Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
MAPFRE Posts $512 Million Q1 Pre-tax Profits; Revenues up 8.9% to $8.389 Bn
May 11 2015 // Spain’s MAPFRE posted significant increases in the first quarter of 2015 with total revenues up 8.9 percent to €7.515 billion [$8.389 billion] and “gross written and accepted premiums” up by 2.6...
$952 Million: PERILS Initial Loss Estimate for Windstorm Mike-Niklas
May 11 2015 // PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has given an initial estimate for windstorm Mike-Niklas (Lentestorm in the Netherlands) of €853 million [$952...
Third Point Re Reports Q1 Net Income of $50.5M, Up From $39.8M in Q1 2014
May 8 2015 // Bermuda-based Third Point Reinsurance Ltd. reported first quarter net income of $50.5 million, or $0.47 per diluted common share, compared with net income of $39.8 million, or $0.37 per diluted common share, for the first...
Zurich Profit Falls 4% on Decline at General Insurance Unit
May 7 2015 // Zurich Insurance Group AG, Switzerland’s biggest insurer, said first-quarter profit fell 4 percent on lower earnings from general insurance and higher tax payments. Net income declined to $1.22 billion from $1.28...
Munich Re Posts Q1 2015 $896 Million Profit; Lower Operating Results
May 7 2015 // Munich Re announced that it realized a profit of €790 million [$896 million] for the first quarter of 2015, compared to €941 million [$1.067 billion] in Q1 2014. Despite the lower figure, Munich Re said it is...
ING’s First-Quarter Net Profit Rises 43% to $1.4 Billion
May 7 2015 // ING Groep NV, the biggest Dutch financial-services company, said first-quarter profit rose 43 percent amid a boost from lending and commissions. Underlying net profit rose to 1.19 billion euros ($1.4 billion) from 830...
Allstate Says Profit Up 13% in Q1; Will Raise Auto Rates
May 6 2015 // Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said first-quarter profit rose 13 percent as margins improved at the property- liability business and catastrophe losses fell. Net income...
Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million
May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The...
Industry Representatives Examine Potential Claims Issues Following Riots
May 6 2015 // Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in wake of the Baltimore riots that shook the city last week. And more than 200 businesses were damaged during the riots,...
Flood, Flood or Flood? – Part II
May 6 2015 // In case you missed it (and don’t want to begin in the middle of the conversation), here is the link to Part I. Part II AAIS’s COP and COP XL Coverage Forms AAIS’s COP and COP XL are designed and intended...
SCOR Posts $196 Million Q1 Net Income; GWP up 17% to $3.5 Billion
May 6 2015 // French reinsurer SCOR made a strong start to 2015; posting consolidated net income in the first quarter of €175 million [$196 million], a 29.6 percent gain from the €135 million [$151.3 million] in Q1 2014. SCOR listed...
Allianz Profit Rises 11% to 1.82 Billion Euros Despite Outflows From PIMCO
May 6 2015 // Allianz SE, Europe’s biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the most in six...
RenaissanceRe Reports Q1 Net Income of $167.8M, Up From $151M in Q1 2014
May 6 2015 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $167.8 million, or $4.14 per diluted common share, in the first quarter of 2015, compared to $151.0 million,...
P/C Insurers Post Underwriting Profit, Record Surplus for 2014
May 5 2015 // The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another...
Argo Group Posts $58.8 Million Q1 2015 Net Income; $29.3 Million Operating
May 5 2015 // The Bermuda-based Argo Group International Holdings, Ltd. announced first quarter net income of $58.8 million or $2.05 per diluted share, compared to $40.2 million or $1.36 per diluted share for the first quarter of...
Endurance Reports Q1 Net Income of $100.3M, Up From $96.3M in Q1 2014
May 5 2015 // Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $100.3 million and $2.23 per diluted common share for the first quarter of 2015 versus net income of $96.3 million and $2.17 per...
E&O Insights: Insuring Restaurants and Taverns Presents Some Real E&O Risks
May 4 2015 // Although most agencies insure at least one restaurant or tavern, this shouldn’t suggest that they are easy accounts to write. Errors and omissions (E&O) carriers will readily admit that writing this class of...
AIG’s Commercial Lines Improves in Q1
May 1 2015 // American International Group Inc.’s reported good news in its commercial lines business during the first quarter that was partially offset by low interest rates and weak investment returns. AIG on Thursday reported...
Aon Reports $328M in Q1 Net Income, Compared to $325M in Q1 2014
May 1 2015 // Aon plc reported net income attributable to Aon shareholders of $328 million, or $1.14 per share, compared to $325 million, or $1.06 per share, for the prior year quarter. Net income per share attributable to Aon...
Validus Reports $173.4M Q1 Net Income, Up From $162.4M in Q1 2014
May 1 2015 // Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015, compared to $162.4 million, or $1.66 per diluted...
