Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Zurich Insurance Group Posts $2.2 Billion 1st Half Net Income
Aug 16 2012 // Zurich Insurance Group posted a $2.2 billion net after tax income available to shareholders. Other selected highlights from the earnings report are as follows: Q2 2012 Q2 2011 Business operating profit...
IBC Estimates Alberta Wind, Thunderstorm Insured Losses over $100 Million*
Aug 15 2012 // The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the Edmonton area in July amounts to more than $100 million. The IBC noted that the...
Allianz Central and Eastern Europe Operations 1st Half Results
Aug 14 2012 // Allianz said its Central and Eastern Europe (CEE) operations “produced solid underlying results for the first six months of 2012 in challenging economic circumstances.” The regional companies reported total...
June, July Ohio Storm Losses Rise to More than $400M
Aug 13 2012 // Insured losses from a round of summer storms in late June and early July have risen to more than $400 million, a state-based insurance information group reported. Property casualty insurers are reporting losses of at least...
Hannover Re Reports 85% 1st Half Gain in Net Income to $497 Million
Aug 10 2012 // Hannover Re’s interim report for the first six months of 2012 shows gains in all of the reinsurer’s primary sectors. Highlights for the period were listed as follows: — Gross premium: + 14.0 percent to...
Markel Posts $89.7M Q2 Profit, Buoyed by Improved Underwriting Results
Aug 9 2012 // Glen Allen, Va.-headquartered Markel Corp. on Thursday posted $89.69 million net income to shareholders for its 2012 second quarter, a 197 percent increase from $30.31 million income reported a year earlier. Markel...
Swiss Re Reports $83 Million Q2 Net Income; $717 Million in P&C
Aug 9 2012 // Swiss Re reported a net profit of $83 million for the second quarter of 2012, indicating that the figure was “impacted by the sale at a loss of $1.0 billion of the Admin Re® US business.” Property &...
Marsh & McLennan Q2 Profit Up 17%; Revenues Growing in All Divisions
Aug 8 2012 // Marsh & McLennan Companies reported on Tuesday $329 million net profit for its 2012 second quarter, a 17 percent increase from $282 million reported a year earlier. “Our outstanding second quarter results...
Earnings Reports: XL Group, Alterra Capital
Aug 8 2012 // Selected earnings highlights from the XL Group’s headquarters in Dublin, Ireland for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 *Gross premiums written ————...
Aon Benfield Monthly Cat Report Highlights China Floods; Agriculture Losses
Aug 8 2012 // The latest report on the world’s catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, highlights flooding in China that generated more than $8.3 billion in economic...
Calif.’s 9th Circuit Hands Former NFL Player Worker’s Comp Loss
Aug 7 2012 // Retired National Football League offensive lineman Bruce Matthews’ attempt to collect workers’ compensation benefits in California was slapped down by the 9th Circuit Court of Appeal, which ruled he failed to...
Earnings Reports: Argo Group, Flagstone Re
Aug 7 2012 // Selected earnings highlights from the Bermuda-based Argo Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $474.20 mn $406.70...
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...
