Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Aon Reports Q2 Earnings
Aug 2 2000 // Aon Corporation has reported dilutive net income per share of $0.49 for the quarter ended June 30, 2000, compared with $0.57 in the second quarter of 1999. Second quarter revenues increased 6% to $1.8 billion versus the...
Mercury General Releases Second Quarter Results, President to Step Down
Jul 31 2000 // Mercury General Corp. has reported net operating earnings for the second quarter of 2000 were $25.6 million, or $.47 per diluted share, compared with $33.9 million, or $.62 per diluted share in 1999. For the full six...
Sullivan HealthCare Finds Profit in Hard-to-Place Risks
Jul 27 2000 // Los Angeles-based Sullivan HealthCare Insurance Services Inc. reported premium volume for the first half of 2000 was up over 300 percent, exceeding the amount of business written during all of 1999 by the niche-market...
Q2 Results Good for AIG, Chubb, St. Paul
Jul 27 2000 // American International Group’s second-quarter operating profit rose 13 percent to $1.43 billion, matching analysts’ estimates. T he New York-based insurer said net profit, including realized investment losses,...
Marsh McLennan Reports Strong Q2 Revenues
Jul 26 2000 // Marsh & McLennan Companies is reporting strong revenues and earnings for both the quarter and six months ended June 30. For the quarter, MMC’s revenues rose 11 percent to $2.5 billion. Net income grew 21 percent...
The Hartford’s Core EPS Up 18 Percent in Second
Jul 25 2000 // The Hartford Financial Services Group has reported an 18 percent increase in core earnings per diluted share for the second quarter, reflecting continued earnings growth in the company’s worldwide life...
Conducting an Efficiency Study
Jul 24 2000 // The economy is booming. New millionaires are being created every day. American business has never had it so good. So being an insurance agent is the fast track to financial freedom, right? Wrong. No one is setting up...
