Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Trenwick Narrows Q1 Net Loss to Under $1 Million
May 16 2003 // The beleaguered Trenwick Group received some much needed good news from its first quarter 2003 results – a net loss of $600,000, or 2 cents a share, compared to a net loss available to common shareholders of $54.6...
Platinum Raises 2003 Earnings Forecast; Will Take $9.5 Million Charge
May 15 2003 // Platinum Underwriters Holdings, Ltd. announced that, “based on the current industry environment, the mix of business underwritten and in the absence of any unusual catastrophe activity, it has updated its guidance...
ESG Re Reports Q1 Loss of $1.78 Million
May 15 2003 // Bermuda-based ESG Re Limited reported an overall loss of $1.8 million for the first quarter of 2003 compared to a budgeted loss of $1.7 million. It also said that “underwriting profit for the quarter amounted to $2.5...
Cincinnati Financial Expects $48 Million in 2ndQ Cat Losses
May 15 2003 // Cincinnati Financial Corp. announced a preliminary estimate of about $48 million for second-quarter pre-tax catastrophe losses resulting from severe weather through May 11. The storm losses, which affected policyholders of...
Ohio Casualty Corp. Notes Storms Impact Q2 Earnings
May 15 2003 // Ohio Casualty Corporation announced that second quarter earnings will be impacted by net catastrophe losses estimated at $12 million before tax which were incurred during the period April 1 though May 11,...
PAULA Financial Reports Net Income for 1stQ 2003
May 15 2003 // PAULA Financial announced net income for the first quarter of 2003 of $0.05 per share compared to $0.03 per shares for the 2002 period. Total revenue for the first quarter of 2003 was $4.6 million compared to $3.3 million...
Platinum Reports $30.6 Million Net Q1 Earnings; Gregory Morrison to Replace Jerome Fadden as CEO
May 14 2003 // Platinum Underwriters Holdings, Ltd.’s first full quarter of independent operation since its initial public offering last October got off to a good start. The company reported net income of $30.6 million, or $0.71...
Penn Treaty Announces Q1 Earnings Expectations
May 14 2003 // Allentown’s Penn Treaty American Corporation announced that “its expectations for first quarter net income and diluted earnings per share of $3,118,000 and $.07, respectively.” The anticipated results in...
AIR Estimates $2.2 Billion-Plus Insured Losses to Storms
May 14 2003 // AIR Worldwide Corp., a leading catastrophe modeling company, estimates that losses from the recent outbreak of severe weather in the central United States could exceed the $2.2 billion loss caused by a severe weather...
AXA Reports Q1 Total Revenues at $23.5 Billion
May 13 2003 // AXA, the Paris-based global financial and insurance group, reported slightly lower total revenues for the first quarter of 2003 of 20.431 billion Euros ($23.495 billion), down 3.3 percent in absolute terms compared to the...
Navigators Group Reports 40 Percent Jump in Income
May 13 2003 // The Navigators Group, Inc. reported net income increased 40 percent for the first three months of 2003 to $4,834,000 or $0.55 per share, compared to $3,450,000 or $0.40 per share reported for the same period in 2002. The...
Berkshire Hathaway Profit Up Thanks to Hardened Market
May 13 2003 // Omaha, Neb.-based Berkshire Hathaway Inc. nearly doubled the profit of the first quarter of 2002, thanks to the hardened insurance market. Berkshire reported a net profit of $1.73 billion, or $1,127 a share, compared to...
Strong Growth Drives Record Q1 Results for HCC
May 12 2003 // Houston-based HCC Insurance Holdings Inc. released earnings for the first quarter of 2003, reporting a 30 percent increase in net earnings over the same period in 2002. The company saw first quarter 2003 net earnings of...
Argonaut Group Notes Q1 Results
May 9 2003 // San Antonio-based Argonaut Group, Inc. announced financial results for the three months ended March 31. First quarter highlights: *The company’s Excess & Surplus Lines (E&S) segment reported a 107 percent...
Net Income Up for Hallmark Financial Services
May 9 2003 // Dallas-based Hallmark Financial Services Inc. reported operating results for the first quarter ended March 31, 2003, noting its net income rose to $8.6 million, or $0.75 on a diluted per share basis, compared to a net loss...
Ohio Casualty 1stQ Profit Down 26% From Year Ago
May 9 2003 // Ohio Casualty Corp. announced first-quarter net income of $19.9 million, or 33 cents per share, down 26 percent from $26.9 million, or 44 cents per share a year ago. CEO Dan Carmichael blamed the results on catastrophe...
Meadowbrook Reports $2.8 Million Profit, Expenses Options
May 9 2003 // Southfield, Mich.-based Meadowbrook Insurance Group’s quarterly profit grew more than 200 percent to $2.8 million, or 9 cents per share, compared to $910,000, or 11 cents per share in 2002. The improvement in net...
Kansas City Life Insurance Company First Quarter, 2003 Earnings Release
May 9 2003 // Kansas City Life Insurance Company posted a $0.62 per share net loss in the first quarter 2003, compared with a $0.54 per share net income last year. The net loss of $7.5 million for the quarter is primarily due to...
Seibels Bruce Shows Profit in First Quarter
May 8 2003 // South Carolina’s The Seibels Bruce Group Inc. announced financial results for the quarter that ended March 31, 2003, reporting that the company posted a net profit of $1.4 million, or $0.17 per share (basic and...
PXRE Q1 Earnings Up 30% to $23.6 Million; Jeff Radke Named as New CEO
May 8 2003 // The Bermuda-based PXRE Group Ltd. announced significantly higher profits for the first quarter ended March 31, 2003 with net income for the quarter up by 30 percent to $23.6 million, compared to $18.2 million in the first...
