Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Claims Payments Assured, Despite Huge Losses
Sep 14 2001 // As messages of sympathy continued to pour in from around the world, the global insurance industry began facing up to the daunting task of paying claims on what most observers believe will be the largest insured loss ever...
AXA Announces 1st Half Results, Estimates
Sep 14 2001 // France’s AXA Group announced that its 1st half earnings had reached €1.222 billion ($1.11 billion) a 12.4 percent increase over comparable figures for the year 2000. The company noted that its buyout of the...
Global Insurance System Has Financial Strength to Handle Losses, I.I.I. Says
Sep 14 2001 // The global insurance system has the financial strength to handle the losses from the terrorist attacks of Sept. 11, according to the Insurance Information Institute (I.I.I.). Insurance losses from the attacks will be...
SCPIE Operations Not Affected by Loss of Office
Sep 14 2001 // SCPIE Holdings Inc., one of the nation’s leading providers of healthcare liability insurance, announced that its operations have not been affected by the tragic attack on the World Trade Center. Although the...
NAII Releases Follow-Up on Insurance Ramifications of Attack
Sep 13 2001 // As rescue efforts continue in lower Manhattan, Washington, D.C., and Pennsylvania, catastrophe teams from property/casualty insurance companies are poised to enter the damaged areas to begin assessing the damage and paying...
RLI Expects Limited Losses, Is Fully Operational
Sep 13 2001 // RLI Corp. executives said that the company does not expect a significant number of insurance claims from Tuesday’s attacks in New York City and Washington, D.C. The company has a limited number of risks in these...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 10 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Lloyd’s Insurers Facing Loss Crisis
Sep 7 2001 // Lloyd’s recent announcement of projected 1999 losses in the $2 billion range (see IJ Website, Aug. 30) is beginning to have a more immediate impact on some of its insurance syndicates. Yesterday Cotesworth &...
2000 Market Share For Insurers in Texas
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Lloyd’s Confirms Loss Figures
Aug 30 2001 // Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99 with a projected loss in 1999 of nearly $2 billion. 2000 figures are expected to...
Australia’s QBE Posts Profit Gains for 1st Half
Aug 30 2001 // Helped by recent acquisitions, QBE Insurance, Australia’s second largest general insurer after NRMA, posted a strong 56 percent gain in interim net profits to A$122 million (U.S.$64.4 million) for the first half of...
$2.8 Billion – Latest HIH Loss Estimate
Aug 28 2001 // The loss estimates for Australia’s HIH continue to mount. Last May they appeared to have leveled off at around U.S.$2.1 billion, but new information released by the liquidators now show they could go as high as U.S....
Lloyd’s Sees Return to Profitability Despite Losses, Reduced Capacity
Aug 22 2001 // According to the latest report from the Association of Lloyd’s Members (ALM), which represents most of the individual investors, or “Names,” in Lloyd’s syndicates, the market should return to...
Fewer Storms in 2Q Amount to Big Losses for Insurers
Aug 20 2001 // Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years, the damage that those left in their wake was enough to send a number of insurers scrambling to...
The Shrinking, Expensive Market for Nursing Home Coverage
Aug 20 2001 // I find that nursing homes are in a serious crisis in trying to obtain medical liability coverage,” Texas Insurance Commissioner José Montemayor said in February, as he announced the Texas Department of Insurance...
21ST Century Reports Net Loss in 2Q Results
Aug 17 2001 // 21st Century Holding Company, a vertically integrated financial service holding company, reported a net loss of $1,489,671 or $.47 per average common share for its second quarter ended June 30, 2001, compared to net income...
ESG Re Ltd. Reports Net Loss in 2Q Results
Aug 16 2001 // For the second quarter of 2001, Bermuda-based ESG Re Limited reported a consolidated net loss of $5.9 million, or $0.50 per share. An underwriting profit of $1.2 million in the quarter together with investment income and...
Fremont General Posts Quarterly Net Income and Declares Common Stock Cash Dividend
Aug 14 2001 // Fremont General Corporation reported net income of $14,813,000 for the second quarter of 2001. This was comprised of net income from continuing operations of $14,284,000 and an after tax gain on the extinguishment of debt...
Commentary: Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 13 2001 // In the short term, it’s extremely difficult to predict whether a stock will go up or down. The many factors involved are open to widely varied interpretations. Trends in a given sector can be spotted over time, but...
