Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
State Farm Earnings Plunge 60 Percent
Mar 1 2001 // State Farm Insurance Cos., the nation’s largest personal lines insurer, announced yesterday that its net income dropped 60 percent in 2000 due to a combination of increased claims and reduced rates. Net income from...
AMP Profits Rebound on Strong Growth, Cost Reductions
Feb 28 2001 // Australian insurer AMP announced that its net after tax profit had rebounded sharply to A$1.152 billion ($604 million) for the year 2000, following 1999’s $225 million loss. The company cited strong growth in its...
Legal and General Posts 15 Percent Profit Rise
Feb 28 2001 // Legal & General, the U.K.’s 3rd largest life and pensions group, posted a 15 percent increase in pretax operating profits to £479 million ($692 million) for the year 2000, substantially above...
CGNU Profits Down Due To Storm Losses, Investments
Feb 27 2001 // As expected, CGNU, the U.K.’s largest insurer, announced a drop in operating profits for the year 2000 to £1.02 billion ($1.48 billion) between £200 and £400 million ($290 and $580 million) less...
U.K. Insurers’ Results To Reflect Rate Upturn, Storm Losses
Feb 26 2001 // Despite last week’s announcement by CGNU, the U.K. ‘s largest insurer, that net operating profit would be affected by damage claims from November’s storms, analysts expect Legal & General and Royal...
Acquisitions Boost Insurer Profits
Feb 26 2001 // Jardine Lloyd Thompson profits increased by 12 percent last year, helped by the acquisitions it made to bolster its business. JLT bought Burke Ford Group, a UK retail and employee benefits broker, as well as Abbey...
Rise in Reinsurance Rates Propelled By a More Cautious Approach
Feb 26 2001 // The long-awaited hardening of reinsurance rates may finally be occurring, as companies reassess their capacity commitments and take a more critical look at their risk exposures, particularly concerning natural...
Marine Market in a State of Flux
Feb 26 2001 // For the past decade, the marine insurance market has been struggling to keep its head above water. And to make matters worse, premiums dropped 4.1 percent between 1998 and 1999-marking the third straight year of decline....
Conseco fourth-quarter profit up
Feb 21 2001 // Conseco’s quarterly operating profits rose 5 percent, beating expectations, as the struggling U.S. life insurance and loan firm continued its efforts to shore up its finances. The Carmel, Ind.-based company reported...
Commercial Auto-The LONG Road Back to Profitability
Feb 19 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
Contractors’ Equipment Losses: Knowledge of Hazards Can Reduce Risk
Feb 19 2001 // Contractors and operation managers run a risky business. One area that is often overlooked is equipment security. Theft, vandalism or malicious mischief represent more than one-third of all losses to contractors’...
Agent-Broker Malpractice
Feb 19 2001 // In specifying, arranging for and renewing insurance policies, it is customary in the industry for agents to use a kind of shorthand. It is also customary for agents to rely upon manuals provided to them by insurers. A case...
ACE Fourth Quarter Profits Rise 61 Percent
Feb 14 2001 // Bermuda-based ACE Ltd. Reported today its fourth quarter operating profits rose almost 61 percent, beating expectations. The insurer said fourth-quarter operating profits, excluding one-time items, rose to $164 million, or...
Allianz Net Profit Up in 2000
Feb 14 2001 // Allianz AG reported today a 12 percent rise in adjusted net profit in 2000, meeting analyst expectations. The company also fortified its outlook for 2001 following German tax reforms. The company reported adjusted net...
Contractors’ Equipment Losses: Knowledge of Hazards Can Reduce Risk Prevention tips from the Inland
Feb 12 2001 // Contractors and operation managers run a risky business. One area that is often overlooked is equipment security. Theft, vandalism or malicious mischief represent more than one-third of all losses to contractors’...
The Global Picture: Debate Over Climate Change Continues to Storm
Feb 12 2001 // Experts agree that the world’s climate is changing, but the debate continues about the causes and consequences. Multiple interactive factors are involved. The oceans warm and cool, the sun goes through an 11-year...
ARGONAUT REPORTS LOSS
Feb 12 2001 // For the 12 months ended Dec. 31, 2000, Argonaut Group Inc. reported a consolidated net loss of $83.3 million on total revenue of $209.9 million, compared with a consolidated net loss of $15.2 million on total revenue of...
Profits Climb for AON
Feb 9 2001 // Fourth-quarter profits for Aon Corp. rose 29 percent based on higher insurance brokerage commissions and fees. Fourth-quarter operating profits before unusual items were $246 million, or 52 cents per share, meeting...
AIG Profits Up; Life, Overseas Units Grow
Feb 9 2001 // American International Group Inc. saw quarterly operating profits rise 16 percent during the fourth quarter, matching Wall Street forecasts as earnings from worldwide life and overseas general insurance operations...
Swiss Re Says Earnings Up, Non-Life Renewals Successful
Feb 8 2001 // Swiss Re announced that it “expects earnings for the year 2000 to be up slightly more than 20%,” and that “significant improvements” had been made in the recent reinsurance renewal period. The...
