Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Allied World Assurance Reports $26.2M in Net Income for 2ndQ
Jul 23 2002 // Bermuda-based Allied World Assurance Holdings, Ltd, has reported net income of $26.2 million for the second quarter and $44.0 million for the six months ended June 30, 2002. Gross premiums written were $278.5 million in...
Profits Fell, Losses Climbed for P/C Industry
Jul 22 2002 // It’s pretty much common knowledge by now that the property and casualty insurance industry suffered tremendous losses in 2001, and although the tragedies of September 11 can be blamed for much of the economic...
WEISS RATINGS REPORTS P&C LOSSES
Jul 22 2002 // The nation’s property and casualty insurers reported a $9 billion loss in 2001, compared to a $27 billion profit in 2000, according to research by Weiss Ratings Inc. By year-end, claims surged to a record $381...
Vesta Group Reports $6M Loss from Storms
Jul 22 2002 // Alabama-based Vesta Insurance Group announced a $6.2 million loss from catastrophes for the second quarter of 2002. Vesta’s net operating loss is expected to be between $0.02 and $0.05 per diluted share. Vesta...
XL Adding $200M to WTC Reserves; Records Added 2ndQ Loss
Jul 19 2002 // Bermuda-based XL Capital Ltd. will add $200 million to its reserves for Sept. 11 terrorism losses and will record an added $120 million second-quarter loss from investments in telecommunications and other companies. The...
Insurers looking at $120M Price Tag for Insured-Property Losses from Ariz. Wildfire
Jul 19 2002 // Insurers are expected to pay an estimated $120 million to home owners and businesses for insured-property losses from the Rodeo-Chediski Complex wildfire in Arizona, according to preliminary projections by the Insurance...
Partner Re Responds to Requests, Affirms $400M WTC Loss Estimate
Jul 19 2002 // Bermuda-based reinsurer PartnerRe Ltd.has affirmed its loss estimate of $400 million from the destruction of the World Trade Center on Sept. 11. The company reported it was making the announcement in response to requests...
