Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Kan. Storm Losses Exceed $215 Million
Aug 4 2003 // Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $215 million in losses of insured property and crops during April through June. “We saw a lot of damage in a...
Insure the Game You Love to Play
Aug 4 2003 // Like most other industries, clubs have been impacted a great deal by the hardening market. While recent pricing has improved slightly, clubs still face pricing, stability and consistency issues with respect to their...
Zenith Announces Second Quarter Results
Aug 1 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $18.4 million, or $0.97 per share, for the second quarter of 2003 compared to net income of $6.5 million, or $0.34 per share, for the...
White Mountains Continues Strong Growth in Book Value
Aug 1 2003 // Bermuda-based White Mountains Insurance Group, Ltd. ended the second quarter of 2003 with a fully converted tangible book value per share of $281, an annualized increase of 18 percent (including dividends) from $259 at...
Fremont General Reports Increase in Quarterly Net Income
Aug 1 2003 // Santa Monica-based Fremont General Corporation reported net income from continuing operations of $46,787,000 for the second quarter of 2003. This represents an increase of 99 percent, as compared to net income of...
AFG Posts $30 Million Q2 Profit
Aug 1 2003 // Cincinnati-based carrier American Financial Group Inc. reported second-quarter net earnings of of $30.5 million (44 cents per share). The results included an after-tax charge of $28.5 million (41 cents per share) for the...
Bowman Specialty Services Names Kadel Loss-Control Chief
Jul 31 2003 // Michael Kadel has been named director of technical services by Bowman Specialty Services, LLC, a loss-control and safety-engineering firm in New York City. Kadel is a former captain with the New York City Department....
U.S.I. Holdings Corp. Reports Record Q2 Results
Jul 31 2003 // San Francisco-based U.S.I. Holdings Corporation reported record financial results for the second quarter ended June 30, 2003. Net income from continuing operations for the quarter increased $5.3 million to $7.6 million...
Quotesmith.com Posts Q2 Loss, Lowers Profit Expectations
Jul 31 2003 // Darien, Ill.-based Quotesmith.com Inc., the online insurance broker that provides instant quotes from more than 300 leading insurance companies, announced financial results for the second quarter ended June 30,...
St. Paul Reports $214 Million Q2 Profit
Jul 31 2003 // The St. Paul Co. announced second-quarter 2003 net income of $214 million, or 89 cents per share, up from a second-quarter 2002 net loss of $223 million, or $1.09 per share. Second-quarter 2003 operating earnings were $172...
Cincinnati Financial’s Q2 Profit Up 58% Over Last Year’s
Jul 30 2003 // Multi-line insurer Cincinnati Financial Corp. reported second-quarter net income of $84 million, or 52 cents per diluted share, compared with $35 million, or 21 cents per share, in the second quarter of 2002. These figures...
Endurance Specialty Holdings Reports 2ndQ 2003 Results
Jul 30 2003 // Endurance Specialty Holdings Ltd. reported second quarter 2003 net income of $66.8 million or $0.99 per diluted share versus net income of $31.3 million or $0.52 per diluted share in the second quarter of 2002. In the...
GAO Report Cites Losses as Primary Driver of Medical Liability Costs
Jul 30 2003 // A new report from the General Accounting Office (GAO) concluding that medical liability losses are the primary drivers of insurance rates reportedly corroborates data provided to the GAO last December by the National...
AXA Consolidated Revenues Up 3.5 Percent
Jul 30 2003 // AXA reported consolidated revenues of Euro 37.5 billion for the first half of 2003. On a comparable basis (adjusted for scope and currency changes), revenues grew by 3.5 percent compared to the same period last year. On a...
Fireman’s Fund Appoints Donney as Marine Loss Control Director
Jul 29 2003 // Tim Donney has joined Fireman’s Fund McGee Marine Underwriters at the company’s New York City headquarters as Marine Loss Control Director. A 25-year veteran of marine loss control, Donney will manage the loss...
ISO Reports Insurers Expected to Pay $4.9B for Q2 Catastrophe Losses
Jul 29 2003 // U.S. property/casualty insurers are expected to pay policyholders an estimated $4.9 billion for insured property-loss claims from four catastrophic events in the second quarter ― the second-highest second quarter in...
Mercury General Corp. Announces Q2 Results
Jul 29 2003 // Los Angeles-based Mercury General Corporation reported that net income was $43.4 million, or $0.80 per share (diluted), in the second quarter 2003 compared with $1.3 million, or $0.02 per share (diluted), in the same...
ACE Limited Reports Second Quarter Results
Jul 29 2003 // Hamilton, Bermuda-based ACE Limited reported the results of operations for the quarter ended June 30, 2003. Highlights for the quarter are as follows: Net income for the quarter was $371 million compared with net income of...
St. Paul Surety Claims Brings Earnings Down by $120 Million
Jul 28 2003 // The St. Paul Cos. advised today that the second-quarter 2003 earnings impact related to a surety exposure, with a total aggregate face amount of $120 million as previously described in a Report on Form 8-K filed on April...
Profitable Performance by Safeco’s Auto and Group Lines Drives Q2 Results
Jul 28 2003 // Profitable performance of its Auto and Group stop-loss medical insurance lines drove Safeco’s second-quarter results as the company reported net income of $111.9 million, or $0.81 per diluted share. This compares...
