Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Risk Retention-The Growing Role of the Alternative Market
Aug 5 2002 // How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and...
Alternative Markets Offer a Variety of Risk Management Options
Aug 5 2002 // How do I insure thee? Let me count the ways.” With apologies to Elizabeth Barrett Browning, that question’s become increasingly meaningful for risk managers, insurers, agents, brokers, consultants and...
AMERICAN NAT’L PROFITS JUMP
Aug 5 2002 // Texas-based American National Insurance Company reported its gain from operations after tax for the second quarter of 2002 was $27,565,000 ($1.04 per share) versus $16,116,000 ($0.61 per share) for the same period in 2001,...
Ohio Casualty Reports Drop in Net Income for 2ndQ
Aug 2 2002 // Ohio Casualty Corporation, based in Fairfield, Ohio, announced net income of $13.1 million, or $0.21 per share, for the second quarter ended June 30. In the same quarter of 2001, the Corporation reported net income of...
A.M. Best Affirms Rating of OneBeacon’s Subsidiaries
Aug 1 2002 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the insurance subsidiaries of OneBeacon Insurance Group, Boston. A.M. Best also affirmed the indicative shelf registration ratings for Fund...
AXIS Specialty Notes Quarterly Results
Jul 31 2002 // Bermuda-based AXIS Specialty Ltd. announced net income of $30.0 million for the quarter and $61.7 million for the six months ended June 30, 2002. Gross premiums written for the quarter and the six months ended were $260.7...
PMA Capital Reports Major Rise in Operating Earnings for Core Business
Jul 31 2002 // Philadelphia-based PMA Capital announced strong premium growth and a significant increase in operating income in its core businesses for the second quarter of 2002. Excluding run-off operations, after-tax operating income...
Baldwin & Lyons Operating Income Increases
Jul 31 2002 // Indianapolis-based Baldwin & Lyons, Inc. announced a record second quarter operating income, before capital losses, of $5.4 million, or $.46 per share, compared to $3.7 million, or $.30 per share, for the second...
BNCCORP Reports Lower 2ndQ Earnings
Jul 30 2002 // North Dakota-based BNCCORP Inc. reported net income of $102,000, or $0.03 per common share on a diluted basis, for the second quarter ended June 30, 2002 compared with net income of $691,000, or $0.28 per share for the...
Crawford & Co. Reports Lower 2ndQ Results
Jul 29 2002 // Atlanta-based Crawford & Company released financial results for the second quarter of 2002, including $178 million in revenues before reimbursements compared to $186.5 million in the second quarter of 2001. Operating...
ISO Estimates Insurers to Pay $2B for Second-Quarter Claims
Jul 29 2002 // Insurers are expected to pay $1.97 billion to homeowners and businesses for insured-property losses from 10 catastrophe events in the second quarter of this year, according to preliminary estimates by the Insurance...
Unitrin Inc. Reports Improved 2ndQ Results
Jul 29 2002 // Chicago-based Unitrin Inc. reported net income from operations was $7.7 million ($0.11 per common share) for the three months ended June 30, 2002, compared to a net loss from operations of $7.2 million ($0.11 per common...
W.R. Berkley Corp. Notes Quarterly Earnings Increase
Jul 26 2002 // W.R. Berkley Corp. reported its quarterly earnings grew, driven by greater policy rates. The company noted its second-quarter net income rose to $27.4 million, or 52 cents a share, compared with $9.6 million, or 21 cents a...
RTW Inc. Reports Profitable 2ndQ
Jul 26 2002 // Minnesota-based RTW, Inc., a provider of products and services for cost-effective management of workers’ compensation programs, reported net income for the second quarter ended June 30, 2002, of $323,000, or $0.03...
American National Sees 71 Percent Increase in 2ndQ Results
Jul 25 2002 // Texas-based American National Insurance Company reported its gain from operations after tax for the second quarter of 2002 was $27,565,000 ($1.04 per share) versus $16,116,000 ($0.61 per share) for the same period in 2001,...
Quotesmith.com Reports Second-Quarter Financial Results
Jul 25 2002 // Quotesmith.com Inc., the online insurance broker that provides instant quotes from more than 300 leading companies, announced financial results for the second quarter ended June 30. “Quotesmith.com delivered an...
Hilb, Rogal and Hamilton Records 2ndQ Increases
Jul 24 2002 // Virginia-based Hilb, Rogal and Hamilton Company reported total revenues for the second quarter increased 23.0 percent to $95.7 million compared with $77.8 million a year ago. Commissions and fees rose 27.5 percent to $94.7...
Everest Re’s Drop in 2ndQ Net Income Due to WorldCom
Jul 24 2002 // Bermuda-based Everest Re Group Ltd. reported a decrease in second quarter 2002 net income, affected by the previously disclosed investment losses from exposure to WorldCom, of 6.8 percent to $53.4 million, or $1.02 per...
The St. Paul Cos. Notes 2ndQ Loss
Jul 24 2002 // The St. Paul Companies announced a second-quarter 2002 net loss of $223 million, or $1.09 per diluted share, including the previously announced $380 million after-tax impact of its settlement of the Western MacArthur...
MMC Reports 18 Percent Increase in Earnings Per Share
Jul 24 2002 // Marsh & McLennan Companies, Inc. (MMC) reported consolidated revenues for the second quarter increased 3 percent to $2.6 billion from the second quarter of 2001. Net income grew 15 percent to $336 million, and...
