Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Generali’s Net Profit Rises 34.6% in First Half
Aug 1 2019 // Italy’s top insurer, Generali , reported first-half operating profit above market estimates on Thursday, helped by growth across its business segments, and confirmed all of its three-year targets announced in...
AXA’s H1 Net Income Drops 19% on Hit From Spinoff of Equitable in U.S.
Aug 1 2019 // AXA SA’s shift away from life insurance yielded growing volumes and improved profitability as a restructuring move hit the bottom line. The French financial giant’s first-half net income fell 19% to 2.33...
Allstate Says Q2 Results Reflect Strategy Momentum
Jul 31 2019 // The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and liability insurance products while also expanding into other protection products is working. Overall...
Businesses Believe Cyber Insurance Covers More Than It Does: Survey
Jul 31 2019 // Seven in 10 senior financial executives at the world’s largest companies believe their insurer would cover most or all of the losses their company would incur in a cyber attack. Many of the losses they foresee,...
Swiss Re H1 Profit Hit by Ethiopian Airlines Crash, Grounding of Boeing 737 MAX
Jul 31 2019 // Swiss Re’s first-half net profit fell 5.3%, as claims relating to the Ethiopian Airlines crash and the subsequent grounding of the Boeing 737 MAX, plus natural catastrophes took their toll. The world’s...
Captives Remain Profitable, Outperform Commercial Insurers, Reports A.M. Best
Jul 30 2019 // U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according...
Challenges Facing the Florida Insurance Market: A Reinsurer’s Perspective
Jul 30 2019 // Hurricanes Irma and Michael served as a reminder that Florida, more than any other state, is at risk of one of the most intense natural perils, namely hurricanes. The existence of a stable insurance market providing its...
Argo Group Warns Q2 Earnings Will Take a Hit
Jul 29 2019 // Argo Group International Holdings Ltd. is warning that its results for its 2019 second quarter will take a hit due to losses affecting operations in London, Europe and Bermuda. Issues at play include: Prior year losses of...
Chubb Q2 Saw Net Income Dip, Premium Growth
Jul 25 2019 // Global insurer Chubb’s saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. “This quarter was about growth and...
Update: French Reinsurer SCOR Reports 62% Rise in Net Profit During 2nd Quarter
Jul 25 2019 // French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet financial targets it set...
Modeler Estimates Insured Losses from California Quakes Less Than $40M
Jul 24 2019 // A catastrophe modeler estimates the total loss from the 7.1 Magnitude and M6.4 earthquakes that struck near Ridgecrest, Calif., earlier this month will be about $200 million, not including infrastructure or damage to...
Travelers Profit Up 6.3% in Q2 on Lower Catastrophe Losses, Higher Investments
Jul 23 2019 // The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than the $524 million in the prior year quarter. The insurer reported lower catastrophe losses and higher net...
Insurer Beazley’s 1st Half Earnings Nearly Triple on Higher Premium Rates
Jul 23 2019 // Lloyd’s of London insurer Beazley Plc said on Tuesday its first-half earnings nearly tripled from last year, as it wrote more policies at higher rates and said it expects double-digit premium growth over the...
New Barry Insured Loss Estimate: Not More Than $500M, RMS Says
Jul 23 2019 // Global risk modeling and analytics firm, RMS, has estimated that the insured U.S. losses from Hurricane Barry will not exceed $500 million. This estimate represents insured losses associated with wind, storm surge and...
CoreLogic Estimates Barry Flood, Wind Losses at $500M to $900M
Jul 19 2019 // The total cost of losses from damage caused by Hurricane Barry will likely fall between $500 million and $900 million, Irvine, California-based property information and data analytics provider CoreLogic says. CoreLogic...
Allstate Says 60% of June Insured Cat Losses Came from Texas
Jul 18 2019 // Announcing total estimated catastrophe losses for June, Allstate Corporation attributed 60 percent of those losses to four severe wind and hail weather events that primarily impacted Texas. Allstate estimated catastrophe...
No Workers’ Compensation Loss History? No Problem, Says Valen Analytics
Jul 18 2019 // Workers’ compensation carriers can now accurately score a policy even where there is no loss history on the account, according Valen Analytics, a data analytics and predictive modeling firm for the property/casualty...
Karen Clark & Co. Estimates $300M in Non-NFIP Insured Losses from Barry
Jul 16 2019 // Catastrophe modeling firm, Karen Clark & Company (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program...
U.S. P/C Insurers’ Net Income Increased 69% in 2018 Over 2017: A.M. Best
Jul 15 2019 // The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and...
Why First Notice of Loss Is Key to Customer Satisfaction: Viewpoint
Jul 11 2019 // What’s worse: An incident that caused an insurance claim or the claims process itself? Ask a policy holder who has recently lived through a homeowners’ insurance claim process and the results might not be as...
