Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Aon: Hospital Pro Liability, Physician Benchmark Study Forecasts Continued Loss Cost Increase for the Year
Jan 28 2004 // The high trend of insurance rates experienced by hospital professionals and physicians over the past three years show no sign of slowing in 2004 as claims costs are increasing at a steady rate of 9.7 percent according to...
Progressive’s Q4 Profit 135% Higher Than Year Ago
Jan 28 2004 // Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported fourth-quarter 2003 net income of $357.8 million, or $1.63 per share, 135 percent higher than last year’s $152.2 million, or 69 cents per share,...
Marsh & McLennan Cos. Notes Strong Q4 and Year-End Numbers
Jan 28 2004 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and year ended Dec. 31, 2003. Consolidated revenues in the fourth quarter increased 15 percent to $3 billion. Net income grew 21...
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
I.I.I. Survey Reports Industry Leaders Expect Improved Profits in 2004
Jan 26 2004 // Leaders of the property/casualty insurance industry expect an improvement in profitability for 2004 compared with last year, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its eighth...
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
RMS Terrorism Risk Management Tools Aiding Insurers in Responding to New Best Questionnaire
Jan 23 2004 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, affirmed that its products can assist insurers in responding to the newly issued Supplemental Rating...
