Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
RenRe Gives Q4, Full Year Earnings Estimates
Dec 3 2003 // Bermuda’s premier property reinsurer, RenaissanceRe Holdings Ltd., also chose the Bermuda Angle conference to announce preliminary fourth quarter, full year and 2004 earnings estimates. It estimated that full year...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Profitable or Not’ U.S. P/C Industry Struggles to Get Ahead
Dec 1 2003 // While U.S. property and casualty insurance carriers have worked hard in the past couple of years to follow the “return to underwriting” command, looking critically at the risks they’re insuring and...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Federal Terrorism Insurance Issues Examined at CAS Annual Meeting
Nov 26 2003 // Actuaries reportedly face difficult challenges in accurately pricing commercial property insurance coverage under the Terrorism Risk Insurance Act of 2002 (TRIA), the temporary federal financial backstop for insuring...
S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
Munich Re Reports $180 million Q3 Net Profit; Expects Full-year Loss
Nov 26 2003 // Munich Re reported 152 million euros ($180 million) net income for the third quarter, compared to a loss of 859 million euros ($1.02 billion) in the same period of 2002, but the world’s biggest reinsurer also...
Auto Club Cuts Rates for Total Loss Victims Of Wildfires
Nov 24 2003 // The Auto Club’s affiliated Interinsurance Exchange has gained state insurance department interim approval for its emergency request to reduce insurance rates for its policyholders whose houses were destroyed by the...
Insurers See Minimal Loss from Istanbul Bombings
Nov 24 2003 // Despite the horrendous damage caused by the two bomb blasts that ripped through Istanbul last Thursday, killing 28 persons and injuring over 400, the insured losses are not expected to be excessively heavy. Roger Short,...
R&SA 9 Month Results Show Progress; $248 Million Loss
Nov 21 2003 // The U.K.’s Royal & Sun Alliance may be on the way to proving that smaller is better. After a radical restructuring, which included the disposal of most of its U.S. business, and a £960 million ($1.6 billion)...
Turnaround – Zurich Reports $701 Million Q3 Net; $1.4 Billion First 9 Months
Nov 19 2003 // Swiss-based Zurich Financial Services (ZFS) reasserted its position as Europe’s third largest insurer with a strong third quarter performance. ZFS posted net profits of $701 million, compared to a net loss of $763...
APCapital Reports $77.1 Million 3Q Loss
Nov 18 2003 // East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. announced a net loss of $77.1 million, or $9.03 per share for the third quarter of 2003 as a result of reserve increases and accounting...
ESG Re Reports $3.4 Million Q3 Net Loss
Nov 18 2003 // Bermuda-based ESG Re Limited reported an overall net loss of $3.4 million, or $0.31 per share for the quarter ended September 30, 2003. The company reported total revenues for the period of $22.3 million, including net...
Safeco Estimates Calif. Wildfire Losses
Nov 18 2003 // Safeco announced that claims stemming from the recent California wildfires are estimated at $16.0 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Nov. 14...
Seibels Bruce Group Unveils Q3 Numbers; Focuses on Strategically Growing Business
Nov 17 2003 // The Seibels Bruce Group, Inc. announced financial results for the quarter that ended Sept. 30, 2003 and other matters. For the third quarter of 2003, the South Carolina-based company reported a net loss of $1.5 million or...
Agency Salary Survey 2003
Nov 17 2003 // The following agency compensation survey and commentary appeared in the March 2003 Middleton Letter, which was previously published by the late Carol Hammes, and is now produced by Marsh, Berry & Co. Inc. in...
Agency Salary Survey 2003
Nov 17 2003 // The following agency compensation survey and commentary appeared in the March 2003 Middleton Letter, which was previously published by the late Carol Hammes, and is now produced by Marsh, Berry & Co. Inc. in...
FPIC Group Unveils Q3 Numbers
Nov 14 2003 // Florida-based FPIC Insurance Group, Inc. reported net income of $5.4 million, or $0.55 per diluted share, for the third quarter 2003, compared to net income of $4.4 million, or $0.47 per diluted share, for the third...
Allstate Announces Estimate of California Wildfire Losses
Nov 14 2003 // The Allstate Corporation announced that its pre-tax catastrophe losses related to the California wildfires, which began on Oct. 21, 2003, are preliminarily estimated to be between $290 and $330 million, $190 and $215...
CNA Posts $1.8 Billion 3Q Loss, Cut By Moody’s
Nov 13 2003 // Chicago-based insurer CNA Financial Corp. reported a net loss for the third quarter of 2003 of $1.8 billion, or $7.94 per share, as compared with net income of $54 million, or 24 cents per share, for the same period in...
