Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Frontier Reports $13.6M First Quarter Net Loss
May 15 2000 // Frontier Insurance Group Inc. announced its first quarter 2000 unaudited results. The report shows a net loss of $13.6 million for that period compared to net income of $13.1 million for the first quarter of 1999. In...
A Good 1st Quarter For International Insurers, As Earnings Reports Show Increase
May 10 2000 // ACE Ltd. isn’t the only insurance company to see earnings increase in the 1st quarter. Despite some difficulties, notably the December storms in Europe, most earnings reports have been positive. It seems most of the...
Reliance Reports Greater Than Expected Losses
May 10 2000 // U.S. insurer Reliance Group Holdings has reported greater-than-expected first-quarter losses based on poor underwriting performance. The New York-based company has seen share prices plummet 86 percent over the last two...
American Safety Reports First-Quarter Loss
May 9 2000 // American Safety’s first quarter 2000 included a net operating loss of $1.8 million, compared to earnings of $1.7 million for the first quarter 1999. However, net premiums for first quarter 2000 increased 116 percent...
Royal & Sun Profits Fall
May 5 2000 // Royal & Sun Alliance Insurance Group shares fell nearly five percent Thursday on word that the British financial service company’s first quarter profits fell 4.8 percent. Turning around the group’s...
Aon Profits Fall
May 5 2000 // First-quarter operating profit fell to 47 cents per share from 58 cents one year ago, hitting analyst forecasts. Net profit rose to 47 cents per share from 19 cents this time last year, while revenues rose 7 percent to a...
UNUMProvident Profits Fall
May 4 2000 // The company, the No. 1 U.S. disability insurer, formed last year with the merger of UNUM Corp. and Provident Companies. First quarter operating profits for the Portland, Maine-based company fell to $134.6 million, down...
PAULA Financial Announces First Quarter Results
May 3 2000 // May 3, 2000 9:00 a.m. CDT California-based PAULA Financial, a specialty underwriter and distributor of commercial insurance products, reported an operating loss of ($0.16) per share for the first quarter of 2000 compared...
Axa Sees Earnings Increase
May 1 2000 // Axa Financial, the U.S. banking and investment branch of international insurer Axa SA, saw first-quarter operating earnings rise 61 percent on record profits from its investment bank Donaldson Lufkin &...
SAFECO TAKES LOSS
May 1 2000 // Seattle-based SAFECO Corp. announced that both Property & Casualty and Life & Investments operations performed below expectations during the first quarter. The underwriting loss is expected to be in the...
State Farm Exits InsWeb’s Marketplace
May 1 2000 // Effective May 1, State Farm will no longer participate in Redwood City, Calif.-based InsWeb Corp.’s marketplace for auto, term life, homeowners, condominium and renters insurance. According to Dick Luedke, public...
Insure (Your Football Team) Against Loss
Apr 27 2000 // Chelsea, one of England’s best known football (Soccer) clubs was reportedly seeking insurance coverage to reimburse it against loss, if it fails to qualify for Europe’s Champion’s League Competition in...
Transatlantic Holdings Releases First Quarter Results
Apr 27 2000 // Transatlantic is a leading international reinsurer headquartered in New York, with assets of $5.5 billion and stockholders’ equity of $1.7 billion. Its subsidiaries include Transatlantic Reinsurance Co. and Putnam...
AIG Releases First Quarter Results
Apr 27 2000 // Excluding net realized capital gains, income increased 15.5 percent to $1.36 billion, compared to $1.18 billion in the first quarter of 1999. Income before taxes, minority interest and realized capital gains for the first...
Chubb Earnings Lower
Apr 25 2000 // The Chubb Corporation reported lower operating earnings and net income for the first quarter of 2000, partially a result of weather-related losses in the homeowners’ business. In addition, there were a number of...
Hartford Financial Life Earnings Up
Apr 24 2000 // First-quarter earnings posted today by Hartford Financial Services Group, driven by strong results from Hartford’s Life business, will beat Wall Street expectations. Core earnings were $226 million for the quarter,...
American Names Set to Take on Lloyd’s of London on Home Turf
Apr 24 2000 // The accusations are fierce, the stories heart-wrenching. Lost homes, marriages, fortunes and even lives are piling up on the doorstep of Lloyd’s of London, which has been accused for years of not disclosing potential...
1999 Financial Results Expose Another Rough Year for Insurers
Apr 24 2000 // The results are in for the property/casualty industry’s fourth quarter and year end, and they don’t look any better than 1998. In fact, with the exception of a small acceleration of premium growth, 1999 was...
Allstate Profits Drop; Cat Claims to Blame
Apr 20 2000 // Allstate Corp.’s first-quarter operating profits fell 27 percent, due largely to higher than expected catastrophe claims. The country’s number two property-casualty insurer announced that operating profit,...
Progressive Losses Stack Up
Apr 19 2000 // Progressive Corp.’s first-quarter report shows $47 million in losses, mostly due to payments on claims from U.S. storm damage last year. The Ohio-based insurer reported a net loss of $46.6 million, down from a profit...
