Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
InsWeb To Trim Staff, Revenues Expected To Fall Short
Jun 5 2000 // Reuters news service reported the company said it would cut 40 percent of its staff of more than 200 as it discontinues certain operations and consolidates its main businesses. Revenues for the second quarter are expected...
Farmers Offers Loss Reporting Via the Internet
Jun 2 2000 // Once a Farmers customer accesses the Claims web page, they will be able to enter information such as their policy number, details surrounding the loss, where they can be contacted and the best time for Farmers to contact...
French Insurance Association Ups Storm Loss Estimates
May 31 2000 // Federation Francaise des Societes d’Assurance (FFSA) president Denis Kessler said yesterday that the loss estimates from last winter’s storms, Lothar and Martin, would top 45 billion francs ($6.4 billion)...
WCIRB Reports Final Summary of 1999 Year-End Results for California
May 26 2000 // On May 25, the Workers’ Compensation Insurance Rating Bureau (WCIRB) released its final summary of year-end statewide results, updating a preliminary summary released April 7, 2000. The WCIRB continues to report...
ING 1st Quarter Profits Up 32 Percent
May 26 2000 // Holland’s ING Group announced earnings increases in both its banking and insurance sectors for the 1st quarter. Net pretax profit from combined operations rose 32 percent from €775 million ($697.5 million) to...
Lloyd’s Amlin Plc Posts Profit For 1999
May 19 2000 // Not all Lloyd’s underwriters are losing money. Amlin Plc, reporting on an annual basis for the first time, posted a 1999 pre-tax profit of £18.3 million ($27 million). Amlin owns 57.8 percent of three Lloyd’s...
Stirling Cooke Brown Reports $1 Million 1st Quarter Loss
May 16 2000 // Bermuda based insurance broker and program manager Stirling Cooke Brown Holdings Ltd., posted a $1 million net loss for the 1st quarter, compared with net income of $3.6 million last year. Total revenues for the quarter...
American Re Announces $58.9 Million 1st Quarter Loss
May 15 2000 // American Re Corp., the U.S. subsidiary of Munich Re, announced a 1st quarter loss of $58.9 million, compared with profits of $57 million for the same period last year. “The result for the first quarter of 2000...
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...
