Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AXIS Reports Q1 Operating Income of $136M on Low Catastrophe Losses
Apr 30 2015 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2015 of $156 million, or $1.54 per diluted common share, compared with $137 million, or $1.24 per...
XL Reports Q1 Operating Net Income of $194.4M, Combined Ratio at 88.9%
Apr 30 2015 // Dublin-based XL Group plc reported first quarter operating net income of $194.4 million, or $0.75 per share, for the first quarter on a fully diluted basis, down from $238.6 million, or $0.85 per share, for the same period...
Swiss Re Posts 17% Increase in Q1 Net income to $1.4 Billion
Apr 30 2015 // Swiss Re reported strong results for the first quarter of 2015, with net income rising 17 percent to $1.4 billion and ROE of 16.1 percent, “driven by profitability across all Business Units and strong investment...
Ping An Profit Rises After Stock Rally Boosts Investment Returns
Apr 29 2015 // Ping An Insurance (Group) Co., China’s second-biggest insurer, said first-quarter profit rose 85 percent as stock-market rallies boosted investment returns and banking revenue expanded. Net income climbed to 20...
Flood, Flood, or Flood: What is Really Meant When a ‘Flood’ Loss is Reported? – Part I
Apr 29 2015 // Part I “We’ve had a flood,” says the commercial insured. “Oh, no!” the agent says as he quickly reviews the file documentation to confirm whether flood coverage was even offered. Then the key...
Arch Capital Posts $277.9 Million Q1 2015 Net Income
Apr 29 2015 // Bermuda-based Arch Capital Group Ltd. reported that net income available to Arch common shareholders for the 2015 first quarter was $277.9 million, or $2.16 per share, compared to $177.0 million, or $1.30 per share, for Q1...
Hartford Reports Profit Declined in Q1
Apr 28 2015 // Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, said first-quarter profit fell 5.7 percent as results deteriorated at P/C units. Net income dropped to $467...
PartnerRe Reports $231.7 Million Q1 Net Earnings; $150.5 Operating
Apr 28 2015 // Bermuda-based PartnerRe Ltd. reported net income of $231.7 million, or $4.76 per share for the first quarter of 2015. The figure includes net after-tax realized and unrealized gains on investments of $100.3 million, or...
Everest Re Reports Q1 Net Income of $323M, Up From $293.9M in 2014
Apr 28 2015 // Bermuda-based Everest Re Group, Ltd. reported net income of $323.0 million, or $7.19 per diluted common share, for the first quarter of 2015, compared to net income of $293.9 million, or $6.21 per diluted common share, for...
Nepal Earthquake Losses Could Top $2 Billion; Sparse Insurance Coverage
Apr 27 2015 // The earthquake that struck Nepal caused about $2 billion in economic losses in the country, and only a fraction of the cost will be incurred by insurers, according to Kinetic Analysis Corp. Damage in India could cost an...
Severe Winter Weather Affected Chubb Q1 Results
Apr 24 2015 // Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as “solid” all...
German Soccer Club Insured for Revenue Losses; Policy Led by Catlin, XL
Apr 23 2015 // Borussia Dortmund is using an unusual insurance policy to recover most of the income it is losing for failing to qualify for European soccer’s elite Champions League for the first time in five years, according to two...
Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%
Apr 23 2015 // Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per...
UPDATE: Claims, Loss Estimates from Australia Storm Climb
Apr 23 2015 // Australia’s Insurance companies are sending assessors into storm-ravaged regions of New South Wales to accelerate the claims process. Insurance Council of Australia CEO Rob Whelan said assessors were visiting...
Allied World Reports Q1 Net Income of $124.4M; Operating Income of $91.7M
Apr 23 2015 // Allied World Assurance Company Holdings, headquartered in Zug, Switzerland, reported net income of $124.4 million, or $1.27 per diluted share, for the first quarter of 2015 compared to net income of $177.0 million, or...
Texas Home Insurers Seek Lawsuit Protection Despite Healthy Profits
Apr 22 2015 // Texas home insurers saw a third straight year of healthy profits in 2014 due to higher rates and fewer severe storms across the state. But The Dallas Morning News reports a rising tide of lawsuits filed by homeowners in...
ACE Reports Q1 Operating Income of $745 Million; Net Income $681 Million
Apr 22 2015 // ACE Limited reported net income for the quarter ended March 31, 2015, of $681 million, or $2.05 per share, compared with $734 million or $2.14 per share in Q1 2014. Operating income was $745 million, or $2.25 per share,...
Travelers CEO Fishman: Q1 Results ‘Encouraging Start’ to Year
Apr 21 2015 // The Travelers Companies Inc. reported that quarterly net profit fell in the first quarter about 20 percent due to lower net investment income and a drop in underwriting gains. Net income fell to $833 million for the...
Cooper Gay Swett & Crawford Posts 2014 Growth; Overall Revenue up 13.4%
Apr 21 2015 // Cooper Gay Swett & Crawford (CGSC) as posted the results of its business activity in 2014, which show overall revenue growth from fees and commission of 13.4 percent to $387 million, compared to $336 million in...
California Workers’ Comp Premium Up 11% in 2014; Combined Ratio Still Exceeds 100
Apr 20 2015 // California written premium for calendar year 2014 was roughly $16.5 billion, 11 percent above the total in 2013 and 88 percent above the written premium reported for 2009, according to a report from the California...
