Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Lloyd’s Reports US$4.9 Billion (£3.2 Billion) Profit for 2014, Level With 2013
Mar 26 2015 // Lloyd’s announced a pre-tax profit of US$4.9 billion (£3.2 billion) for 2014, which is unchanged from the profit figure reported in 2013. The 2014 profit was driven by a relatively benign year for major natural...
2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
Mar 25 2015 // Swiss Re has just released its sigma report on catastrophe losses for 2014, which confirms that total global economic losses from natural catastrophes and man-made disasters were around $110 billion, compared to global...
Second Injury Funds: Are They Still Necessary or Just a Drain On the System?
Mar 25 2015 // Second (or subsequent) injury funds (SIFs) have been abolished in 20 states. Alabama and Maine began this movement in 1992, with South Carolina being the most recent convert; each ending its respective program in 2013....
Talanx Q4 Profit Rose 17% on Measures to Restructure German Retail Division
Mar 23 2015 // Talanx AG, Germany’s third-biggest insurer, said fourth-quarter profit rose 17 percent helped by investment gains as it sought to restructure its German retail division. Net income increased to 239 million euros...
Ping An Profit Jumps 40% in 2014 on Strong Investment Returns
Mar 20 2015 // Ping An Insurance (Group) Co., China’s second-biggest insurer, rose to the highest in more than four years in Hong Kong stock trading on Thursday after it said profit jumped 40 percent last year. The shares advanced...
A.M. Best Report: Caribbean General Insurers Still Profitable Despite Challenges
Mar 17 2015 // The Caribbean general insurance market remains profitable, albeit challenging, for participants, according to an A.M. Best special report titled “Caribbean-based General Insurers: What Lies Ahead?” The report...
Nat Cat Risks Aggravated by Persistent Extreme Weather Conditions: Munich Re
Mar 13 2015 // Munich Re has published a report, which notes that “over the past years, persistent extreme weather conditions have triggered severe natural catastrophes and caused losses in the billion range.” In addition the...
Generali Q4 Profit Drops 75% on Higher Impairments
Mar 12 2015 // Assicurazioni Generali SpA, Italy’s biggest insurer, said fourth-quarter profit slid 75 percent after impairments of its Russian stake and related to the sale of BSI. The insurer increased its dividend by 33...
Munich Re Continues Buying Back Shares Amid Falling Profit
Mar 11 2015 // Munich Re, the world’s biggest reinsurer, will continue buying back shares as declining prices and lower investment income undermine earnings. Munich Re plans to repurchase an additional €1 billion ($1.056 billion)...
Low Catastrophe Claims Help to Boost Full-Year Profit for Hannover Re
Mar 10 2015 // Hannover Re, the world’s third-biggest reinsurer, plans to pay a special dividend after fourth-quarter profit rose more than analysts estimated, helped by low catastrophe claims. The shares climbed. Net income rose...
2015 Outlook: Profitable Despite Lower Rates
Mar 9 2015 // The commercial property/casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and an improving economy have...
Texas-Based National Lloyds Sees Record Earnings in 2014
Mar 6 2015 // National Lloyds Corp., a Waco-based insurance holding company, announced its best yearly earnings in the company’s history with $25.7 million of pre-tax income. Over the past several years, storm activity in Texas...
Aon Benfield Cat Report Focuses on U.S. Snow/Ice and $1 Billion+ Losses
Mar 6 2015 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has released the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that...
Liberty Mutual Reports Q4 Gains Despite Jump in Catastrophes
Mar 6 2015 // Liberty Mutual Holding Co. finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number of severe storms. David...
U.K.’s Aviva Reports 6% Increase in Operating Profit for 2014
Mar 5 2015 // Aviva plc, in the midst of buying Friends Life Group Ltd. for $8.6 billion, increased its shareholder payout for 2014 by 30 percent as the insurer reported higher profit. The final dividend was lifted to 12.25 pence per...
State Farm Reports 2014 Underwriting Loss, Operating Profit
Mar 4 2015 // State Farm reported an underwriting loss in 2014, though investment and other income still helped leave it with an operating profit. The insurer’s combined property/casualty underwriting loss landed at $939 million,...
U.K.’s Direct Line 2014 Profit Misses Estimates on Less Premiums Written
Mar 3 2015 // Direct Line Insurance Group plc reported 2014 pretax profit that missed analyst estimates as the British home and car insurer wrote less premiums. Pretax profit for continuing operations rose 12 percent to 456.8 million...
Utah Firm to Issue Refunds to Settle Suit Over Weight-Loss Pills
Mar 2 2015 // A Salt Lake City, Utah-based company has agreed to pay refunds to consumers who purchased its weight-loss tablets to settle a class-action lawsuit that claimed its advertising slogan, “Eat All You Want & Still...
Ireland’s FBD Holdings Reports Worse-Than-Forecast Operating Loss, Weak Outlook
Mar 2 2015 // FBD Holdings plc plunged in Dublin trading after the Irish insurer’s full-year results missed its own downgraded forecast and its operating profit outlook for 2015 fell short of analysts’ expectations. FBD...
Old Mutual’s Full-Year Profit Falls 8% on Currency Fluctuations
Feb 27 2015 // Old Mutual plc, Africa’s biggest insurer, said 2014 profit fell after the average rate of the South African rand weakened 18 percent against the pound. Net income from continuing operations declined to 902 million...
