Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Berkshire Hathaway Doubles Profit on Lower Catastrophe Losses
May 7 2012 // Berkshire Hathaway said it generated $3.245 billion in net income overall, up from last year’s net income of $1.511 billion last year in the quarter. Last year’s results were hurt by $1.1 billion in insurance...
Earnings Report: Lancashire Group
May 7 2012 // Selected earnings highlights from, Lancashire Group, which include both its insurance and reinsurance operations, for the first quarter of 2012 are as follows: 1 2012 Q1 2011 Gross premiums written...
Travelers Reports $806M Q1 Income; Renewal Rates Are Up
May 7 2012 // The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent when compared to one year ago, but the result during the year-ago period was boosted...
W.R. Berkley Has $135M Q1 Income, Up 17% From Last Year
May 7 2012 // W.R. Berkley Corporation reported $135.32 million for its 2012 first-quarter net income, a 17 percent increase compared to $115.59 million income reported one year ago. CEO William R. Berkley noted that price increases are...
AIG Revises Up 2010-2011 Income by $5.1B
May 7 2012 // American International Group Inc. said last month it revised up net income from 2010 and 2011 by a combined $5.096 billion after adopting an updated industry accounting standard from the Financial Accounting Standards...
One Week Brought Most of Alabama’s $3.2 Billion Losses
May 7 2012 // Almost $3 billion of the $3.2 billion Alabama insurers paid out to their auto, home and business policyholders in 2011 for catastrophe losses can be traced directly to the tornadoes, hail and thunderstorms that swept...
Is General Ledger Accounting Adequate for P/C Insurance Premium Transactions?
May 7 2012 // In current practice, insurance premium accounting is based on general ledger (GL) accounting. It is used by all agency management software applications including AMS and Applied Systems just to name a few. Developed more...
Chubb Posts $506M Q1 Income, Bigger Underwriting Profit
May 7 2012 // The Chubb Corporation reported $506 million in net income for the 2012 first quarter, down slightly — 0.59% — from $509 million income reported one year ago. The insurer’s underwriting profit improved...
Donegal Sees $8M Q1 Profit, Its Largest Earning in 3 Years
May 7 2012 // Donegal Group reported $8.0 million net income for 2012 first quarter — almost four times the $2.2 million net income reported one year ago. Donegal, a P/C insurance holding company headquartered in Marietta, Penn., said...
AIG Q1 Profit More Than Doubles to $3.21 Billion
May 4 2012 // American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year ago. The insurer’s profit...
April Weather Caused $1 Billion in Insured Losses in U.S.: Aon
May 4 2012 // A series of severe weather events across central and southern sections of the United States in April caused upwards of $1 billion in insured losses, according to Aon Benfield’s latest edition of its Global...
Aon Revenues Rise But Profit Dips in Q1
May 4 2012 // Risk and insurance brokerage service provider Aon Corp. reported 3 percent revenue growth along with a 3 percent decline in profit for the first quarter. First quarter net income declined to $238 million from $246 million...
Earnings Report: Flagstone Re
May 4 2012 // Selected earnings highlights from Luxembourg-based Flagstone Re for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $170.2 mn $352.7 mn Net premiums written...
Aon Benfield’s April Global Cat Reports near $1 Billion in Tornado Losses
May 4 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide...
Swiss Re Q1 Net Profit Rebounds from Q1 2011 to $1.1 Billion
May 4 2012 // Swiss Re reported a very strong first-quarter with overall net income of $1.141 billion in comparison to a loss of $665 million in Q1 2011. “This result was driven by strong underwriting, good investment performance...
Allstate Profit Jumps 46% in Q1
May 3 2012 // Allstate Insurance reported a first quarter profit of $766 million, up by about 46 percent from a year-earlier profit of $524 million. The increase was due to improvement in operating income and, to a lesser extent,...
Hartford Q1 Profit Drops 81% on Realized Loss, But Core Earnings Up
May 3 2012 // The Hartford Financial Services Group Inc. said its 2012 first quarter net income declined 80.8 percent to $96 million, hurt by a $587 million net realized loss from runoff operations. The Hartford’s net income...
Earnings Reports: Allied World, Endurance Specialty, RenaissanceRe
May 3 2012 // Selected earnings highlights from Allied World Assurance for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $680.292 mn $560.688 mn Net premiums written...
Arthur J. Gallagher Profit Up 85% in Q1
May 2 2012 // Global insurance broker and risk management firm Arthur J. Gallagher & Co. boosted its profit 85 percent in the first quarter, from $15.2 million in 2011 to $28.1 million this year, due to strong growth in commission...
N.J. Examines Stop-Loss Insurance for Self-Insured Small Businesses
May 2 2012 // A growing number of small businesses in New Jersey are self-funding or self-insuring their employees’ healthcare costs, and they are opting out of paying fixed premiums for traditional health insurance plans like...
