Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Florida Completes $1.2B Revenue Bond Sale
Feb 9 2016 // Florida completed a $1.2 billion in revenue bond sale on Feb. 8 issued by the State Board of Administration Finance Corporation, formerly known as the Florida Hurricane Catastrophe Fund (FHCF). The fund is designed to help...
Illinois County Seeks Insurance Recovery for Employee Fraud Loss
Feb 9 2016 // A northern Illinois county purchasing director allegedly spent more than $60,000 on personal items, according to a draft of an insurance claim Winnebago County plans to file. The Rockford Register Star reports the claim...
Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan
Feb 9 2016 // Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2...
Texas Supreme Court: Loss-of-Use Damages Allowed in Total Loss Cases
Feb 8 2016 // Are loss-of-use damages, such as lost profits, allowed in Texas when an insured has recovered fair market value on a commercial vehicle that is deemed a total loss after an accident? The Texas Supreme Court thinks so,...
Texas Led Nation in Cat Losses in 2015
Feb 8 2016 // Tornadoes, hailstorms and fires took their toll on Texas last year with insured losses well over $3 billion, according to an insurer trade group The state had more than three times as many claims and almost three times the...
Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters
Feb 8 2016 // It was a relatively quiet year for natural disasters – except for those living in the Western United States, according to property data provider CoreLogic, in its annual Natural Hazard Risk Summary and Analysis, released...
Agents Say Blizzard Losses Relatively Light So Far
Feb 8 2016 // A massive blizzard, unofficially named Winter Storm Jonas by the Weather Channel, swept through the East Coast over the Jan. 23-24 weekend. The storm brought heavy snowfall and blizzard conditions to much of the...
The Hanover Insurance Group Posts $77M Q4 Profit
Feb 5 2016 // The Hanover Insurance Group Inc. posted Thursday net income of $77.6 million for the 2015 fourth quarter, down 13 percent from $89.9 million net income during the 2014 fourth quarter. The Worcester, Massachusetts-based...
Aon Reports 27% Rise in Q4 Net Income; 1% Decline During Full Year
Feb 5 2016 // London-based Aon plc reported net income attributable to Aon shareholders in the fourth quarter of 2015 was $584 million, or $2.09 per share, a 27 percent increase from $459 million, or $1.56 per share, reported during for...
P/C Insurer Results: Profit Inched Up in First 9 Months of 2015
Feb 5 2016 // Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by...
Insured Property Loss from UK Storms Eva & Frank Estimated at $767.7M: PERILS
Feb 5 2016 // The initial estimate of the insured property market loss for UK flood damage during the period from Dec. 25, 2015 to Jan. 14, is £526 million ($767.7 million), according to PERILS, the independent Zurich-based...
RenaissanceRe’s Q4 Operating Income Is $135M, Down from $140.3M in Q4 2014
Feb 4 2016 // Bermuda-based RenaissanceRe Holdings Ltd. reported fourth quarter 2015 operating income available to RenaissanceRe common shareholders of $135.0 million, or $3.07 per diluted common share, compared to $140.3 million, or...
Surge in Auto Claims Dampens Allstate Q4 Profit
Feb 4 2016 // Allstate Corp., the largest publicly traded U.S. car and home insurer, said fourth-quarter profit fell on a surge in auto claims. Net income declined 41 percent to $489 million, or $1.18 a share, from $824 million, or...
Everest Re Reports Q4 Operating Income of $353.5M, vs $331.5M in Q4 2014
Feb 4 2016 // Bermuda-based Everest Re Group Ltd. reported fourth quarter 2015 after-tax operating income available to common shareholders of $353.5 million, or $8.17 per diluted common share, compared to after-tax operating income of...
Munich Re Reports Q4 Profit Remains Level at 700M Euros; Dividend Hike Ahead
Feb 4 2016 // Munich Re, the world’s second-biggest reinsurer, plans to increase its dividend more than expected after fourth-quarter profit remained unchanged from a year earlier. The company plans to raise the dividend to 8.25...
Rival Insurance Pros Assess Super Bowl Risks and Probability of Loss
Feb 3 2016 // Carolina Panthers quarterback Cam Newton can be wild and the Denver Broncos’ Peyton Manning is no spring chicken. Which QB is the best insurance risk? Insurance Journal wanted to learn how insurance professionals...
AXIS Capital Reports Q4 Operating Income of $120M, Level with Q4 2014
Feb 3 2016 // AXIS Capital Holdings Ltd. reported net income available to common shareholders for the fourth quarter of 2015 of $135 million, or $1.39 per diluted common share, compared with net income of $164 million, or $1.60 per...
Agents Say Blizzard Losses Relatively Light So Far
Feb 1 2016 // A massive blizzard, unofficially named Winter Storm Jonas by the Weather Channel, swept through the East Coast over the Jan. 23-24 weekend. The storm brought heavy snowfall and blizzard conditions to much of the...
Multi-Year Trend of Reduced Natural Hazard Activity Continues in 2015
Feb 1 2016 // This post is part of a series sponsored by CoreLogic. Low-Level Hazard Activity Results in Decreased Damage and Loss Totals Looking at the big picture, 2015 was a quiet year in terms of natural hazard activity. Overall,...
Bermuda’s Validus Reports 2015 Net Income of $374.9M, vs. $480M in 2014
Jan 29 2016 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for the three months ended Dec. 31, 2015, compared to $125.9 million, or $1.38 per diluted...
