Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Hartford Catastrophe Costs Fall, 4Q Profit Rises to $314M
Feb 4 2014 // Hartford Financial Services Group Inc., now focusing on property/casualty coverage, posted a profit in the fourth quarter as catastrophe costs fell. Net income was $314 million, or 65 cents a share, compared with a loss of...
Munich Re Raises Dividend as Profit Beats Estimates
Feb 4 2014 //
Best Affirms Allstate Group and Subs ‘A+’ Ratings; Outlook Stable
Feb 3 2014 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the members of Allstate Insurance Group (Allstate). Best also affirmed...
PERILS Estimates Windstorm Dirk Insured Losses at $371 Million
Feb 3 2014 // PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, announced that its initial insured property loss estimate for windstorm Dirk, which affected the UK and France from...
Selective Insurance Group Q4 Profit Jumps to $25M
Jan 31 2014 // Selective Insurance Group, based in Branchville, N.J., posted $25.3 million in net income for its 2013 fourth quarter, up from $1.3 million net income posted during the 2012 fourth quarter which included impacts of...
Commentary: Swatch Fire Losses and Contingent Business Interruption Coverage
Jan 31 2014 // An oft-overlooked insurance coverage found in many commercial property policies called “contingent business interruption” coverage may provide insurance proceeds to companies throughout the watch industry to...
Chubb Reports 4Q Profit Surge a Year After Sandy
Jan 31 2014 // Chubb Corp., the insurer of corporate boards and high-end homes, said profit surged as margins improved a year after Superstorm Sandy. Fourth-quarter net income rose to $569 million, or $2.24 a share, from $102 million, or...
W.R. Berkley Q4 Profit Declines 21% to $130M; Underwriting Improves
Jan 29 2014 // W. R. Berkley Corp. reported $130.38 million in net income for the 2013 fourth quarter, a 21 percent decline compared to $165.49 million reported during the prior-year fourth quarter. The net income for the full year 2013...
ACE Reports Q4 Net Operating Income of $824 Million; FY $2.317 Billion
Jan 29 2014 // ACE Limited reported net income for the quarter ended December 31, 2013, of $998 million, or $2.90 per share, compared with $2.22 per share for the same quarter last year. Operating income was $824 million or $2.39 per...
Analysts Weigh In on Travelers Earnings, Commercial Lines Pricing Trends
Jan 27 2014 // The Travelers Cos.’ earnings, one of the first major insurance earnings to be reported each quarter, are often closely observed by industry participants as a bellwether for marketplace trends. And the company’s...
Small Increase in Nevada Workers’ Comp Loss Costs In 2014
Jan 27 2014 // Many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance this year. The average premium increase in the voluntary market will be about 3.2 percent. Nevada employers...
Global Natural Disasters Cost Insurers $45B in 2013
Jan 27 2014 // In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent below the 10-year average of $200 billion, but above the average 259 events, according to a...
P/C Insurance Joint Industry Forum: Insurers Say 2014 Will Not Be As Good as 2013
Jan 27 2014 // The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to...
Insurance Industry Trends for Agencies to Exploit in 2014
Jan 27 2014 // In order to be a step ahead of the competition it is best to be proactive. One can do this by understanding and exploiting current and future trends. It is easy to predict trends by understanding recurring cycles and...
Agency Models: What Defines Today’s True Independent Agency
Jan 27 2014 // The conventional definition of an independent agent is an entrepreneur who owns his or her book of business and offers multiple carriers to service their clients. That is the simplified version, and it falls short of...
TWIA Panel Studying Methods to Assess Wind/Water Property Loss
Jan 27 2014 // A panel studying methods to assess property loss incurred as a result of wind versus water forces along the Texas coast expects to have the first of four study components ready for consideration in February. The mission of...
How to Encourage Private Flood Insurance; Why Delaying Biggert-Waters Is Not the Answer
Jan 24 2014 // New technologies and a better understanding of flood risk may have increased private insurers’ interest in providing flood insurance but real obstacles remain to the private sector getting involved. The obstacles...
Petersen International Launches Loss of License Insurance for Pilots
Jan 23 2014 // Petersen International Underwriters, a specialty insurance marketing and underwriting firm that writes aviation insurance business, has unveiled its new “loss of license” insurance for professional pilots. The...
Progressive Reports 20% Profit Gain in Q4
Jan 22 2014 // Progressive Corp., the fourth- largest U.S. auto insurer, said profit climbed 20 percent in the fourth quarter as margins improved a year after Superstorm Sandy. Fourth-quarter net income rose to $299.8 million, or 50...
Travelers More Than Triples Profit in Q4 on Lower Disaster Losses, Higher Prices
Jan 21 2014 // Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm Sandy. Net income rose to...
