Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Zurich Insurance Profit Drops After Natural Disaster Losses
Aug 15 2013 // Zurich Insurance Group AG, the biggest Swiss insurer, said the target for its general insurance business was “challenging” after natural catastrophe losses cut second-quarter profit by 27 percent. Net income...
Talanx Raises 2013 Profit Forecast After Swiss Life Stake Sale
Aug 14 2013 // Talanx AG, the German insurer that sold stock in an initial public offering last year, raised its profit goal for 2013 after the sale of shares in Swiss Life Holding AG boosted earnings. Talanx is “cautiously...
Northwest Harvest Food Banks Win in Potato Loss
Aug 13 2013 // Washington food banks are benefiting from a business accident involving 46,000 pounds of dehydrated mashed potatoes. After the container filled with the dehydrated potatoes fell off a truck last week on their way to...
Tower Group, Meadowbrook Delays on Filings Could Trigger Shareholder Actions
Aug 13 2013 // After two property/casualty insurers—Tower Group International Ltd. and Meadowbrook Insurance Group—said they would delay scheduled Securities and Exchange (SEC) filings last week, law firms set the wheels in motion...
Property Losses Rose for U.S. Captives in 2012: A.M. Best
Aug 12 2013 // Captive insurance companies tightened margins and used capital more efficiently in 2012, according to research by ratings firm A.M. Best Co. Among A.M. Best’s captive composite, the loss and loss adjustment expense...
Cat Bonds, Sidecars Keeping Reinsurance Rates Low Says Guy Carpenter
Aug 12 2013 // Reinsurance market rates continued to be driven by an influx of capital from third-party investors at the July 1 renewals, in spite of catastrophe losses reaching approximately $20 billion during the first six months of...
AssuredPartners Posts 36.7% Revenue Increase in 2012
Aug 9 2013 // Lake Mary, Fla.-based AssuredPartners Inc. posted a revenue increase of 36.7 percent in 2012, compared to 2011 revenue. AssuredPartners, founded in March 2011, grew revenue from $172,316,140 in 2011 to $235,604,040 in...
NCCI Filing Seeks Decrease in N.H. Workers’ Comp Loss Costs, Assigned Risk Rates
Aug 9 2013 // The National Council on Compensation Insurance (NCCI) recently delivered a workers compensation loss cost filing to the New Hampshire Insurance Department. Based upon its review of the most recently available data, NCCI...
Catlin Group Six Months Underwriting Results Steady; Net Income Falls
Aug 9 2013 // The Bermuda-based Catlin Group Limited listed the following highlights for the financial results for the six months ended 30 June 2013. — Strong Underwriting Reflected in 88.9 percent Combined Ratio — Strong...
Marsh Q2 Insurance Revenue Up 3%; Sees ‘Modest’ Price Increases
Aug 8 2013 // Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net profit reported during the same quarter one year ago. Net profit for the first six...
New Jersey Program Aims to Help Low-Income Homebuyers After Sandy
Aug 8 2013 // New Jersey is launching a program aimed at helping low- and moderate-income families buy homes in the counties hit hard by Superstorm Sandy. Under a program announced Monday, applicants can receive up to $50,000 in...
Liberty Mutual Q2 Net Income More Than Triples to $448M
Aug 8 2013 // Liberty Mutual Holding Co. Inc. posted $448 million net income for its 2013 second quarter, a 222 percent jump from $139 million net income posted during the same quarter last year. The company benefited from lower...
Swiss Re Posts $786 Million Q2 Net Income; But P&C Combined Ratio 100.7%
Aug 8 2013 // Swiss Re reported net income of $786 million for the second quarter of 2013, despite what the report described as a “period that saw high levels of natural catastrophes.” Net income in Q2, 2012 was $83...
Aon Benfield’s July Cat Report Confirms Canada’s 2nd Billion Dollar Loss
Aug 8 2013 // According to the latest Global Catastrophe Recap report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, the “strong thunderstorms” that “brought record...
ING Eyes More Cost Cuts as Profits Top Forecast; Insurance Divestment Planned
Aug 8 2013 // Dutch financial group ING beat second-quarter profit forecasts at its banking business and said it could announce more cost savings later this year as it continues to slim down in a drive to recover from the financial...
Argo Group Reports $31.7 Million Q2 Net Income; $64.4 Million 6 Months
Aug 7 2013 // The Bermuda-based Argo Group International Holdings, Ltd. announced financial results for the three and six months ended June 30, 2013. The earnings highlights for the second quarter of 3013 were listed as follows: •...
Hannover Re Q2 Net Rises 29% on Investment Income
Aug 7 2013 // Hannover Re, the world’s fourth biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts’ estimates, helped by higher investment income. Net income advanced to €186.3 million ($247.9...
Floods Impact Munich Re’s Q2 Net Profit; Still on Track for FY $4 Billion
Aug 6 2013 // Despite a rough second quarter – consolidated profit of €543 million [$720 million], compared to €812 million [$1.077 billion] in Q2, 2012, Munich Re said it is “well on track to achieve its 2013 profit...
Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey
Aug 6 2013 // Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and brokerage firms, according to a survey by Reagan Consulting, a management consulting...
Selective Insurance Q2 Profit Advances to $27M
Aug 5 2013 // Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a...
