Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
SCPIE Holdings Announces Third-Quarter and Nine-Month Results
Nov 13 2003 // SCPIE Holdings Inc., a provider of healthcare liability insurance, reported results for its third quarter and nine months ended Sept. 30, 2003. For the 2003 third quarter, SCPIE reported a net loss of $14.8 million, or...
Moody’s: Wildfires Will Hurt Insurers’ Bottom Line
Nov 12 2003 // Moody’s Investors Service said in a statement that it does not expect its ratings or outlook on the U.S. personal lines insurance sector as a whole to be impacted solely by the recent spate of California...
Danielson Losses Continue to Pile Up
Nov 11 2003 // Chicago-based Danielson Holding Corp. (DHC), whose subsidiaries offer barging and marine construction services as well as specialty insurance products, reported a third-quarter loss of $3.4 million, or 11 cents per diluted...
Meadowbrook Posts 3Q Profit of $2.5 Million
Nov 10 2003 // Southfield, Mich.-based carrier Meadowbrook Insurance Group reported a third-quarter profit of $2.5 million, or 9 cents per diluted share, compared to a net loss of $1.9 million, or 6 cents per diluted share for the...
Axa Revenues Decline 4 Percent
Nov 10 2003 // French insurer Axa SA saw its revenues for the year so far decline by 4 percent but said in a statement that underlying growth is still strong and the revenue decline will not impede its quest to make additional...
III: Calif. Wildfires Worst Ever, Losses Expected to Exceed $2 Billion
Nov 10 2003 // Surveys of the insurance industry have confirmed a total of 7,260 claims filed from the Southern California firestorms as of 4 p.m., Wednesday, Nov. 5, according to the Insurance Information Institute. Reports of up to...
SCOR Posts $400 Million Nine-month Loss; Rating Agencies React
Nov 7 2003 // France’s SCOR Group, the world’s seventh largest reinsurer, announced a nine-month loss of 349 million euros ($400 million), prompting both A.M. Best and Moody’s to place their ratings on the company and...
PMA Capital Posts $96.4 Q3 Loss, Chairman, CEO Step Down
Nov 7 2003 // PMA Capital announced a net loss of $96.4 million, or $3.08 per diluted share, for the third quarter of 2003, compared with net income of $9.4 million, or 30 cents per diluted share, for the third quarter of 2002. For the...
HCC Sees Record 3Q 2003 Results
Nov 7 2003 // Houston-based HCC Insurance Holdings Inc. reported that earnings for the third quarter and first nine months of 2003 increased by 58 percent and 39 percent respectively. Net earnings for the third quarter of 2003 rose to...
The Hartford Reports Q3 Net Income of $343 Million
Nov 6 2003 // The Hartford Financial Services Group, Inc. reported net income per diluted share of $1.20 for the third quarter of 2003, up from $1.06 per diluted share in the third quarter of 2002. Net income increased 29 percent to...
AXIS Reports $147 Million Q3 Net
Nov 6 2003 // Another of Bermuda’s newer insurers, AXIS Capital, has reported excellent third quarter results. The company announced that its net income for the period rose to $147 million, or $0.90 per diluted share, compared to...
Aegon Posts $533 Million Q3 Net Profit
Nov 6 2003 // Aegon N.V., the Netherlands-based financial group, announced that its third quarter net income was 464 million euros ($533 million), compared to 429 million euros ($493 million) in the third quarter of 2002. For the first...
Aon Posts 3Q, Nine-Month Results
Nov 6 2003 // Chicago-based Aon Corp., the No. 2 broker in the world, has reported third-quarter and nine months 2003 results. Third-quarter net income from continuing operations was $140 million, or 44 cents per share, compared with...
EMC Posts Record 3Q Growth
Nov 6 2003 // Des Moines, Iowa-based carrier EMC Insurance Group Inc. reported operating income of 49 cents per share for the third quarter ended Sept. 30, 2003, compared to 46 cents per share for the third quarter of 2002. Operating...
Selective Group Unveils Q3 Numbers, Notes Favorable Performance
Nov 5 2003 // New Jersey-based Selective Insurance Group, Inc. reported net income of $14.7 million, or $0.53 per diluted share, for the third quarter ended Sept. 30, 2003, up from $11.1 million, or $0.41 per diluted share for the same...
Endurance Specialty Reports Q3 Net up 96% to $56.5 Million
Nov 5 2003 // Bermuda’s Endurance Specialty Holdings Ltd. joined the parade of the island’s insurers who’ve been having a banner year. The company reported third quarter 2003 net income of $56.5 million or $0.83 per...
Max Re Reports $38.8 Million Q3 Net
Nov 4 2003 // Bermuda’s Max Re Capital Ltd. reported net income for the three months ended September 30, 2003 of $38.8 million, or $0.89 per diluted share, compared to a net loss of $14.3 million, or $0.37 per diluted share, for...
AFG’s 3Q Earnings Down 14% From Year Earlier
Nov 3 2003 // Cincinnati-based insurer American Financial Group (AFG) reported net earnings for the 2003 third quarter of $41.6 million, or 59 cents per share. These results include an after-tax charge of $23.1 million, or 33 cents per...
