Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
LKQ Posts 16% Growth Over Last 3Q
Nov 3 2003 // Chicago-based OEM auto parts provider LKQ Corp. reported results for its third quarter ended Sept. 30, 2003, with revenue of $83.5 million and net income of $3.5 million, representing growth over the third quarter of 2002...
Fairfax Financial Reports Q3 Loss, Nine Month Earnings Gain
Nov 3 2003 // Toronto-based Fairfax Financial Holdings Limited continued to post strong operating results for the first nine months of 2003 with record net earnings of $380 million for the period. The company announced, however, that...
Allied World Reports $71.6 Million Q3 Net
Nov 3 2003 // One of Bermuda’s newer insurers, Allied World Assurance Holdings, Ltd., is doing very well. It reported net income of $71.6 million for the third quarter 2003, compared to $40.9 million for the third quarter last...
ISO REPORTS INSURERS’ Q3 CAT LOSSES ESTIMATED AT $2.9 BILLION:
Nov 3 2003 // Insurers are expected to pay $2.9 billion to homeowners and businesses for insured property losses from seven catastrophic events in the third quarter of this year—up more than 300 percent from the year-ago...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
Horace Mann’s Reserve Boost Drops Earnings 37 Cents Per Share
Oct 31 2003 // Springfield, Ill.-based insurer Horace Mann Educators Corp. announced that its net income for the third quarter and nine months ended Sept. 30, 2003, was negatively affected by approximately 57 cents per share due to...
Fla. Agent Facing Felony Charge, Loss of License
Oct 31 2003 // A Florida insurance agent has lost his license and is facing a felony charge after more than $180,000 allegedly was stolen by his son, a former insurance agent who previously had reportedly been banned from the industry...
Quotesmith.com Narrows Q3 Loss to $319,000
Oct 31 2003 // Darien, Ill.-based online broker Quotesmith.com Inc., owner of insure.com, announced financial results for the third quarter ended Sept. 30, 2003. “Quotesmith.com made substantial progress in the third quarter...
American National Sees 39% Increase in Q3 Net Income
Oct 30 2003 // American National Insurance Company, based in Galveston, Texas, reported third quarter 2003 net income of $43,960,000 ($1.66 per share) compared to $31,436,000 ($1.19 per share) for the same period in 2002, an increase of...
Old Republic Reports 14th Straight Earnings Increase
Oct 30 2003 // Chicago-based insurer Old Republic International Corp. reported greater earnings for this year’s third quarter and first nine months. Net income in this year’s third quarter totaled $119.9 million, or 98 cents...
Cincinnati Financial Posts $104 Million Q3 Profit
Oct 30 2003 // Ohio-based insurer Cincinnati Financial Corp. (CFC) reported third-quarter 2003 net income of $104 million, or 64 cents per diluted share, compared with $72 million, or 44 cents per share, in the third quarter of 2002. Net...
eAutoclaims Notes Second Straight Profitable Quarter; Collision Repair Management Drives Profitability
Oct 30 2003 // Florida-based eAutoclaims reportedly just completed its second profitable quarter. Net income for the six-months ended July 31, 2003 totaled $230,102 compared to a net loss of $2,364,056 for the six-months ended July 31,...
The MIIX Group Notes Q3 Results
Oct 30 2003 // Patricia Costante, chairman and CEO of The MIIX Group, Inc., a New Jersey-based provider of medical professional liability insurance services, announced net operating income for the third quarter ended Sept. 30, 2003, of...
XL Reports Q3 Net Income of $99 Million
Oct 30 2003 // Bermuda’s XL Capital Ltd. reported $99 million in net income available to ordinary shareholders for the quarter ended September 30, 2003, or $0.71 per ordinary share, compared with net income of $184.1 million, or...
Argonaut Reports 54% Increase in Q3 2003 Premiums
Oct 29 2003 // San Antonio-based Argonaut Group Inc. announced financial results for the three- and nine-month periods ended Sept. 30, 2003. According to the company, highlights for the third quarter of 2003 include: · The...
Zenith Announces Third Quarter Results
Oct 29 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $16.1 million, or $0.85 per share, for the third quarter of 2003 compared to net income of $8.7 million, or $0.46 per share, for the third...
