Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Insurance Auto Auctions Reports Decreased 4Q Revenues
Mar 5 2002 // Automotive salvage and claims processing services provider, Insurance Auto Auctions Inc., based in Illinois, reported decreased revenues for the fourth quarter 2001, but recorded a $0.6 million operating profit before...
N.Y. Superintendent Details Need for Federal Backstop for Terrorism Losses
Mar 4 2002 // New York Superintendent Gregory V. Serio testified recently before the U.S. House of Representatives Committee on Financial Services Subcommittee on Oversight and Investigations, detailing the status of the insurance...
MIIX Group Reports $162.8 Million Q4 Loss
Mar 1 2002 // The MIIX Group of Lawrenceville NJ announced a net operating loss for the fourth quarter of 2001 of $162.8 million compared to net operating income in 2000 of $4.2 million for the same period. The group, which specializes...
ING Reports 6.1% Net Profit Rise to $3.764 Billion
Mar 1 2002 // Holland’s ING Group reported that operational net profit rose 6.1 percent to €4.252 billion ($3. 764 billion) in 2001. Operational net profit from insurance operations did even better increasing by 19.7 percent...
State Auto Financial Announces 4Q Losses, Higher Annual Revenues
Mar 1 2002 // Ohio-based State Auto Financial Corporation, a regional property and casualty insurance holding company reported net losses for the fourth quarter of 2001 and increased revenues for the year. The company, which primarily...
Donegal Group Posts Q4 Loss, Decline in Full Year Income
Feb 26 2002 // Donegal Group Inc. of Marietta Pa. reported an operating loss for the fourth quarter of 2001 of $572,172, or $.06 per share on a diluted basis, and operating income of $6,399,099, or $.70 per share on a diluted basis, for...
Swiss Re Reports Renewal Rate Increases, Expects 2001 Loss
Feb 26 2002 // Swiss Re reported that its property/casualty and financial services renewals in January 2002 “saw significant improvements in rates as well as terms and conditions across all lines of business.” The company...
CNA FINANCIAL REPORTS 4Q LOSS
Feb 25 2002 // CNA Financial Corp. reported a fourth-quarter 2001 net loss of $22 million, compared with net income of $193 million for the same quarter in 2000. According to Chairman and CEO Bernard Hengesbaugh, 2001 was a year when the...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Meadowbrook Insurance Group Releases 4Q, Year-End Results
Feb 22 2002 // Michigan-based Meadowbrook Insurance Group Inc., a provider of alternative risk management services to agents, brokers, and insureds, announced its fourth quarter and year end financial results. Revenues increased 33.7...
NYMAGIC Reports Q4 Revenue Gains, Mixed Full Year Results
Feb 20 2002 // NYMAGIC, Inc., an insurance holding company specializing in ocean and inland marine and aircraft coverage, announced that “total revenues for the fourth quarter ended December 31, 2001 increased 21% to $39.5 million...
IPC Holdings Reports Q4 Gains, Loss for the Year
Feb 20 2002 // Bermuda-based IPC Holdings followed an emerging industry pattern with its announcement that gross premiums written in the fourth quarter increased 42.2 percent to $7.389 million and operating income grew at the same rate...
W.R. Berkley Corp. Reports 4Q Loss
Feb 18 2002 // W.R. Berkley Corporation reported an operating loss for the fourth quarter ended Dec. 31, 2001 of $15 million, or 49 cents per share, compared with operating income of $14 million, or 52 cents per share, for the same...
AXA Group Revenues Rise 2.1% to $65.44 Billion
Feb 15 2002 // French-based AXA Group announced that its total consolidated revenues for the year 2001 were € 74.854 Billion ($65.44 billion), a 2.1 percent increase over the group’s 2000 results. Essentially AXA’s gross...
CNA Financial Announces Net Loss for 4Q, Year-End
Feb 15 2002 // CNA Financial Corporation reported a fourth quarter 2001 net loss of $22 million compared with net income of $193 million for the same quarter in 2000. Total net loss for the year ended Dec. 31, 2001 was $1.6 billion...
PXRE Posts Q4 Gains, Net Loss for the Year, Approves Capital Increase
Feb 14 2002 // Bermuda’s PXRE Group Ltd. reported that its net income in the fourth quarter increased 56 percent to $8.342 million from $5.335 million for the same period in 2000. Revenues rose 18 percent to $59.964 million, while...
ACE, XL Report Q4 Earnings, Full Year Results
Feb 13 2002 // Bermuda’s two largest insurers, ACE and XL, both announced disappointing fourth quarter results, with ACE’s net income down around 60 percent to $46.265 million for the period, and XL recording a net loss of...
Willis Reports Record Q4, Full Year Earnings
Feb 13 2002 // Global insurance broker Willis Group Holdings Limited reported record revenue and operating earnings growth for both the fourth quarter and year ended December 31, 2001. “Operating cash earnings for the fourth...
Zenith Reports Year-End Net Loss of $23.8M
Feb 13 2002 // California-based Zenith National Insurance Corp. reported a net loss for the year ended Dec. 31, 2001 of $23.8 million, or $1.35 per share, compared to a net loss for the year ended Dec. 31, 2000 of $46.8 million, or $2.72...
PartnerRe Posts Strong Growth, But WTC Attacks, Enron Hit Earnings
Feb 12 2002 // Bermuda’s PartnerRe Ltd. reported results for the fourth quarter and full year which reflected the tumult felt by many insurers in 2001. While net premiums written rose 30 percent to $1.825 billion, the company...
