Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Kansas Storm Losses Now Exceed $256 Million
Aug 22 2003 // Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $256 million in losses of insured property and crops during April through July. “The storm season extended well...
Zurich Bounces Back – Posts $701 Million 1st Half Net Income
Aug 20 2003 // Zurich Financial Services has apparently turned the corner after some very rough times. The company’s 1st half results show net income of $701 million – well above most analysts’ expectations –...
Seibels Bruce Announces Profit for Q2
Aug 19 2003 // The Seibels Bruce Group Inc. of Columbia, S.C., announced financial results for the quarter that ended June 30, 2003, noting that the company posted a net profit of $759,000, or $0.08 per share (basic and diluted). This is...
Allcity Insurance Company Announces 1st Half Results
Aug 19 2003 // Allcity Insurance Company, a division of New York’s Empire Group, which is currently in runoff, reported a net loss of $1,620,000 or $0.23 per share for the six months ended June 30, 2003 compared to a net loss of...
Losses from Tropical Storm Bill Estimated at Almost $22M
Aug 19 2003 // Louisiana Insurance Commissioner Robert Wooley announced that new and final estimates by the state’s Department of Insurance show Tropical Storm Bill caused nearly $22 million in insured damages in...
ebix.com Reports Profitable Q2 Results
Aug 18 2003 // Atlanta-based ebix.com Inc. reported second quarter net income of $89,000, or $0.04 per share, as compared to net income of $17,000 or $0.01 per share for the second quarter of 2002. Total revenue for the quarter ended...
GAINSCO Takes Loss for Q2, First Six Months
Aug 15 2003 // GAINSCO Inc., a property/casualty insurance holding company based in Dallas, announced losses in net income for the second quarter and first six months of 2003 but the company noted that the losses are significantly less...
Revenues Increase in Q2 for APS
Aug 15 2003 // Austin, Texas-based American Physicians Service Group Inc. (APS) announced that revenues increased for both the second quarter and the six month period that ended June 30, 2003. For the three months ended June 30, 2003,...
I.I.I. Expects Northeast Blackout Losses to be Modest
Aug 15 2003 // Based on past experience, the insurance implications of the Northeast blackout are likely to be modest, according to the Insurance Information Institute in New York. No specific dollar figure was available as of Thursday...
I.I.I. Says Most Companies Have Cyber-Risk Gaps in Their Coverage
Aug 14 2003 // As companies become more dependent on their computer networks for vital data, business continuity and communications, their vulnerability to cyber catastrophes reportedly increases. “Unfortunately, most companies are...
Allianz Posts Strong 1st Half Results, $115 Million Profit
Aug 14 2003 // Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The...
ING Group Reports $2.362 Billion First Half Operating Profit
Aug 14 2003 // The Netherlands ING Group, one of the world’s largest integrated financial services companies, reported operating net profit of U.S. $2,362 million/EUR 2,068 million for the first six months of 2003, a 6.4 percent...
Q2 Net Income Rises for FPIC
Aug 14 2003 // FPIC Insurance Group Inc. of Jacksonville, Fla., reported net income of $3.5 million, or $0.37 per diluted share, for the second quarter 2003, compared to net income of $2.6 million, or $0.27 per diluted share, for the...
SCOR Posts 18% Drop in 1st Half Premium Income
Aug 13 2003 // France’s SCOR Group reported 2.069 million euros ($2.34 billion) in gross written premiums for the first half of 2003, compared to 2.51 billion euros ($2.84 billion) for the same period in 2002, almost an 18 percent...
Platinum Underwriters Posts $26.6 Million Q2 Net Income
Aug 13 2003 // Bermuda-based Platinum Underwriters Holdings, Ltd. reported second quarter net income of $26.6 million, and basic and diluted net income per common share for the quarter of $0.62 and $0.57, respectively. Board Chairman...
ProAssurance Sees Increased Profits in Q2
Aug 13 2003 // ProAssurance Corp. of Birmingham, Ala., reported significant increases in premiums, income and earnings per share for the quarter and six months that ended June 30, 2003. In addition, according to the company the...
Berkshire Hathaway Says Profit Doubles
Aug 12 2003 // Berkshire Hathaway Inc. said on Friday second-quarter profit more than doubled, helped by rising insurance rates and investment gains from U.S. government bond sales. The Omaha, Neb.-based company, whose patchwork of...
Weak Equity Markets Hit AXA 1st Half Net Earnings, Down 75%
Aug 12 2003 // Despite a solid operating performance which saw a 6 percent rise in underlying earnings to 1.1 billion euros ($1.25 billion) France’s AXA Group posted a sharp decline in net earnings to 209 million euros ($237...
Meadowbrook Posts $2.7 Million Q2 Profit
Aug 11 2003 // Southfield, Mich.-based carrier Meadowbrook Insurance Group second-quarter net income of $2.7 million, or 9 cents per diluted share, compared to $122,000, or 1 cents per diluted share a year ago. The company said the...
APCapital Turns a Profit
Aug 11 2003 // East Lansing, Mich.-based medical liability and workers’ compensation carrier American Physicians Capital Inc. reported net income of $1.1 million, or 12 cents per diluted share for the second quarter of 2003,...
