Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
W.R. Berkley Corp. Reports 1stQ Net Income Doubles to $71.7M
Apr 28 2003 // W. R. Berkley Corporation reported first quarter net income of $72 million, or $1.25 per share, up from $34 million, or 66 cents per share, a year ago. Net operating income for the first quarter of 2003 was $63 million, or...
Ohio Casualty Announces Range of Expected First Quarter Earnings
Apr 28 2003 // Ohio Casualty Corp., the holding company for Ohio Casualty Insurance Co., expects to report net income per share of 31 to 35 cents for the first quarter 2003. This net income per share estimate includes about 21 cents per...
Harleysville Group Posts $3.24 Million Q1 Loss
Apr 28 2003 // The Pennsylvania-based Harleysville Group confirmed earlier announcements that it has suffered a $3.24 million first quarter net loss, compared to a $13.34 million profit for the same period in 2002. Higher than expected...
Safeco Posts First Underwriting Profit in Four Years
Apr 28 2003 // Safeco reported first-quarter net income of $90.0 million, or $0.65 per diluted share in a release today. The numbers mark a significant improvement over the same period in 2002, when Safeco generated net income of $63.6...
Crawford & Co. Revenues Slide in 1st Quarter 2003
Apr 25 2003 // Crawford & Company announced its financial results for the first quarter ended March 31, 2003, noting that revenues before reimbursements totaled $167.3 million compared with $171.8 million in the 2002 first quarter....
Gallagher Profit Down 64.7%, Revenues Up 22%
Apr 25 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co.’s first-quarter net income dropped by 64.7 percent in the first quarter to $11.9 million, while the firm reported $254.3 million in revenues, up by 22...
Erie Indemnity Q1 Net Up Slightly, Despite Operating Losses
Apr 25 2003 // Pennsylvania-based Erie Indemnity Company’s announcement of its first quarter results for 2003 contained both good and bad news. While net income increased by 3.8 percent or $1.7 million to $45.9 million, up from...
Willis Group Posts $117 Million Net Q1 Income
Apr 24 2003 // International broker Willis Group Holdings Limited reported record results for the quarter ended March 31, 2003, with net income of $117 million, or $0.69 per diluted share compared to $68 million, or $0.43 per diluted...
IPC Holdings Reports in Q1 Net Income Increased to $67.5 Million
Apr 24 2003 // Bermuda-based IPC Holdings, Ltd. reported net income for the quarter ended March 31, 2003, of $67.5 million, or $1.40 per share, compared to $43.5 million, or $0.90 per share, for the first quarter of 2002. Operating...
Fiserv Revenues Up 11 Percent; New President Named
Apr 23 2003 // Brookfield, Wis.-based Fiserv Inc. processing and services revenues of $624.8 million, an 11 percent increase over the $560.7 million for the first quarter of 2002. Net income per share-diluted for the first quarter of...
RenRe Posts $126.9 Million Q1 Operating Profit
Apr 23 2003 // Bermuda-based RenaissanceRe Holdings Ltd. reported $126.9 million in first quarter net operating income available to common shareholders, compared to $86.6 million in the first quarter of 2002. Operating earnings per...
Cincinnati Financial Tallies $57 Million in First Quarter
Apr 23 2003 // Cincinnati Financial Corp. reported first-quarter 2003 net income of $57 million, or 35 cents per diluted share, compared with $75 million, or 46 cents per share, in the first quarter of 2002. Net income per share included...
ISO’s New Services Now Connects Insurers’ Extranets to Risk-Management, Loss-Control Info. Database
Apr 22 2003 // Insurance Services Office, Inc.’s (ISO) Engineering and Safety Service (E&S) unit has introduced a new Enterprise Subscription Service that enables insurance companies to connect their extranets for agents,...
Everest Re Group Posts $104 Million Q1 After Tax Operating Income, Ups Earnings Forecast
Apr 22 2003 // The Barbados-based Everest Re Group, Ltd. reported first quarter 2003 after-tax operating income of $104.1 million, or $2.02 per diluted share, a 58% increase compared to $66.1 million, or $1.35 per diluted share in the...
Montpelier Re Expects Q1 Earnings Per Share Between $1.48 and $1.58
Apr 22 2003 // Bermuda-based Montpelier Re Holdings Ltd., a subsidiary of the White Mountains Group, announced that it expects to report first quarter diluted earnings per share between $1.48 and $1.58. Anthony Taylor, President and CEO...
Employers, Fremont Employers Report 4Q and Full Year Financial Results
Apr 18 2003 // Employers Insurance Company of Nevada, A Mutual Company (the “Company”), a leading provider of workers’ compensation products and services, reported its statutory financial results for the fourth quarter...
Institute President Reacts to Full Year 2002 Results
Apr 18 2003 // The property/casualty industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office, Inc....
RLI Begins Year With 59% Earnings Increase
Apr 18 2003 // Peoria, Ill.-based RLI Corp. reported quarterly net earnings of $14.4 million (56 cents per diluted share), a 59 percent gain over the $9.1 million (45 cents per diluted share) posted in the same quarter last year. This...
P/C Industry’s Surplus Falls Despite Improvement in Net Income After Taxes
Apr 17 2003 // The property/casualty insurance industry’s statutory surplus dropped $4.4 billion to $285.2 billion at year-end 2002 from $289.6 billion at year-end 2001. Surplus declined despite improvement in the industry’s...
Loss Prevention Partnership Releases Mid-Program Report
Apr 17 2003 // The Loss Prevention Partnerships program (LPP), a demonstration project of the NeighborWorks® National Insurance Task Force (NITF), has reached its midway point with tangible results. The LPP’s goal is to educate...
