Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
State Auto 3Q Profit Up 165% Over Year-Earlier
Oct 28 2003 // Columbus, Ohio-based insurer State Auto Financial Corp. (STFC) reported third-quarter net income increased to $15.5 million, or 38 cents per diluted share, versus $5.8 million, or 15 cents per diluted share for the same...
W.R. Berkley Corp. Notes 89% Increase in Q3 Net Income
Oct 28 2003 // W. R. Berkley Corporation reported third quarter net income of $76 million, or 87 cents per share, up from $41 million, or 52 cents per share, a year ago. Net operating income for the third quarter of 2003 was $74 million,...
Chubb Reports Q3 Net Income of $259.8 Million; Premiums Jump 23%, Combined Ratio is 96.6%
Oct 28 2003 // The Chubb Corporation reported that net income in the third quarter of 2003 was $259.8 million or $1.37 per share, compared to a net loss of $242.1 million ($1.42 per share) in the third quarter of 2002. Operating income,...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Crawford Notes Q3 and Nine Month Financial Results
Oct 28 2003 // Atlanta-based Crawford & Company announced its financial results for the third quarter ended Sept. 30. Third quarter 2003 revenues before reimbursements totaled $172.2 million compared with $175.9 million in the 2002...
Converium Posts $44.3 Million Q3 Net Income
Oct 28 2003 // Swiss-based Converium Holding Ltd. reported third quarter net income of $44.3 million on net premiums written of $887.4 million, beating analysts’ forecasts, and reversing the $5.6 million loss it reported during the...
Infinity Property and Casualty Corp. Reports Successful Q3 Numbers
Oct 28 2003 // 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 third quarter of $15.0 million or $0.72...
Unitrin Posts $43.1 Million 3Q Profit
Oct 27 2003 // Chicago-based insurer Unitrin Inc. reported net income of $43.1 million (64 cents per common share) for the three months ended Sept. 30, 2003, compared to a net loss of $18.1 million (27 cents per common share) for the...
Fiserv Reports Q3 Record Earnings
Oct 24 2003 // Brookfield, Wis.-based financial services software-maker Fiserv Inc. announced today record earnings for the third quarter of 2003. For the three-month period ended Sept. 30, 2003, Fiserv processing and services revenues...
Midland Continues Double-Digit Premium Growth
Oct 24 2003 // Cincinnati-based specialty insurer The Midland Co. reported net income for the third quarter of $4.3 million, or 23 cents per share, including 4 cents in realized capital gains, compared with a net loss of $2.6 million, or...
RLI Q3 Numbers Lead to New Earnings Records
Oct 24 2003 // Illinois-based RLI Corp. reported third quarter net earnings of $25.4 million ($0.98 per diluted share) were 250 percent better per share than the $5.6 million ($0.28 per diluted share) reported for the same period last...
Allianz Sees Return to Profit after Asset Sale, Tax Changes
Oct 24 2003 // Germany’s Allianz said it expects to achieve “positive results” for its 2003 fiscal year, not only from improved profitability in its operations, but also following the sale of 40 percent of its stake in...
Willis Reports Record Q3, Nine Month Earnings
Oct 23 2003 // Willis Group Holdings Limited reported record results for the third quarter and nine months ended September 30, 2003, posting net income for the quarter of $99 million, or $0.59 per diluted share compared to $31 million,...
RenRe Reports Q3 Net Income Up 28% to $1.59 Per Share
Oct 23 2003 // RenaissanceRe Holdings Ltd., Bermuda’s premier property reinsurer, reported that its net income available to common shareholders rose 28.3% to $113.2 million or $1.59 per common share in the quarter, from $88.2...
Markel’s Q3 Results to be Impacted by Increase in Loss Reserves
Oct 23 2003 // Markel Corporation announced that its third quarter results will be impacted “by increases in loss reserves for asbestos and environmental exposures ($55 million) and increases in prior years’ loss reserves for...
Safeco Survey Finds Small-Business Owners Ill-Prepared When Disaster Strikes
Oct 22 2003 // A new nationwide survey by Safeco Corp. found most small-business owners are ill-prepared to recover costs if disaster strikes, such as company’s payroll, operating expenses and profits, and aren’t...
Everest Re Posts 38.8% Increase in Q3 Net Income
Oct 21 2003 // Everest Re Group, Ltd. reported from the Barbados that its third quarter 2003 net income increased 38.8 percent to $100.3 million, or $1.77 per diluted share, compared to $61.3 million, or $1.19 per diluted share, in the...
MMC Notes Increased Q3 and Nine Month Results
Oct 21 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and nine months ended Sept. 30. Consolidated revenues for the quarter increased 11 percent to $2.8 billion. Net income rose 19 percent...
Ala. Warehouse Deemed Total Loss in Fire
Oct 20 2003 // An early morning fire Saturday, Oct. 18, in Oxford, Ala., resulted in injuries to five people – three firefighters and two employees of Southern Tool, Incorporated. Oxford Fire Department responded to the fire that...
Commentary on First Half 2003 Results
Oct 20 2003 // The property/casualty insurance industry reported a statutory rate of return of 9.7 percent in the first half of 2003, up from a disappointing 1.0 percent in 2002 and the worst-ever negative 2.4 percent recorded in 2001....
