Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Observations on TRIA
Aug 4 2014 // U.S. insurance markets, like the rest of the nation, were caught off guard by the Sept.11, 2001 terrorist attacks. Loss of life and property led to an estimated $32.5 billion dollars in insured losses – $43 billion in...
Hurricane Arthur’s Insured Losses Below $250M: RMS
Aug 4 2014 // Insured losses from Hurricane Arthur will not exceed $250 million from wind and coastal flooding, catastrophe risk modeling firm RMS said. According to RMS, the expected loss covers damages to: Residential, commercial,...
Hanover Insurance’s Q2 Profit Jumps 55% to $82.6M
Aug 1 2014 // The Hanover Insurance Group Inc. in Worcester, Massachusetts, said Thursday its 2014 second quarter net profit rose to $82.6 million, a 54.7 percent increase from $53.4 million profit during last year’s second...
Arch Capital Posts $202.5 Million Q2 Net Income; $160.7 Million Operating
Aug 1 2014 // Arch Capital Group Ltd. reported that net income available to Arch common shareholders for the 2014 second quarter was $202.5 million, or $1.48 per share, compared to $171.5 million, or $1.26 per share, for the 2013 second...
AXA First-Half Profit Rose 22%, Led by Life & Savings Unit
Aug 1 2014 // AXA SA, France’s largest insurer, said first-half profit rose 22 percent, buoyed by improved earnings from selling life insurance and savings products. Net income rose to €3 billion ($4 billion) from €2.47...
Selective Insurance’s Q2 Profit Rises 8% to $29M
Jul 31 2014 // Selective Insurance Group in Branchville, New Jersey, reported its 2014 second quarter net profit rose to $29.341 million, up 8.2 percent from $27.122 million profit during last year’s second quarter. Total net...
Hartford’s Q2 Core Earnings Decline 38% to $144M; Net Loss Widens
Jul 31 2014 // The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year’s second quarter. The results were hit by $617...
Allstate Q2 Profit Up 49%
Jul 31 2014 // Allstate Corp. reported its second quarter profit rose 49 percent due to higher premiums and despite higher catastrophe losses. Net income rose to $645 million, up from $434 million for the same quarter last...
Generali Expects to Reach Targets Earlier as Operating Net Rises
Jul 31 2014 // Assicurazioni Generali SpA expects to reach 2015 targets ahead of schedule and improve its dividend policy, as first-half operating profit of Italy’s biggest insurer rose to the highest in 10 years. “Our...
AIG Ex-CEO Greenberg Faces January Trial in Loss Reserving Lawsuit
Jul 30 2014 // Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot...
RenaissanceRe Reports $120.8 Million Q2 Net Income; $93.6 Million Operating
Jul 30 2014 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $120.8 million, or $2.95 per diluted common share, in the second quarter of 2014, compared to $26.8 million, or $0.60 per...
AXIS Capital Reports $191 Million Q2 Net Income; $173 Million Operating
Jul 30 2014 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2014 of $191 million, or $1.79 per diluted common share, compared with $72 million, or $0.62 per...
Willis Reports ‘Non-Operating’ Items Reduce Q2 Net Income to $47 Million
Jul 30 2014 // Willis Group Holdings reported net income of $47 million, or $0.26 per diluted share, in the second quarter of 2014 compared to $105 million, or $0.59 per diluted share in Q2 2013. The bulletin explained that...
Marsh Revenue Grew 7% in Q2
Jul 29 2014 // Marsh & McLennan Companies Inc., the global insurance and professional services provider, reported revenue growth of 7 percent in the second quarter. “This was our strongest quarterly revenue performance in two...
Montpelier Reports $37 Million Q2 Net Income; $36 Million Operating
Jul 29 2014 // Bermuda-based Montpelier Re Holdings Ltd. reported operating income for the second quarter of $36 million, or $0.76 per common share. Net income was $37 million, or $0.78 per common share, which “included $12 million...
XL Group Posts $279.3 Million Q2 Net Loss; $279.6 Operating Income
Jul 29 2014 // The XL Group announced that its operating net income for the second quarter of 2014 was $279.6 million, or $1.02 per share, which produced “a net loss attributable to ordinary shareholders of $279.3 million including...
QBE Falls Most in 7 Months Amid 18% Profit Decline Forecast
Jul 29 2014 // Australia’s QBE Insurance Group Ltd. slumped the most in seven months after forecasting an 18 percent decline in first-half earnings due to higher claims in Latin America and competition with other insurers. Net...
Aon Plunges Most Since 2012 on Reinsurance Revenue Decline
Jul 28 2014 // Aon Plc, the world’s second-largest insurance broker by market value, fell the most since 2012 after revenue missed estimates as reinsurance sales declined. Aon slipped $4.65, or 5.1 percent, to $86.32 at 4:03 p.m....
Insurers File for 9.1% West Virginia Workers’ Compensation Loss Cost Decrease
Jul 25 2014 // The National Council on Compensation Insurance (NCCI) has filed a proposed reduction in workers’ compensation loss cost rates in West Virginia – the tenth reduction in 10 years. NCCI, West Virginia’s rating...
Chubb Q2 Profit Declines 14%
Jul 25 2014 // Chubb Corp. reported that net income in the second quarter of 2014 fell to $499 million from $579 million in the second quarter of 2013 due to losses from severe weather and residential and commercial property...
