Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Midland Co. Reports Lower Operating Income
Feb 12 2002 // Citing higher-than-normal fire losses, ongoing challenges in its manufactured housing sector, and higher non-catastrophe weather related losses, Cincinnati-based specialty insurance products and services provider, The...
CNA Surety Announces 4Q Decrease in Net Income
Feb 12 2002 // CNA Surety Corporation reported that net income for the fourth quarter of 2001 decreased to $0.6 million, or $0.01 per share, from $12.0 million, or $0.28 per share, for the same period in 2000. Operating earnings, after...
Commercial Auto Agents: Between a Rock and a Hard Market
Feb 11 2002 // The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and...
Before Diving in, Agents Attracted by Captive Profits Must Analyze Challenges
Feb 11 2002 // Thinking of forming an agency captive? An agent-owned captive insurance company involves an agency capitalizing either a domestic insurance company or an offshore insurance company. Richard Turner, president of...
Building Profitability into the Commercial Auto Market
Feb 11 2002 // Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts...
21st Century Insurance Group Reports 4Q Net Loss of $41M
Feb 8 2002 // California-based 21st Century Insurance Group reported a net loss for the year ended Dec. 31, 2001, of $27.6 million, or $0.32 diluted loss per share, compared to net income of $12.9 million, or $0.15 diluted earnings per...
PMA Capital Posts Profit, Despite Q4 Dip
Feb 7 2002 // Philadelphia-based PMA Capital Corporation announced that its net after-tax operating income in the fourth quarter was $5.8 million, or $0.25 per diluted share, compared with $7.0 million, or $0.32 per diluted share, for...
