Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Fitch Concludes Indonesian Flood Losses Manageable for Non-Life Insurers
Feb 20 2013 // Fitch Ratings said it does not expect insured losses from the recent flooding in Jakarta, Indonesia in January to trigger widespread solvency problems or excessive financial strain on the balance sheet of non-life insurers...
RSA Posts $1.047 Billion 2012 Operating Profit; 5% Premium Growth
Feb 20 2013 // The UK’s RSA posted a solid operating profit of £684 million [$1.047 billion], compared to £727 million [$1.113 billion in 2011; while registering a five percent increase in net written premiums to £8.353 billion...
Allied World Posts $41.1 Million Q4 Loss; FY 2012 Net Income $493 Million
Feb 15 2013 // Allied World Assurance Company Holdings, AG, which is domiciled in Switzerland, reported a net loss of $41.1 million, or $1.17 per diluted share, for the fourth quarter of 2012 compared to net income of $183.1 million, or...
Insurer Reports Sandy Flood Claims Resolving Quickly
Feb 14 2013 // A bulletin by the National Flood Insurance Program helped spur quicker processing of Sandy flood-related claims. Prior to the bulletin, claims were adjusted according to the policy and guidelines established by the Federal...
Ironshore Acquires Specialty Stop Loss Insurance Broker
Feb 14 2013 // Ironshore Inc. has acquired Excess Risk Reinsurance (ERR) Inc., a managing general underwriter specializing in the Employer Stop Loss insurance sector. ERR will operate as a wholly-owned subsidiary of Ironshore Insurance...
Zurich Posts $ 3.9 Billion Net Income; Farmers GWP up 24% to $4.4 Billion
Feb 14 2013 // The Zurich Insurance Group reported a business operating profit (BOP) of $4.1 billion and net income attributable to shareholders (NIAS) of $3.9 billion for the year ended December 31, 2012. Zurich’s report gave the...
Main Street America Reports 2012 Results
Feb 13 2013 // The Main Street America Group announced today its 2012 financial results included an 11.9 percent return on equity, $978 million net written premium, surplus growth of $71 million and net income of $56.7 million for the...
Aspen Posts $2 Mn Q4 Net Income; FY $280.4 Mn; No Plans to Exit U.S. Property
Feb 13 2013 // Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $2.0 million for the fourth quarter of 2012, compared to $12.4 million in Q4 2011. After tax net income for the full year was $280.4 million,...
Willis Reports $804 Million Q4 Operational Loss from Financial Charges
Feb 13 2013 // Willis Group Holdings has reported its results for the fourth quarter of 2012 and the twelve months ended December 31, 2012. The bulletin also noted that Joe Plumeri’s 12 year tenure as CEO officially ended with the...
Marsh & McLennan Q4 Profit Up 1%; Full-Year Profit Rose 18% to $1.18B
Feb 12 2013 // Marsh & McLennan Cos. Inc. reported this morning $259 million for the 2012 fourth quarter net income attributable to the company, a 1.2 percent increase from $256 million income reported during the fourth quarter of...
High Prices, Crop Insurance to Offset Drought Losses for Farmers in 2013: USDA
Feb 12 2013 // The seven-year-old U.S. agricultural boom, driven by record-high commodity prices and painfully tight supplies, is expected to peak this year and then come to an abrupt end as high costs start to bite, the government...
Renaissance Re Posts $41.7 Million Q4 Net Income; $566 Million FY 2012
Feb 12 2013 // Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $41.7 million or $0.87 per diluted common share in the fourth quarter of 2012, compared to $81.8 million or $1.58 per diluted...
Montpelier Re Reports $27 Million Q4 Net Loss; FY 2012 Net Income of $214 Million
Feb 11 2013 // Bermuda-based Montpelier Re Holdings Ltd. reported an operating loss for the fourth quarter of 2012 of $0.31 per common share ($17 million) and a net loss of $0.48 per common share ($27 million), each expressed after...
PartnerRe Reports $111.5 Million Q4 Net Income; FY 2012 $1.1345 Billion
Feb 11 2013 // Bermuda-based PartnerRe Ltd. reported net income of $111.5 million, or $1.56 per share for the fourth quarter of 2012. The figure includes net after-tax realized and unrealized losses on investments of $7.4 million, or...
IAG Updates Loss Estimates from Australia’s Floods and Fires
Feb 11 2013 // Insurance Australia Group’s Australia Direct and CGU businesses announced that they have “so far received over 13,700 claims arising from ex-Tropical Cyclone Oswald, with the cost to the Group expected to be in...
Half of 2012’s Global Economic Losses Due to U.S. Natural Disasters: Aon
Feb 11 2013 // While global economic losses were close to average in 2012, insured losses were 36 percent higher than the 10-year average ($72 billion versus $53 billion) because the two most costly events of the year occurred in the...
The Hanover Posts $55M Q4 Loss, but Full-Year 2012 Profit Up 52% to $56M
Feb 8 2013 // The Hanover Insurance Group in Worcester, Mass., reported a net loss of $55.0 million for the 2012 fourth quarter, in contrast to $49.6 million profit posted for the fourth quarter of 2011. The Hanover’s latest...
Beazley Posts Strong Growth; Pretax 2012 Profits $251.2 Million
Feb 8 2013 // Beazley plc announced strong growth for the year 2012. Highlights of its recently released earnings report include the following: •Profit before income tax of $251.2 million (compared to $62.7 million in 2011) •Return...
Catlin Group’s $339 Million 2012 Profit Less than Forecast as Sandy Loss Widens
Feb 8 2013 // Bermuda-based insurer Catlin said its profit fell short of analysts’ forecasts because of a bigger than expected claims bill from Superstorm Sandy and the Costa Concordia shipwreck. Catlin, operator of the biggest...
