Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
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...
