Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Munich Re Reports Q2 Profit over $1 Billion; 1st Half near $2 Billion
Aug 7 2012 // Munich Re’s second quarter earnings report notes that it achieved a consolidated profit of €812 million [$1.007 billion], compared to the €738 million [$915.12 million] it reported in Q2 2011. The report...
Berkshire Hathaway Profit Falls on Derivative Losses
Aug 7 2012 // Warren Buffett’s ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as losses on derivatives dragged down results, though operating income set the new...
Earnings Report: AXIS Capital
Aug 7 2012 // Selected earnings highlights from the Bermuda-based AXIS Capital Holdings for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.014375 bn...
Captives Feeling the Squeeze As Global Pressures Intrude: A.M. Best
Aug 6 2012 // Captive insurance firms in the United States are feeling the squeeze of an ongoing soft insurance market, low investment yields and a bleak global financial picture, a new report revealed. A composite of 209 U.S. captive...
Earnings Report: RenaissanceRe
Aug 6 2012 // Selected earnings highlights from Bermuda-based RenaissanceRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $667.336 mn $641.563...
Earnings Reports: Catlin Group, RSA
Aug 6 2012 // Selected earnings highlights in US dollars from the Bermuda-based Catlin Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $3.010 bn...
Report: Insured Losses in Colorado Wildfires Nearly $450 Million
Aug 6 2012 // The two most destructive wildfires in Colorado’s history will cost insurers roughly $450 million, according to a regional insurance association. The massive figure for insured losses comes from the total 600 homes...
Mercury Reports Net Loss From Increased Severity
Aug 6 2012 // Mercury General Corp. on July 30 reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los Angeles, Calif.-based insurer’s shares down nearly 6 percent on that...
The Hanover Posts $20.8 million Q2 Profit
Aug 3 2012 // The Hanover Insurance Group, a Worcester, Mass.-based property/casualty insurer, reported $20.8 million profit for the 2012 second quarter, improving from a loss of $32.2 million reported a year earlier. Smaller...
AIG Reports Q2 Profit Increases; Insurance Units All Gain
Aug 3 2012 // American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also...
Willis Posts $107 Million Q2 Net Income; $332 Million 1st Half
Aug 3 2012 // Willis Group Holdings plc reported its results for the quarter and six months ended June 30, 2012. Selected highlights for the second quarter were listed as follows: — Earnings per diluted share from continuing...
The Hartford Reports $101M Q2 Loss for Debt Payoff
Aug 2 2012 // The Hartford Financial Services Group Inc. reported a $101 million second-quarter net loss Wednesday, a consequence of paying off a huge debt to Allianz SE. Retiring the debt is part of the insurer’s continuing...
Allstate Blows Past Q2 Earnings Estimates on Lower Disaster Impact
Aug 1 2012 // Home and auto insurer Allstate Corp swung to a profit in the second quarter, smashing recently lowered Wall Street expectations, after its disaster losses were less than half of the record-breaking level they hit last...
Recession, Libor, Facebook Punish Europe’s Banks
Aug 1 2012 // Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space...
What to Know About the New Flood Insurance Program
Jul 31 2012 // If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite a regular leaking of funds since its inception in 1968. The much-needed,...
Earnings Reports: PartnerRe, Greenlight Re
Jul 31 2012 // Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.16324 bn $1.18205...
Mercury Reports Net Loss From Increased Severity
Jul 30 2012 // Mercury General Corp. on Monday reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los Angeles, Calif.-based insurer’s shares down nearly 6 percent. The...
Hiscox Post $197.5 Million 1st Half Profit; Childs to Become Chairman in 2013
Jul 30 2012 // Bermuda-domiciled Hiscox reported its interim results for the 1st half of 2012. The following are selected highlights from the report, as calculated in dollars; the original report gave the figures in pounds. 1st Half 2012...
Aon’s Q2 Earnings Report: Revenue Growth; Net Income Drop
Jul 30 2012 // Aon announced mixed results in its second quarter earnings report. While “organic revenue growth” rose 4 percent, contributing to a $2.8 billion total, Aon said “net income attributable to Aon...
Chubb Profit Slightly Down; U.S. Commercial Renewal Rate Hike 9% in Q2
Jul 27 2012 // The Chubb Corp. reported $404 million profit for its second quarter, declining 3.6 percent from $419 million reported a year earlier. The results were hampered by weaker investment results and significant catastrophe...
