Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Harleysville Group Releases Q2 Earnings
Jul 28 2003 // Pennsylvania-based Harleysville Group Inc. reported diluted operating income of $0.33 per share for the second quarter ended June 30, 2003, compared to $0.46 per share in the same period of 2002. For the six months ended...
Unitrin Reports 34-Cent Q2 EPS
Jul 25 2003 // Chicago-based Unitrin Inc. reported net income of $22.7 million (34 cents per common share) for the second quarter, compared to net income of $4.4 million (6 cents per common share) for the same period in 2002. Profit was...
Old Republic’s Q2 Growth Driven by General and Title Insurance
Jul 25 2003 // Chicago-based carrier Old Republic International Corp.’s consolidated net operating income per share for this year’s second quarter grew by 8.1 percent compared to the same period of 2002. For the first half of...
Montpelier Re Reports Net Income of $112.5M for Q2
Jul 25 2003 // Bermuda-based Montpelier Re Holdings Ltd. reported net income of $112.5 million, or $1.66 diluted earnings per share, for the three months to June 30, 2003 and net income of $216.3 million, or $3.24 diluted earnings per...
Fiserv Reports Q2 Earnings
Jul 24 2003 // Brookfield, Wis.-based Fiserv, Inc., a financial and insurance industry software provider, announced record earnings for the second quarter of 2003. For the three-month period ended June 30, 2003, Fiserv processing and...
RTW Reports Profitable Q2
Jul 24 2003 // Minneapolis-based RTW Inc., which manages both insured and self-insured workers’ compensation programs, reported net income for the second quarter ended June 30, 2003, of $639,000, or 12 cents per basic and diluted...
Willis Group Reports Q2 Results
Jul 24 2003 // Willis Group Holdings Limited reported record results for the quarter and six months ended June 30, 2003. Separately, the Board of Directors approved a 30 percent increase in the regular quarterly cash dividend on the...
W.R. Berkley Corp. Reports 96% Increase in Q2 Net Operating Income to $67.6M
Jul 24 2003 // Connecticut-based W. R. Berkley Corporation reported second quarter net income of $95.8 million, or $1.65 per share, up from $27.4 million, or 52 cents per share, a year ago. Net operating income for the second quarter of...
MMC Notes Q2 Results
Jul 23 2003 // Marsh & McLennan Companies, Inc. (MMC) reported financial results for the quarter and six months ended June 30, 2003. Consolidated revenues for the quarter increased 10 percent to $2.9 billion from $2.6 billion in the...
Gallagher’s Earnings Up 32% in Second Quarter
Jul 23 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. reported its financial results for the three- and six-month periods ended June 30, 2003. “We are extremely pleased with the pretax margin improvements...
Claudette Insured Losses Start at $17 Million
Jul 22 2003 // An insurance industry spokesperson said today that preliminary insured losses from Hurricane Claudette are starting at $17 million. “It is still far too early to estimate precisely what total insured losses will be....
ACE INA UK Announces 2003 Half-Year Results
Jul 22 2003 // ACE’s creation of a unique London-based trading floor is paying considerable dividends for ACE INA UK Limited, the newly re-authorised business of the ACE European Group. Results for the first six months of trading...
The Benefits of Forming Your Own Premium Finance Company
Jul 21 2003 // This is the first in a three-part series on captive premium financing. Part Two will run in the August 18 issue of Insurance Journal. Agents and managing general agents continue to reap the benefits of a growing excess and...
Midland Loses Cool Million in Q2
Jul 18 2003 // Cincinnati-based Midland Co. reported a net loss of $1 million, or 6 cents per share, including 10 cents in realized capital gains for the second quarter. That compares with net income of $5.9 million, or 33 cents per...
S&P Updates Royal SunAlliance USA Group Members
Jul 17 2003 // Standard & Poor’s commented on the members of the Royal SunAlliance USA group (RSA USA): Royal Insurance Co. of America, Royal Indemnity Co., Connecticut Indemnity Co., Security Insurance Co. of Hartford,...
Water Losses Flood Calif. Homeowners’ Market, Study Says
Jul 17 2003 // The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and...
RLI Earnings 22% Higher Than Year Earlier
Jul 17 2003 // Peoria, Ill.-based RLI Corp. posted quarterly net earnings of $15.4 million (60 cents per diluted share), a 22 percent per-share improvement over the $10.0 million (49 cents per diluted share) posted in the second quarter...
Cincinnati Financial Expects 99% Q2 Combined Ratio
Jul 15 2003 // Cincinnati Financial Corp. has announced that it expects strong second-quarter 2003 results as momentum carries over from 2002 and the first quarter of 2003. Based on preliminary data, management expects second quarter...
State Auto Financial Expects Storms to Impact Earnings
Jul 10 2003 // Ohio-based State Auto Financial Corporation has increased its estimate of May storm losses by $16 million, bringing the total to $39 to $42 million, pre-tax. This will add seven loss ratio points to the previous estimate...
EICN, A Mutual Company, and Fremont Employers Insurance Co. Note Q1 Results
Jul 8 2003 // Employers Insurance Company of Nevada, A Mutual Company (“EICN”) and its wholly owned subsidiary Fremont Employers Insurance Company (“FEIC”) (collectively the “Company”), a provider of...
