Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Greenlight Re Reports Q2 Net Loss of $39.6M on Investments, Legacy Business
Aug 5 2015 // Cayman Islands-based Greenlight Re reported a net loss of $39.6 million for the second quarter of 2015, compared to net income of $109.6 million for the same period in 2014. The net loss per share for the second quarter of...
NCCI Proposes Decrease for Workers’ Comp Loss Costs in Maryland
Aug 4 2015 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Maryland Insurance Administration. NCCI stated in its July 28 filing that based on its review...
AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb
Aug 4 2015 // American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily...
AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains
Aug 4 2015 // French insurer AXA SA said first-half profit rose 2.3 percent, helped by higher life-insurance earnings in the U.S. and France. Net income at France’s biggest insurer climbed to €3.08 billion ($3.37 billion) from...
XL Group Posts Q2, 1st HY Earnings; Boosted by Catlin Acquisition
Aug 4 2015 // XL Group’s second quarter report showed a net decrease in operating income to $245.8, compared to $279.6 million in Q2 2014. For the first half of 2015 XL reported operating earnings of $440 million, down from $518...
Insured Catastrophe Losses Fell 36% in First Half of 2015
Aug 3 2015 // Property/casualty insurers’ catastrophe losses in North America for the first-half of this year were down 36 percent to $8.1 billion from 2014’s total of $12.6 billion, making it the lightest catastrophe first...
Aon’s Q2 2015 Earnings Report: Total Revenue -4%; Net income -41%
Jul 31 2015 // Aon’s second quarter earnings report highlights some of the difficulties the re/insurance industry is experiencing. Total revenues from Aon’s combined sector activities decreased by four percent to $2.80...
Brit Reports H1 After-Tax Profit of US$6.4M, Compared to $94.5m in 2014
Jul 31 2015 // London-based Brit plc, which completed its merger with Fairfax Financial Holdings in the first half of this year, reported operating profit before foreign exchange and transaction related expenses of $70.9 million,...
Arch Reports Q2 Net Income of $110.3M, Compared to $202.5M in Q2 2014
Jul 31 2015 // Arch Capital Group Ltd., headquartered in Bermuda, reported second quarter net income of $110.3 million, or $0.88 per share, compared to $202.5 million, or $1.48 per share, for the 2014 second quarter. Net income available...
Hanover Insurance Reports $120.7M Q2 Net Income
Jul 30 2015 // The Hanover Insurance Group Inc. in Worcester, Massachusetts, reported on July 29 net income of $120.7 million for its 2015 second quarter, up 46 percent from $82.6 million net income during last year’s second...
USDA Expects to Pay Farmers $191M for Bird Flu Losses
Jul 30 2015 // The federal government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu. U.S. Secretary of Agriculture Tom Vilsack says that’s in addition to the nearly $400 million spent...
Swiss Re P&C Unit Misses Earnings Targets; Shares Drop
Jul 30 2015 // Shares in Swiss Re, Europe’s second-biggest reinsurer, fell the most since April in Zurich trading after second quarter earnings missed analysts’ estimates on lower profitability at its property and casualty...
Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s
Jul 30 2015 // Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the...
Generali 2nd Quarter Profit Rises 51% on Life Business
Jul 30 2015 // Assicurazioni Generali SpA said second-quarter profit rose 51 percent, beating analysts’ estimates, after earnings from life insurance surged. The shares climbed in Milan. Net income at Italy’s biggest insurer...
Businesses Report Losses from Lowering of Ohio’s Buckeye Lake
Jul 29 2015 // More than a dozen businesses near central Ohio’s Buckeye Lake say they’ve lost significant revenue with the water kept low as plans are made to replace a deteriorated dam. The businesses detailed their losses...
Extension Granted for Flood Proof of Loss Forms in Louisiana
Jul 29 2015 // The Federal Emergency Management Agency (FEMA) has extended its filing deadline for National Flood Insurance Program (NFIP) policyholders in Louisiana impacted by recent flooding, the insurance department announced. The...
RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M
Jul 29 2015 // RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in...
SCOR 2nd Quarter Net Income Rises 26% to $168 Million
Jul 29 2015 // SCOR SE, France’s largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar helped push up premium growth. Net income climbed to 152 million euros ($168 million) from 121 million euros a...
AXIS Reports Q2 Net Income of $63M, Compared to $191M in Q2 2014
Jul 29 2015 // AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2015 of $63 million, or $0.63 per diluted common share, compared with $191 million, or $1.79 per diluted common...
PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2
Jul 28 2015 // PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter loss with which to...
