Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
People Moves: Miller Rejoins Lockton to Lead Stop Loss, Pharmacy Practices; Zurich Alum Andrejko Returns as Head of Construction Pro Liability
May 28 2025 // Miller Returns to Lockton as a National Practice Leader With People Solutions Jeff Miller Jeff Miller rejoined Lockton, headquartered in Kansas City, Missouri, as national practice leader for the stop loss and pharmacy...
Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030
May 28 2025 // Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its...
Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk
May 22 2025 // Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on...
Global Forest Loss Tops Record as Wildfires Drive Destruction
May 21 2025 // Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing more than four times the emissions of all air travel in 2023. That’s according to the...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
May 19 2025 // Global insured losses from natural catastrophes hit $137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this trend continues, global...
Swiss Re Profits Up Despite Losses from California Wildfires
May 16 2025 // Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the business. Net income increased to $1.3 billion from $1.1 billion a year earlier,...
Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss
May 14 2025 // The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5...
German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims
May 13 2025 // Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires...
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
May 9 2025 // Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track. The...
Liberty Mutual Q1 Net Income Down 33%
May 8 2025 // Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three months of 2025—driven by...
Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
May 8 2025 // Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 2024...
Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed
May 8 2025 // Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S....
NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years
May 6 2025 // A net 30,000 New Yorkers fled the city for Florida’s Palm Beach and Miami-Dade counties in the five years through 2022, taking with them a combined $9.2 billion in income, a new report shows. The two Florida counties...
Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow
May 6 2025 // Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million a year ago during the same time. The decline, according to a letter to shareholders, was due primarily to...
Q1 Net Income at CNA Financial Down 19%
May 5 2025 // CNA Financial Corporation reported first quarter net income of $274 million, down 19% from the same period a year ago. CNA’s property/casualty operations booked net income of $311 million, with underwriting income of...
Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI
May 5 2025 // He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer...
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires
May 5 2025 // The Travelers Cos. said first-quarter 2025 fell 65% on an underwriting loss of $305 million. Travelers posted first-quarter net income of about $395 million compared to about $1.1 billion during Q1 2024. The underwriting...
Minnesota Bill Would Create Auto Insurance Program for Low-Income Residents
May 5 2025 // Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents. HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative...
APCIA, IBHS Testify Before Senate Committee on Loss Mitigation
May 2 2025 // During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said that all levels of government play a role. “Where government regulation and infrastructure allow...
AIG Q1 Underwriting Income More Than Halved on Wildfire Losses
May 1 2025 // First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North America commercial, International commercial, and global personal—recorded...
