Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
‘We Start Businesses Instead of Buying Them,’ Berkley Says in Last Earnings Conference Call as CEO
Nov 16 2015 // William R. Berkley’s last earnings conference call as chief executive officer of the company that bears his name lasted just over 20 minutes, with a lack of questions about a less-eventful quarter than competitors...
Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q
Nov 16 2015 // Mercury General Corp. at the start of November reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly...
Connecticut Approves Workers’ Comp Loss Cost Decrease of 3.9%
Nov 6 2015 // Connecticut Insurance Commissioner Katharine L. Wade said Connecticut employers can expect to pay less next year for their workers’ compensation insurance as a result of the Insurance Department’s approval this...
Global Cat Losses in October Likely to Top $10 Billion: Impact Forecasting Report
Nov 6 2015 // Global catastrophe losses in October are expected to top $10 billion, according to a report from Impact Forecasting, Aon Benfield’s catastrophe model development unit. A record 22 global tropical cyclones have now...
Allianz’ Q3 Profit Down 15% as Earnings Decline at P&C, Asset Management Units
Nov 6 2015 // Allianz SE, Europe’s biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ($1.48 billion)...
Generali Q3 Profit Falls 18% on Decline in Life Insurance Business
Nov 5 2015 // Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit fell 18 percent after operating income declined at its life-insurance business. Net income dropped to 420 million euros [$458.6 million]...
Mexico Catastrophe Bond Likely to Pay on Hurricane Patricia’s Losses: S&P
Nov 5 2015 // Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard & Poor’s...
Zurich Insurance Q3 Profit Falls 79% on Losses from Tianjin Port Explosions
Nov 5 2015 // Zurich Insurance Group AG said profit fell 79 percent in the third quarter after it booked $275 million in losses from the Tianjin disaster and set aside $367 million more in reserves to cover mainly North American auto...
Munich Re Q3 Profit Declines 29% on Investment Earnings
Nov 5 2015 // Munich Re, the world’s biggest reinsurer, said third-quarter profit slumped 29 percent on a decline in earnings from investments. Net income declined to 520 million euros [$567.8 million] in the three months through...
Allstate Profit Down in Q3 as Auto Claims Rise
Nov 4 2015 // Allstate Corp., the largest publicly traded U.S. car and home insurer, said third-quarter profit slipped 17 percent as claims rose and policy growth slowed in the automobile insurance business. Net income decreased to $650...
Jardine Lloyd Thompson Cuts Profit Forecast on Pension Changes, Strong Pound
Nov 3 2015 // Jardine Lloyd Thompson Group Plc lowered its expectations for 2015 profit after government pension changes hurt the insurance broker’s U.K. employee benefits business and the stronger pound cut income from overseas....
As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs
Nov 2 2015 // American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400...
Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q
Nov 2 2015 // Mercury General Corp. reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly dividend of 62 cents per...
Guy Carpenter Says Wildfire Losses May Exceed $1.75B
Nov 2 2015 // A briefing from Guy Carpenter & Company, LLC in late October shows more than 9 million acres were burned by wildfires so far this year, most of that occurring in the Western U.S, and that insured losses from wildfires...
Selective Insurance Group Reports $47M Q3 Net Income
Oct 30 2015 // Selective Insurance Group in Branchville, New Jersey, reported $47.0 million net income for its 2015 third quarter, down 12 percent from $53.2 million net income reported a year earlier. The third-quarter operating income,...
Willis Reports Q3 Net Income of $117M, Compared to $7M Net Loss in Q3 2014
Oct 30 2015 // Willis Group reported net income of $117 million, or $0.64 per diluted share, during the third quarter ending Sept. 30, compared to a net loss of $7 million, or $(0.04) per diluted share, in the prior year quarter. For the...
Validus Reports $22 Million Hike in 3rd Quarter Net Income to $66.7 Million
Oct 30 2015 // Validus Holdings Ltd. reported net income of $66.7 million, or $0.78 per diluted common share, for the third quarter ended Sept. 30, 2015, compared to $39.7 million, or $0.41 per diluted common share, for the same period...
Aon’s Q3 2015 Net Income down 5%; 15% for 1st 9 Months
Oct 30 2015 // Aon plc’s third quarter and 1st 9 months 2015 Earnings report shows an overall decline in revenue and profits, compared to the same periods in 2014. Net income attributable to Aon shareholders was $295 million, or...
Arch Capital Reports Q3 Net Income of $74.5M, vs. $223.2M in Q3 2014
Oct 29 2015 // Bermuda-headquartered Arch Capital Group Ltd. reported net income available to common shareholders for the third quarter ending 2015 was $74.5 million, or $0.60 per share, compared to $223.2 million, or $1.64 per share,...
Hanover Q3 Profit Increases 42% to $78M
Oct 29 2015 // The Hanover Insurance Group Inc. reported $78.3 million net income for its 2015 third quarter, a 42.6 percent increase from $54.9 million net income reported a year earlier. The Worcester, Massachusetts-based insurer said...
