Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Wheat Harvest Down, Kansas Farmers See Income Decline in 2014
Aug 12 2014 // One of the worst wheat harvests in decades followed by an abundant corn and soybean crop that’s driving down prices have Kansas farmers preparing for a sharp income decline after several good years. The agricultural...
California Judge Tosses Loral’s $283 Million Patent Infringement Loss
Aug 12 2014 // Loral Space & Communications Inc. won a reversal of a $283 million damages award against its former unit Space Systems/Loral, as the winning company, ViaSat Inc., sought a court order barring further patent...
PERILS Issues 3rd Insured Loss Estimate for Windstorm Tini – $375 Million
Aug 12 2014 // PERILS AG said its revised loss estimate for windstorm Tini, also known as Darwin, which affected Ireland and the United Kingdom on February 12 and 13, is €281 million [$375 million]. The third estimate of the property...
Allianz Profit Beats Estimates on Lower Claims, Life Unit
Aug 8 2014 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income increased to €1.76...
Catlin Group 1st Half Pre-Tax Profits up 118% at $318; Net Uncome$273 Million
Aug 8 2014 // The Bermuda-based Catlin Group Limited posted strong increases in pretax profits and net income. The Group’s report for the first half of 2014 featured the following highlights in what it described as...
Florida State to Pay Premiums for ‘Loss of Value’ Coverage for QB Winston
Aug 7 2014 // Florida State University is reportedly planning to pay the premium for an insurance policy that could pay star quarterback Jameis Winston up to $10 million in the event an injury affects his future professional...
Typhoons a Major Cause of Losses in July: Aon Benfield – Impact Forecasting
Aug 7 2014 // The latest edition of Aon Benfield’s Impact Forecasting’s Global Catastrophe Recap report concludes that Super Typhoon Rammasun, which made separate landfalls in the Philippines and China, caused widespread...
RSA Returns to Profit in First Half, Plans to Restart Dividend
Aug 7 2014 // The UK’s RSA Insurance Group Plc swung to a profit in the first half and plans to resume shareholder payouts in the full year as CEO Stephen Hester continues to turn around the insurer. Pretax profit was £69 million...
Munich Re Second-Quarter Profit Rises 45% on Investment Gains
Aug 7 2014 // Munich Re, the world’s biggest reinsurer, said second-quarter profit rose 45 percent helped by higher investment income. Net income advanced to €765 million ($1.02 billion) from €528 million [$706 million] a year...
Zurich Insurance Profit Rises 6% on Fewer Catastrophe Claims
Aug 7 2014 // Zurich Insurance Group AG, Switzerland’s largest insurer, said second-quarter profit rose 6 percent as it took fewer losses from natural catastrophes. Net income rose to $837 million from $789 million a year earlier,...
Hannover Re Second-Quarter Profit Rises 10% on Life Reinsurance
Aug 6 2014 // Hannover Re, the world’s third- biggest reinsurer, said second-quarter profit rose 10 percent, helped by a lower level of large claims and higher life reinsurance earnings. Net income climbed to €211.5 million...
Swiss Re Q2 Profit $802 Million; but Misses Estimates on Drop at Life Unit
Aug 6 2014 // Swiss Re Ltd., the world’s second- biggest reinsurer, reported second-quarter profit that missed analysts estimates, as earnings from life and health insurance declined. Net income increased to $802 million from $786...
State Auto: Net Income Down, Written Premium Up for Q2 1014
Aug 5 2014 // State Auto Financial Corp. reported net income for the second quarter 2014 that was nearly 50 percent less than its net income for the same period in 2012, while net written premium increased in Q2 2014 compared with Q2...
Liberty Mutual Q2 Profit Dips 12.3%
Aug 5 2014 // Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $393 million for the quarter ended June 30, 2014, down $55 million or 12.3 percent from the same period in 2013. Net written premiums grew just...
Argo Group Reports Q2 Net Income of $38.6 Million; $78.8 Million Half Year
Aug 5 2014 // The Bermuda-based Argo Group International Holdings, Ltd. reported net income for the second quarter of 2014 of $38.6 million or $1.45 per diluted share, compared to $31.7 million or $1.13 per diluted share for the second...
Endurance Reports $75 Million Q2 Net Income; $171.3 Million 1st Six Months
Aug 5 2014 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $75.0 million and $1.68 per diluted common share for the second quarter of 2014 versus net income of $52.8 million and...
Baloise Jumps as First-Half Profit Boosted by Life Insurance
Aug 5 2014 // Baloise Holding AG, Switzerland’s third-biggest insurer, rose the most in nearly three years after saying profit increased more than 40 percent in the first half. Profit will reach more than CHF 340 million ($375...
AIG Reports 12.5% Rise in Profit in Benmosche’s Last Quarter As CEO
Aug 4 2014 // Insurer American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing...
Berkshire Profit Soars; Geico, Gen Re Profits Up
Aug 4 2014 // Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for Berkshire-Hathaway’s...
Small Commercial Lines: The Good, The Bad, The Ugly
Aug 4 2014 // Small commercial lines is suddenly the Cinderella of the insurance industry. The previously unwanted stepchild turned beauty queen is being courted, pursued, and being offered dowries for marriage. Dowries and marriage are...
