Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
More Earnings Reports: Validus Holdings, Montpelier Re
Jul 27 2012 // Selected earnings highlights from Bermuda-based Validus Holdings Ltd. for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $627.089 mn...
Earnings Reports: Arch Capital, SCOR Group
Jul 27 2012 // Selected earnings highlights from Bermuda-based Arch Capital Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.051813 bn...
Selective Posts Lower Profit, Hampered by CAT Loss, Weaker Investments
Jul 26 2012 // Branchville, N.J.-based Selective Insurance Group Inc. posted $0.3 million for its second-quarter profit, down from $1.5 million profit reported during the same period one year ago. The insurer said Wednesday that its...
Liberty Mutual: Much More Rate Hikes Needed to Correct Underpricing
Jul 26 2012 // The upward pricing trends are continuing in the U.S commercial lines, but much more rate increases are still needed to correct the chronic underpricing in the industry, Liberty Mutual CEO David Long remarked. “In...
Midwest Light Rain Not Enough to Stave Off Crop Losses
Jul 26 2012 // Light showers overnight in the southwestern U.S. Midwest were too little too late to prevent further losses to corn and soybean yields, and next week will bring the return of high heat and drought, an agricultural...
Earnings Reports: Aspen Insurance Holdings, Everest Re Group
Jul 26 2012 // Selected earnings highlights from Bermuda-based Aspen Insurance Holdings for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $666.6 mn...
W.R. Berkley Q2 Profit Rose 32%; Average Renewal Rate Hike Was 6%
Jul 25 2012 // W.R. Berkley Corp. reported $108.8 million for its second-quarter net profit, a 32.4 percent increase compared to the same period one year ago. The Greenwich, Conn.-headquartered insurer also said its profit for the first...
Earnings Report: ACE Limited
Jul 25 2012 // Selected earnings highlights from Swiss based ACE Limited for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $5.653 bn $5.423 bn Net...
