Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Australia Juggles Mergers & Disasters
Apr 3 2000 // Driven in part by 1999’s particularly poor results, and perhaps encouraged by the recent mega-merger announcements from Europe (CGU-Norwich Union and Deutsche Bank-Dresdner Bank), Australia’s insurance/...
The Unraveling of Superior National
Mar 30 2000 // Editor’s Note: This article was written by Standard & Poor’s analyst Darin Feldman, and is printed with permission. In its 1998 annual report “Survival of the Fittest,” Superior National...
Loss Forces Re-Australia To Run Off Book
Feb 21 2000 // Large losses have reduced Reinsurance Australia’s capital to the point that it no longer meets the requirements for its Australian reinsurance license, thus forcing the company to formally stop writing new...
AXA Earnings Increase Estimated at 15 Percent
Feb 11 2000 // Even though net income will be reduced by around 100 million Euros ($98 million) caused by the year-end storms which struck France, AXA S.A. announced a significant estimated earnings increase of 15 percent over 1998...
Allianz Estimates Europe Storm Losses at Over $600 Million
Feb 3 2000 // Germany’s Allianz reported that the storms which swept Europe at the end of December had resulted in claims estimated at 625 million Euros ( $612 million). $107 million in claims for property and automobile damages...
Markel Reports Record Earnings
Feb 3 2000 // Markel Corporation announced record earnings from core operations for the year ended December 31, 1999, while net income decreased to $7.20 per diluted share from $10.17 per diluted share in 1998. The decrease in 1999 net...
French Insured Storm Losses Put at $4.4 Billion
Feb 2 2000 // Confirming previous estimates, the Federation Francaise de Societes d’Assurance reported Monday that over 3 million damage claims had been filed as a result of the storms which hit France at the end of December....
XL Capital Announces Impact of European Storm Losses
Feb 2 2000 // XL Capital Ltd. announced today that net operating earnings for the 4th quarter 1999 earnings will be reduced by $125 million, or $0.97 per share, after tax as a result of the impact of losses from two major windstorms...
Non-Profit Nursing Homes Receive TDI Assistance
Feb 2 2000 // Non-profit nursing homes and assisted living facilities in Texas will soon be admitted into the state’s Medical Liability Insurance Underwriting Association for the first time since 1982, with for-profit facilities...
Equitable Still Seeking a Buyer, Aims To Cap Losses
Jan 8 2000 // Struggling U.K. Mutual insurer Equitable Life has reportedly been having talks with pension fund managers aimed at capping the expected losses from guaranteed annuity payments it has been ordered to make. The talks are...
