” up from $259...
Fiserv Reports Record Q4 Earnings
Feb 3 2004 // Brookfield, Wis.-based insurance software-market Fiserv Inc. announced record earnings for 2003. For the fourth quarter of 2003, Fiserv processing and services revenues were $749.5 million, a 30 percent increase over the...
Crawford Notes Q4 2003 Financial Numbers
Feb 3 2004 // Atlanta-based Crawford & Company announced its financial results for the fourth quarter ended Dec. 31, 2003. Fourth quarter 2003 revenues before reimbursements totaled $175.1 million compared with $173.7 million in...
AXA 2003 Revenues Fall to $89 Billion on Dollar Weakness
Feb 3 2004 // France’s AXA Group reported total revenues for 2003 of 71.628 billion euros ($89.18 billion) compared to 74.727 billion euros ($93 billion) in 2002. The company said the decrease reflected its decision to exit...
Everest Re Doubles Q4 Net to $121.8 Million; Full-year Operating Income $456 Million
Feb 3 2004 // Barbados-based Everest Re Group, Ltd. reported a fourth quarter 2003 net income increase of 119.2 percent to $121.8 million, or $2.15 per diluted share, compared to $55.6 million, or $1.08 per diluted share, in the fourth...
Max Re Posts $36.4 Million Q4 Net; $120.6 Million Full-year
Feb 3 2004 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended December 31, 2003 of $36.4 million, or net income of $0.76 per diluted share, compared to net income of $11.0 million, or net income of $0.29...
Sierra Reports Year-End, Fourth Quarter 2003 Results
Jan 29 2004 // Las Vegas-based Sierra Health Services Inc. reported that income from continuing operations for the quarter ended Dec. 31, 2003 was $24.0 million, or $0.80 per diluted share, compared to income from continuing operations...
Penn-America Reports 51.9 Percent Increase in Q4 Operating Income
Jan 29 2004 // Penn-America Group, Inc. reported record operating income of $4.5 million or $0.30 per share (basic and diluted) for the fourth quarter of 2003, compared with operating income of $2.9 million or $0.24 per share (basic and...
