Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
SAFECO Second-Quarter Results: Progress Toward
Jul 24 2000 // SAFECO has announced second-quarter net income of $29 million, or $.23 per diluted share. Operating income for the quarter, excluding realized gains from investments, was reported as $12 million or $.10 per diluted...
Businesses at Risk:Do Your Clients Need CONTAMINATED PRODUCTS Insurance’
Jul 24 2000 // Ecoli bacteria in beverages, cyanide in capsules, salmonella contamination in meat, mislabeled products, threats to spread harmful rumors about a product-these and similar hazards create a crisis situation for a company...
InsWeb Corporation Reports Second Quarter Results
Jul 21 2000 // InsWeb Corp. has reported financial results for the second quarter that ended June 30, 2000. The results take into account the company’s restructuring, announced June 4, which includes plans to move all operations to...
Hilb, Rogal and Hamilton Reports Results for Second
Jul 21 2000 // Hilb, Rogal and Hamilton Company today reported financial results for the second quarter and six months ended June 30, 2000. Total revenues for the quarter increased 13.4%, to $62.2 million, from $54.9 million a year...
Allstate Profits Drop 40 Percent
Jul 21 2000 // Allstate Corp.’s second-quarter profits fell 40 percent due, in large part, to a battering of spring storms. The unusually heavy losses from catastrophes were not helped by higher claims and increased competition...
Arthur J. Gallagher Reports Record Quarterly Revenues
Jul 20 2000 // Second quarter 2000 was good for Arthur J. Gallagher & Co., which reported record quarterly revenues of more than $158.4 million for the three-month period that ended June 30. The revenue represents a 9.5 percent...
Citigroup Profits Rise, Stock Splits
Jul 19 2000 // Citigroup has announced a 23 percent rise in second-quarter profits fueled by merger advising fees and growth in overseas operations. The board of directors also announced a 4-for-3 split in the company’s common...
ISO Estimates U.S. Insurers Will Pay $1.4 Billion
Jul 10 2000 // U.S. property/casualty insurers will pay $1.4 billion to homeowners and businesses for insured property losses from 10 catastrophic events in the second quarter of this year, according to initial estimates from the...
Horace Mann Issues Earnings Warning
Jul 7 2000 // Horace Mann Educators Corp. expects second-quarter results to fall well below analyst expectations based on non-catastrophic property-loss claims. The company made the announcement today, saying it also is planning several...
Calif. Low-Income Car Insurance Pilot Program Launches Tomorrow
Jun 30 2000 // A plan geared to reduce the number of uninsured motorists in Los Angeles and San Francisco will begin Saturday, with civic leaders nationwide watching closely to see if it might work in their communities. The program,...
RAA First-Quarter Reinsurance Results Released
Jun 27 2000 // Results of a survey of statutory underwriting results, conducted by the Reinsurance Association of America (RAA) show a group of 32 property/casualty reinsurers wrote $5.9 billion of premiums during the first quarter of...
ALLSTATE’S CATASTROPHE LOSSES HIGH
Jun 26 2000 // There were no April Showers or May Flowers for Allstate Corp. this year. Rather the two spring months produced $340 million in catastrophe losses for the direct writer, whose announcement June 15 triggered a 7 percent...
P/C Industry’s Net Income Dropsby a Third in First-Quarter 2000
Jun 26 2000 // The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office Inc. (ISO)...
LOSSES FOR ALLSTATE
Jun 26 2000 // April and May produced $340 million in catastrophe losses for Allstate Corp., whose June 15 announcement triggered a 7 percent reduction in the company’s stock value. The estimated losses were in addition to severe...
Penn-America Group Second Quarter Results Expected to Fall Short of Analysts’ Estimates
Jun 22 2000 // Penn-America Group, Inc. expects second quarter earnings estimates to be lower than the consensus estimate of $0.21 per share. This lower expectation reflects losses in the company’s commercial property portfolio....
Allstate’s Announced Catastrophe Losses Trigger Stock Downturn
Jun 16 2000 // There were no April Showers or May Flowers for Allstate Corp. this year. Rather the two spring months produced $340 million in catastrophe losses for the direct writer, whose announcement yesterday triggered a 7 percent...
P/C Industry’s Net Income Drops by a Third in First Quarter 2000
Jun 14 2000 // The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office, Inc. (ISO)...
I.I.I. Economist Comments on First Quarter 2000 Results
Jun 14 2000 // The property/casualty insurance industry reported a statutory rate of return of 7.0 percent (on an annualized basis) during the first quarter of 2000, down from 10.7 percent in same quarter of 1999 but up from 6.6 percent...
Historic or Brand New -It’s a High-Valued Home Sweet Home
Jun 12 2000 // It’s spring home-buying season, and realtors throughout California are reporting that despite interest rate fluctuations and a seesawing stock market, the real estate market is hotter than ever. From Ventura to...
Heavy Rains Cause Flood Loss in U.K.
Jun 6 2000 // Unseasonably heavy rains over the weekend caused extensive flood damage in northeast England. “Almost 30 hours of continuous rain caused the river Calder to burst its banks, flooding the town of Todmorden. Water was...
