Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AGF Premium Income Up For 2000
Feb 7 2001 // France’s AGF, 51 percent of which is owned by Germany’s Allianz, posted strong growth in premium income in all sectors for the year 2000. Overall premium income rose 17.8 percent in 2000 to €15.74 billion...
Cincinnati Financial Reports Bigger Losses
Feb 6 2001 // Cincinnati Financial Corp. has raised its quarterly dividend by 10.5 percent despite reporting a fourth-quarter operating loss twice as big as expected after setting aside $110 million to cover claims from customers hit by...
Argonaut Group Announces 2000 Results
Feb 6 2001 // Menlo Park, Calif.-based Argonaut Group Inc. announced a consolidated net loss of $83.3 million ($3.77 per diluted common share) on total revenue of $209.9 million for the 12 months ended Dec. 31, 2000, compared with a...
The Hartford Acquires Fortis
Feb 5 2001 // The Hartford expects to move from the No. 5 to the No. 3 spot nationally in individual life insurance with a $1.12 billion acquisition of Fortis Financial Group’s life, annuity and mutual fund business. According to...
Crop Insurance: A State of the Industry Report
Feb 5 2001 // Last year was an eventful one for the crop insurance industry with a new farm package including modifications such as an $8 billion subsidy package and a $7.1 billion bailout for farmers hurt by depressed crop prices. It...
TEXAS LEADS 2000 CAT LOSSES
Feb 5 2001 // U.S. property/casualty insurers paid $4.3 billion in catastrophe claims, making 2000 the second-lowest year for catastrophe losses in the last 10, according to estimates by Insurance Services Office’s Property Claim...
SAFECO POSTS LOSS
Feb 5 2001 // Safeco has reported lower profits for 2000, and an operating loss for the fourth quarter. For the full year 2000, SAFECO reported net income of $114.6 million, or $0.90 per diluted share, on revenues of $7.1 billion....
MMC Reports Strong Fourth Quarter, Year-end Results
Jan 30 2001 // Marsh & McLennan Cos. has reported strong revenue and earnings growth for both the quarter and year ended Dec. 31, 2000. For the year, revenues rose 11 percent to $10.2 billion from $9.2 billion in 1999. Net income...
Renaissance Re Posts 18% Increase in Net Income
Jan 30 2001 // Bermuda-based Renaissance Re continued to post good results with a 44 percent increase in 4th quarter earnings, which boosted its net operating income for the year to $134.4 million, an 18 percent increase over 1999. The...
The Hartford to Purchase Fortis; Fourth Quarter Core EPS Up 10 Percent
Jan 26 2001 // The Hartford Financial Services Group has announced that it will acquire the individual life insurance, annuity and mutual fund businesses of Dutch-Belgian bank-insurance giant Fortis Inc. for $1.12 billion in...
Crawford Reports 2000 Results
Jan 26 2001 // Crawford & Company has announced financial results for the fourth quarter and year ended December 31, 2000, showing revenues declined 11 percent, from $191.2 million reported in 1999 to $170.2 million in...
Heavy Losses Feared in India Quake
Jan 26 2001 // Damage reports are still coming in from the huge earthquake, estimated to have measured 7.9 on the Richter scale, which struck near the town of Bhuj in the Indian State of Gujarat at 8:50 a.m. local time this morning. At...
Insurers 2000 Cat Losses Total $4.3 Billion, 53 Percent Below 10-Year Average
Jan 24 2001 // U.S. property/casualty insurers paid $4.3 billion in catastrophe claims, making 2000 the second-lowest year for catastrophe losses in the last 10, according to estimates by Insurance Services Office’s Property Claim...
Quotesmith.com Reports Net Loss
Jan 24 2001 // Quotesmith.com expects a net loss of between $8 million and $9 million in 2001 on revenues of roughly $11 million – a figure based on projected marketing expenses. The company does not intend to increase quarterly...
Florida-Based Insurer Brown Brown Reports 29 Percent Increase in Net Income
Jan 23 2001 // Brown & Brown Inc. has reported a 29 percent gain in fourth-quarter net income. But the big gain was not reflected in the company’s stock, which closed at $32.75 a share, down $2.25. Earnings for the fourth...
The St. Paul Companies Reports Fourth-Quarter and 2000 Results
Jan 23 2001 // The St. Paul Cos. has reported 2000 net income of $993.5 million, or $4.24 per diluted share, up 24 percent from 1999. Net income for the fourth quarter of 2000 was $193.5 million, or $.83 per diluted share, an increase of...
Allmerica Says Loss Impact to be Offset
Jan 23 2001 // Allmerica Financial Corp. expects fourth-quarter net operating earnings to be reduced by 29 cents per share due to catastrophic losses from winter storms. The company pointed out, however, it would recognize a tax benefit...
SAFECO Announces Fourth-Quarter and Year-End 2000 Results
Jan 22 2001 // Safeco has reported lower profits for 2000, and an operating loss for the fourth quarter. For the full year 2000, SAFECO reported net income of $114.6 million, or $0.90 per diluted share, on revenues of $7.1 billion....
RSA Doubles Storm Loss Estimates
Jan 19 2001 // Britain’s Royal & Sun Alliance announced that loss estimates for the fourth quarter of 2000 are between £180 million ($267.5 million) and £200 million ($297 million) almost doubling the previous...
Brown & Brown Announces Record Earnings for 2000
Jan 19 2001 // Brown & Brown has announced record earnings for the year 2000. Earnings per share increased 23.4 percent to $1.16 for the year 2000, compared with $.94 per share for the year 1999. Net income for 2000 rose 23.9...
