Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
ebix.com Reports Profitable 2ndQ Results
Aug 15 2002 // ebix.com Inc., an international supplier of software and e-commerce solutions to the property and casualty industry, announced results for the second quarter ended June 30, 2002. ebix.com reported second quarter net income...
S&P’s: ACE Europe Reports $90 Million Loss for 2001
Aug 15 2002 // Standard & Poor’s Ratings Services said that its ratings and outlook on Belgium- based insurer ACE Insurance S.A.—N.V. will not be affected at this time by the company’s reported negative net income of...
Acceptance Companies Notes Loss
Aug 14 2002 // Iowa-based Acceptance Insurance Companies Inc. announced a net after-tax loss of $5.2 million, or $0.36 per share, for the three months ended June 30, 2002. This compares with a net after-tax loss of $888,000, or $0.06 per...
GAINSCO Reports 2ndQ Loss of $4.8M
Aug 14 2002 // Texas-based GAINSCO INC. released its financial results for the second quarter of 2002, including a net loss of $4.8 million. This compares to a second quarter 2001 net loss of $7.9 million (net loss applicable to common...
Endurance Specialty Reports 2ndQ Net Income of $31.3M
Aug 13 2002 // Bermuda-based Endurance Specialty Insurance Ltd. reported net income of $31.3 million for the second quarter ended June 30, 2002. Gross premiums written and acquired for the period were $264.3 million. Net premiums earned...
The Seibels Bruce Group Notes 2ndQ Profit 2002
Aug 13 2002 // South Carolina-based The Seibels Bruce Group Inc., posted a net profit of $1.0 million, or $0.11 per share (basic and diluted) in the second quarter This is compared with a net profit of $1.1 million, or $0.13 per share...
Zurich Financial Reports $100M Realized WorldCom Loss
Aug 12 2002 // Swiss insurer Zurich Financial Services AG reports it has a realized capital loss of approximately $100 million on investments related to WorldCom Inc., according to a Dow Jones report. A Zurich spokesperson said the...
Workers’ Comp Loss Costs Expected to Decrease for Some Colo. Employers
Aug 12 2002 // Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation...
HCC Announces 32 Percent Increase in 2ndQ Net Earnings
Aug 12 2002 // HCC Insurance Holdings Inc. of Houston announced financial results for the second quarter and six months of 2002. Second quarter net income totaled $26.8 million, a 32 percent increase from the second quarter of 2001. Net...
CNA Moves to 2ndQ profit on rising premiums
Aug 9 2002 // CNA Financial Corp. reported it swung to a second-quarter profit, able to raise prices on many of its policies. CNA, which is 87 percent-owned by holding concern Loews Corp., posted net income of $35 million, or 16 cents a...
SCOR Reports 16 Percent Rise in Premium Income
Aug 8 2002 // For the first six months of the year French reinsurer SCOR registered a robust 16 percent rise in premium income at constant exchange rates. The company attributed the rise to improving non-life reinsurance rates and the...
Argonaut Reports $6M in Quarterly Net Income
Aug 8 2002 // Texas-based Argonaut Group Inc., a specialty insurer, announced financial results for the three- and six-month periods ending June 30. In addition, the company’s board of directors declared a regular quarterly cash...
Partner Re Reports Record Operating Results
Aug 6 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the second quarter 2002, and reaffirmed its prior earnings guidance for the full year. PartnerRe President & CEO, Patrick Thiele, commented,...
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...
