Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
IIAA Unveils New Agency Universe Study; Finds Growth, Stable Consolidation for Agents
Nov 1 2000 // The last four years have been a period of financial growth and agent consolidation, according to the 2000 Agency Universe Study, a study of the independent agency system conducted by Future One, a cooperative effort of the...
Highlands Insurance Group Sees Improved Third Quarter Results
Nov 1 2000 // Highlands Insurance Group, a property and casualty insurer, today reported net income of $3.0 million for the third quarter compared with a net loss of $3.3 million for the same quarter 1999. Year-to-date net income for...
The Hartford Sees Q3 Core EPS Jump 30 Percent
Nov 1 2000 // The Hartford Financial Services Group has announced a 30 percent increase in core earnings per diluted share for the third quarter 2000. The increase is reportedly driven by asset growth in the company’s life...
U.K. Storm Loss Estimates Between $300 and $660 Million – AIR Sees More Ahead
Oct 31 2000 // According to a BBC report, U.K. insurers’ preliminary estimates of the claims they may face from three days of high winds and rain, which have caused extensive damage in southern England, is put at around £200...
AIG Third Quarter Shows Increased Income, Analysts
Oct 31 2000 // American International Group has reported that its income excluding losses increased 14.6 percent to $4.1 billion in the third quarter and 14.4 percent to $4.21 billion for the first nine months of 2000. Net income for the...
Third-Quarter Catastrophe Losses Hit Record Low
Oct 30 2000 // U.S. property/casualty insurers recently received good news from the Insurance Services Office Inc.’s (ISO) Property Claim Services (PCS) unit. Third-quarter insured catastrophe losses registered at $315...
AIG Posts 15 Percent Earnings Increase For 3rd Quarter
Oct 27 2000 // Growth in all sectors propelled the 3rd quarter earnings of American International Group to new highs as it posted an operating profit of $1.41 billion, a 15 percent increase over 1999 figures, meeting analysts...
Conseco Profits Up for Q3
Oct 27 2000 // In its third quarter earnings release yesterday, 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...
Possible $37 Million Loss As Actor’s Injury Halts
Oct 26 2000 // According to a report in Daily Variety, production of Terry Gilliam’s new film, “The Man Who Killed Don Quixote,” has come to a halt due to the back injury to one of its stars, French actor Jean...
Argonaut Reports Q3 Loss
Oct 25 2000 // Argonaut Group Inc. reported a consolidated net loss of $900,000 on total revenue of $50.5 million for the third quarter compared to consolidated income of $5.0 million on total revenue of $45.3 million for the same...
HRH Revenues Increase 4 Percent; Net Income Up 25 Percent
Oct 24 2000 // Hilb, Rogal and Hamilton Company today reported financial results for the third quarter and nine months ended September 30, 2000. For the quarter, commissions and fees, before the effect of acquisitions and divestitures,...
MMC: Strong Third Quarter, Nine Months Results
Oct 23 2000 // Marsh & McLennan Companies has 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 in...
Allstate Profit Rises on Higher Premiums
Oct 23 2000 // Allstate Corp.’s third-quarter operating earnings rose 34 percent as increased premiums offset higher loss costs. The nation’s second-largest insurer said operating earnings, excluding a restructuring charge...
GALLAGHER NET EARNINGS UP
Oct 23 2000 // Arthur J. Gallagher announced its financial results for the third quarter and nine months that ended Sept. 30. Total revenues were $526,944,000, compared to $471,629,000 last year, an increase of 12 percent. Net earnings...
RenaissanceRe Expects To Beat Earnings Estimates For 3rd Quarter
Oct 18 2000 // Bermuda-based RenaissanceRe Holdings Ltd. (RenRe) announced that it expected third quarter earnings would exceed analysts’ expectations “with operating earnings in the range of $1.70 to $1.75 per share”...
Pre-Paid Announces Record Third Quarter Results
Oct 17 2000 // Pre-Paid Legal Services reported record results for the third quarter and for the nine months ended September 30, 2000. Net income for the third quarter of 2000 rose 45 percent to $14,360,000 from $9,870,000 for the prior...
Citigroup Third-Quarter Profits Up 27 Percent
Oct 17 2000 // Third-quarter profits at Citigroup Inc. rose 27 percent, driven by fees from advising on mergers and growth in its consumer bank arm. The New York-based company earned $3.09 billion, or 67 cents a diluted share, in the...
Arthur J. Gallagher Net Earnings Up 18 Percent for 2000
Oct 13 2000 // Arthur J. Gallagher & Co. announced on Thursday its financial results for the third quarter and nine months that ended Sept. 30. Total revenues were $526,944,000, compared to $471,629,000 last year, an increase of 12...
WCIRB Estimates 1999 Calif. Combined Ratio of 153 Percent; Says Line Deteriorating Further in 2000
Oct 13 2000 // Workers’ comp in California is continuing its slide downhill, according to a recently released report from the WCIRB. The mid-year report found that loss development on the 1998 and 1999 accident years during the...
SAFECO Profit Slowed by Losses; Hires Firm to Hire Next CEO
Oct 9 2000 // SAFECO will experience higher than expected underwriting losses in its large commercial and homeowners lines, slowing third-quarter profit improvement sharply. The company’s overall combined ratio is expected to be...
