Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
MIIX Group Reports First Quarter Profit
May 8 2003 // The MIIX Group, Inc. of Lawrenceville, NJ, a provider of medical professional liability insurance services, announced net operating income of $7.2 million, or $.54 per share, for the first quarter ended March 31, 2003,...
Aon: Personal Lines Had Lowest Earnings Volatility in 2002
May 8 2003 // Aon Corp. announced the results of its 2002 “Property and Casualty Earnings Volatility Study” that highlighted the insurers and reinsurers that were most effective at minimizing the volatility in their...
Midwest Tornadoes Cause at Least $325 Million in Insurance Losses
May 8 2003 // Tornadoes that swept across Arkansas, Kansas, Missouri, Nebraska, South Dakota and Tennessee earlier this week could cost insurers at least $325 million — making it one of the top five costliest tornado events, according...
CNA 1stQ Profit Up 315% From 2002
May 8 2003 // Chicago-based commercial lines leader CNA Financial Corp. reported first-quarter net income of $83 million, or 30 cents per share, up 315 percent from $20 million, or 9 cents per share, in the first quarter of 2002. Net...
Report Says U.S. Insurance Industry Loses $13.7B Annually Due to Auto Premium Rating Error
May 7 2003 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, released its annual Premium Rating Error report, detailing just how much often-overlooked premium rating errors diminish the overall profits of...
Selective Group Notes Q1 Earnings
May 7 2003 // New Jersey-based Selective Insurance Group, Inc. reported net income of $8.0 million, or $0.29 per diluted share, for the first quarter ended March 31, 2003, compared with $10.3 million, or $0.39 per diluted share for the...
CNA Surety Profit Down 9% From Year Ago
May 6 2003 // Chicago-based CNA Surety Corp. reported that net income for the first quarter of 2003 was $9.6 million, or 22 cents per share, down 9 percent from a year ago’s $10.6 million, or 25 cents per share. This decrease...
Aon’s 1stQ Profit Down 5% From Year Ago
May 6 2003 // Chicago-based brokerage Aon Corp. reported quarterly earnings of $152 million, or 48 cents per share, down 5 percent from a year ago’s $160 million, or 57 cents per share. The company, one of the top insurance...
PartnerRe Reports $124.6 Million Q1 Net Income
May 6 2003 // Bermuda-based PartnerRe Ltd., reported excellent first quarter results with net income of $124.6 million, or $2.23 per share on a fully diluted basis, compared to net income for the first quarter of 2002 of $63.3 million...
Endurance Specialty Holdings Reports $51 Million Q1 Net Income
May 6 2003 // Bermuda-based Endurance Specialty Holdings Ltd., a provider of property and casualty insurance and reinsurance set up by Aon and Zurich Financial Services in 2001, announced first quarter net income of $51.201 million, or...
Max Re Capital Ltd. Reports $14.562 Million Q1 Net Income
May 6 2003 // Another Bermuda-based company, Max Re Capital Ltd., reported a good first quarter, with net income for the period ended March 31, 2003 of $14.562 million, or $0.38 per diluted share, compared to net income of $2.6 million,...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Buffett Announces Record Profits, Says He Has 4 Possible Successors
May 5 2003 // Berkshire Hathaway Inc. CEO Warren E. Buffett announced the Omaha, Neb., insurer would have first-quarter operating earnings of about $1.7 billion, which he described as “the best operating earnings we’ve ever...
Horace Mann Notes 1stQ Results
May 2 2003 // Illinois-based Horace Mann Educators Corporation reported net income of $8.1 million, or 19 cents per share, for the first quarter ended March 31, 2003. Net income for the first quarter of 2002 was $15.6 million, or 38...
AFG Reports $25.1 Million in First-Quarter Earnings
May 2 2003 // Cincinnati-based American Financial Group Inc. reported net earnings for the first quarter of $25.1 million (36 cents per share). These results include an after-tax loss of $25.6 million on the sale of 61 percent of...
Kingsway Reports Q1 Net Income up 33% at $24.4 Million
May 2 2003 // Toronto-based, Kingsway Financial Services Inc., a leading provider of commercial and non-standard auto coverage in Canada and the U.S., announced record financial results for the quarter ended March 31, 2003, posting...
AXIS Announces First Quarter Results
May 2 2003 // AXIS Capital Holdings Limited, the Bermuda-based specialty insurer formed in 2001 by Marsh Inc.’s. Trident II fund and other investors, announced that gross premiums written for the quarter ended March 31, 2003 were...
Zenith Nat’l Reports 1stQ Results
May 1 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $11.7 million, or $0.62 per share, for the first quarter of 2003 compared to net income of $2.8 million, or $0.15 per share, for the first...
