Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
ING Posts 28 Percent Profit Gain
Aug 25 2000 // Dutch financial services giant ING posted a hefty 28 percent rise in first half net profits on Thursday, and raised its earnings forecast for the year 2000 by 20 percent from 15 percent. The earnings increase will reflect...
Moody’s Increases Estimates of Lloyd’s Losses
Aug 22 2000 // Moody’s Investors Service issued a new statement on Monday which forecast increased losses at Lloyd’s of as much as £3 billion ($4.5 billion) for the last three years. Moody’s previous loss estimates,...
Life, Health Insurers’ Operating Profits Drop; Capital Gains Rise
Aug 22 2000 // The nation’s life and health insurers experienced a $203 million, or 1.6 percent, decline in operating profits during the first three months of 2000, as compared to the year-earlier period, according to a study by...
Fremont General’s 2Q Combined Ratio Hits 259 Percent
Aug 21 2000 // Fremont General Corporation, the nationwide insurance and financial services holding company, posted a combined ratio for second quarter 2000 of 259.0 percent, compared to 95.7 percent reported for second quarter...
RLI Releases 2Q 2000 Earnings
Aug 18 2000 // RLI released a second quarter earning report showing net operating earnings of $6.9 million, or $.70 per diluted share. This compares to the $7.6 million, $.74 per share, result from the same period in 1999. Other results...
SCPIE 2Q, Six-Months Results Reflect Increase in Premiums
Aug 18 2000 // SCPIE Holdings Inc. reported results for the second quarter and six months ended June 30, 2000. For the second quarter, operating income per share was 47 cents compared to operating income per share of 66 cents in the same...
An Estimated $100 Million in Insured Losses Ignited by Wildfires
Aug 15 2000 // Nearly 65,000 wildfires have burned more than 4.3 million acres this year, causing an estimated $100 million in insured property damage, according to the Insurance Information Institute (I.I.I.). Currently, 82 wildfires...
AXA Reports Strong First Half Earnings
Aug 14 2000 // AXA’s recently retired CEO, Claude Bebear, must be pleased. The company he built virtually from scratch over the last 25 years just reported its best first half year earnings ever, with growth in all sectors. Life...
Berkshire Hathaway’s Profits Fall 18 Percent
Aug 14 2000 // Warren Buffett’s magic touch has gone on vacation for a spell. Berkshire Hathaway’s second quarter operating profit fell 18 percent. Much of the loss is attributed to deteriorating underwriting in its insurance...
Fremont General Posts $270 Million Quarterly Net Loss, Announces Strategic Reinsurance Plan
Aug 14 2000 // Fremont General Corporation reported a second quarter net loss of $268,073,000 comprised of a net loss from continuing operations of $270,318,000 and an after tax gain on the extinguishment of debt of $2,245,000. The...
Personal Auto Profits Plummet
Aug 14 2000 // As Losses Top 66 Percent Will Texas Soon Bench the Benchmark System? Personal auto losses increased last year in 35 of 51 markets across the country, making for an average pure loss ratio of 65.6 percent, the highest level...
Meadowbrook Insurance Group Reports Second Quarter Operating Income
Aug 11 2000 // Meadowbrook Insurance Group, Inc. reports second quarter operating income of $1.0 million or $0.12 per share. These results reflect an improvement over first quarter 2000 operating income of $116,000 or $0.01 per...
Aegon Upgrades 2000 Profit Forecasts
Aug 10 2000 // Dutch insurer Aegon has lifted its 2000 earnings forecast to 25-30 percent on the year, and forecasting earnings per share growth of 17 to 22 percent. Last month, Aegon said it might up its outlook because it was keeping...
MetLife Profits Rise 18 Percent
Aug 10 2000 // ing earnings rose 18 percent as stronger sales of individual life insurance and savings products outweighed lower profits from company-distributed products and a loss in the car and home insurance unit. Second-quarter...
Markel Corp. Q2 Earnings Down
Aug 7 2000 // Markel Corp. has recently reported second-quarter losses of $17.9 million, a dramatic decrease compared to a net income of $11.9 million in the same quarter 1999. Underwriting losses at recently acquired Terra Nova...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Tragic Concorde Crash Could Wrack Up Losses for European Insurers
Aug 7 2000 // Insurers could pay out more than $320 million as a result of the July 25 Air France Concorde crash that killed 113 people, according to the Guardian, a U.K. newspaper. The supersonic jet went down just after taking off...
SCPIE Holdings Encounters High Losses for Second Quarter
Aug 3 2000 // SCPIE Holdings Inc., one of the nation’s major providers of medical malpractice insurance, today reported results for the second quarter and six months ended June 30, 2000, reflecting an increase in premiums as a...
Axa Financial Profits Up
Aug 2 2000 // Axa Financial Inc. reported Wednesday its second-quarter operating profit rose 19 percent on strong growth in its financial advisor and life insurance business. The firm’s operating profit rose to $322.4 million, or...
