Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Liability Coverage for Breaches of Contract
Nov 20 2000 // Knowledgeable people think that liability insurance is for accidents. Standardized liability insurance policies-homeowners, auto and commercial general liability-are worded so that the idea of an accident is at the heart...
Reliance Group Reports $546 Million Loss for Third Quarter
Nov 15 2000 // Reliance Group Holdings reported a net loss of $546.5 million, or $4.76 per diluted share, for the third quarter, including an after-tax charge of $215.8 million for increasing net loss reserves by $332 million pretax. It...
AXA Posts Record $53 Billion Consolidated Revenue for 1st Nine Months
Nov 14 2000 // France’s AXA Group announced that consolidated revenues had risen 28.9 percent (14 percent on a comparable basis, which reconciles currency fluctuations and accounting procedures) to a record €61.8 Billion ($53.15...
American Re Announces 3Q, Year-to-Date Results
Nov 14 2000 // American Re Corp., a member of the Munich Re Group and one of the leading writers of reinsurance in the U.S., reported net income to its common stockholder of $14.0 million for the quarter ended September 30, 2000,...
Calif. Workers’ Comp Puts Damper on American Financial Group 3Q Results
Nov 14 2000 // American Financial Group Inc. (AFG) announced a $10.8-million loss ($.18 per share) for third quarter 2000. The loss includes $22.8 million, after-tax ($.39 per share), for strengthening the loss reserves of its California...
Fremont General Cuts WC Losses, Continues to Reduce P/C Workforce
Nov 14 2000 // Fremont General Corp.reported net income of $10,936,000 for the third quarter of 2000, comprised of net income from continuing operations of $6,272,000 and an after tax gain on the extinguishment of debt of $4,664,000. The...
Berkshire Hathaway Earnings Up
Nov 13 2000 // Warren Buffett’s Berkshire Hathaway has reported third-quarter profits this year nearly doubled those from 1999. Modest insurance holdings gains helped Berkshire see a 90-percent increase in net earnings for the...
ZENITH REPORTS LOSS
Nov 13 2000 // Zenith National Insurance Corp. reported an operating loss after tax of $5.1 million, or 30 cents per share, for the third quarter of 2000, compared to an operating loss after tax of $38.8 million, or $2.26 per share, for...
GOOD NEWS FOR MARSH
Nov 13 2000 // Marsh & McLennan Companies (MMC) reported strong revenues and earnings for both the quarter and nine months that ended Sept. 30. For the quarter, MMC’s revenues rose 14 percent to $2.5 billion from $2.2 billion...
Aon Reduces Workforce as Part of Business Plan
Nov 13 2000 // Concurrent with Chicago, Ill.-based Aon Corporation’s recent announcement of third-quarter 2000 earnings, the company laid out a preliminary blueprint for implementation of its “business transformation...
RMS Estimates U.K. Flood Losses at £500 Million
Nov 10 2000 // Insurance companies and risk experts may not agree on the exact amount of the insured losses caused by the recent and ongoing floods and storms in Britain, but they all agree that the damages will be substantial. (See...
RSA, Wellington Estimate U.K. Storm Losses
Nov 10 2000 // Royal & Sun Alliance (RSA) estimates that it could face claims of £100 million ($145 million) or more from the current storms sweeping the U.K. Lloyd’s insurer Wellington said the events over the last three...
CGNU Reports Losses, Some Gains
Nov 9 2000 // CGNU, the U.K.’s largest general insurer, reported mixed results for its activities during the first nine months of the year. Overall it posted a net pretax loss of £630 million ($914 million), compared to a net...
CNA Third-Quarter Income Up Slightly
Nov 9 2000 // CNA Financial Corporation today reported net operating income for the third quarter of 2000 of $90 million, or $0.49 per share, compared with net operating income of $82 million, or $0.43 per share, for the same quarter in...
ebix.com Revenues, Losses Down
Nov 9 2000 // ebix.com Inc. announced results for the third quarter and nine months ended September 30, 2000. Total revenues were $2.9 million for the third quarter of 2000, compared to revenues of $3.1 million for the third quarter of...
Zenith Loses $5 Million in Third Quarter 2000
Nov 7 2000 // Zenith National Insurance Corp. has reported an operating loss after tax of $5.1 million, or $0.30 per share, for the third quarter of 2000, compared to an operating loss after tax of $38.8 million, or $2.26 per share, for...
The St. Paul Reports Third-Quarter Results
Nov 6 2000 // The St. Paul Cos. has reported third-quarter after-tax operating earnings from continuing operations of $171.9 million, or $0.73 per share, up from $151.4 million, or $0.62 per share for the same quarter 1999....
CONSECO EARNINGS IMPROVING
Nov 6 2000 // In its third quarter earnings release, Conseco announced improved earnings from operations and a series of one-time charges as new management continues to execute the turnaround of the Indianapolis-based company. Conseco...
CAT LOSSES REACH 11-YEAR LOW
Nov 6 2000 // U.S. property/casualty insurers will pay homeowners and businesses $315 million for insured catastrophe losses—the lowest third-quarter amount in 11 years beginning 1990, estimates Insurance Services Office, Inc.’s...
ACE Posts Strong 3rd Quarter Results
Nov 3 2000 // Bermuda’s ACE Limited announced that earnings for the third quarter had rebounded strongly from a year ago. Gross premiums written rose by $455.3 million to just under $2 billion for the quarter, a 29 percent...
