Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
NCCI Proposes Decrease in Workers’ Comp Loss Costs in Georgia
Nov 7 2014 // The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost and assigned risk rate filing to the Georgia Department of Insurance. Based upon its review of the most...
Allianz Reports 11.2% Hike in Net Income During Third Quarter
Nov 7 2014 // During the third quarter of 2014, Allianz Group reported total quarterly revenues increased 14.5 percent to 28.78 billion euros*, compared to 25.14 billion euros in the third quarter of 2013. Operating profit stood at 2.65...
Swiss Re Net Income Rises 14%, Supported by Lower Catastrophe Losses
Nov 7 2014 // Swiss Re AG, the world’s second- biggest reinsurer, said third-quarter profit rose 14 percent, beating analysts’ estimates, following lower-than-expected losses from natural catastrophes. Net income rose to...
Munich Re Profit Misses Estimates as Investment Income Falls
Nov 6 2014 // Munich Re, the world’s biggest reinsurer, posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed- income investments. Net income rose 16 percent from the...
RSA Premiums Drop 16%, Focuses on Most Profitable Business
Nov 6 2014 // RSA Insurance Group Plc reported a 16 percent drop in net written premiums in the first nine months of this year as the insurer withdrew from less profitable business. The company, which was hit with an accounting scandal...
Zurich Profit Misses Estimates on General Insurance, Taxes
Nov 6 2014 // Zurich Insurance Group AG, Switzerland’s biggest insurer, reported third-quarter profit that missed analysts’ estimates as income from general insurance fell while taxes rose. Net income fell to $928 million...
New Hampshire Approves NCCI’s Loss Cost Decrease Filing
Nov 6 2014 // The New Hampshire Insurance Department announced Wednesday that it has approved the National Council on Compensation Insurance’s (NCCI) advisory loss cost and rating values filing to be effective Jan. 1, 2015. The...
Low Disaster Claims Boost Profits in Third Quarter for European Insurers
Nov 6 2014 // European insurers posted strong increases in earnings in the third quarter, helped by a slump in payouts for catastrophe damage, rising premium income, cost cuts and a weaker euro. Besides losses from the Malaysia Airlines...
Canadian P&C Insurer Intact Financial’s 3rd Quarter Profit Rises
Nov 5 2014 // Intact Financial Corp., Canada’s largest property and casualty insurer, reported a more than four-fold rise in quarterly profit, helped by a sharp fall in catastrophe losses. The company’s profit last year was...
RenaissanceRe Reports Q3 Net Income of $67.8 Million
Nov 5 2014 // RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $67.8 million, or $1.70 per diluted common share, in the third quarter of 2014, compared to $179.7 million, or $4.01, respectively, in the...
Hannover Re 3rd Quarter Profit Rises 21% on Benign Hurricane Season
Nov 5 2014 // Hannover Re, the world’s third- biggest reinsurer, said third-quarter profit rose 21 percent, helped by a benign U.S. hurricane season and higher income from investments. Net income rose to 251 million euros ($315...
State Auto Financial Reports $11.9M Net Income in Q3 2014
Nov 4 2014 // Columbus, Ohio-based State Auto Financial Corp. reported third quarter 2014 net income of $11.9 million, or $0.28 per diluted share, versus net income of $18.5 million, or $0.45 per diluted share, for the third quarter of...
AIG Q3 Net Income Rises 1% to $2.19B, More Share Buybacks Planned
Nov 4 2014 // Insurer American International Group on Monday reported better-than-expected third quarter earnings, bolstered in part by improved performance at core insurance operations. After-tax operating income jumped 23 percent from...
Lockton, Burns & Wilcox Brokerage Offer Income Protection without Physical Loss
Nov 2 2014 // Lockton Cos. and wholesale broker Burns & Wilcox Brokerage have joined the Ebola-sensitive insurance protection movement with a product that protects companies from income losses and increased costs incurred without...
Top 25 D&O Insurers Show Healthy Growth: SNL
Oct 31 2014 // Direct premiums written for the directors’ and officers’ liability insurance industry grew 7.35 percent year over year in the first half of 2014, rising to $2.91 billion, according to an SNL Financial analysis...
Selective Insurance’s Q3 Profit Rises 63% to $53M
Oct 30 2014 // Selective Insurance Group reported $53.2 million net income for its 2014 third quarter, a 62.7 percent increase from $32.7 million net income during the third quarter of 2013. The Branchville, New Jersey-based...
Hanover Insurance’s Q3 Net Income Falls 10% to $55M
Oct 30 2014 // The Hanover Insurance Group Inc. reported $54.9 million net income for its 2014 third quarter, a 10.4 percent decline compared with $61.3 million net income during the third quarter of 2013. The Worcester,...
Healthcare Overhaul Boosts Earnings at Insurer WellPoint
Oct 30 2014 // Indianapolis, Ind.-based WellPoint raised its 2014 earnings forecast again and trumped third-quarter expectations as the overhaul of the healthcare system adds millions to the nation’s health insurance rolls, and at...
AIG Offers Loss Control for Corporate Aerospace Customers
Oct 30 2014 // American International Group Inc. (AIG) has partnered with Wyvern Consulting, an aviation risk management and safety auditing firm, to launch AirGuard safety and loss control services designed to address safety and...
The Hartford Profit Up 32% in Q3
Oct 29 2014 // The Hartford reported third quarter 2014 net income totaled $388 million, up 32 percent from $293 million in third quarter 2013. The insurer said core earnings were $477 million for the three months ended Sept. 30, 2014,...
