Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Lloyd’s Estimates Thai Flood Losses at $2.2 Billion
Feb 14 2012 // Lloyd’s announced that it is estimating its overall net claims from the flooding in Thailand last year to be in the $2.2 billion range. The figure is based on an industry loss estimate of between $15 and $20...
Earnings Report: Montpelier Re
Feb 13 2012 // Q4 2011 Q4 2010 Gross premiums written —- $91.7 mn $102.3 mn Full year – 2011 2010 $725.5 mn $720.0 mn Net premiums earned ——- $148.3 mn $162.2 mnn Full year – 2011 2010 $622.7 mn $625.4 mn Net...
Obama Budget Seeks Higher Taxes on Big Business
Feb 13 2012 // President Barack Obama’s 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil...
North Carolina Insurers Still Hoping for Medical Loss Ratio Waiver
Feb 13 2012 // The U.S. Department of Health and Human Services is going overtime as it decides whether to stick with federal standards that could mean $12 million in rebates for more than 58,000 North Carolina residents who buy their...
Best Analyzes Impact of Flood Losses on Thai Insurance Industry
Feb 10 2012 // A.M. Best Co. has released a briefing that provides updated estimates of insurers’ losses from the Thailand floods. The overall industry wide insurers’ loss estimates from the floods have increased 50 percent...
Hanover Posts $49M Q4 Profit; Pricing Improved in Commercial Lines
Feb 10 2012 // The Hanover Insurance Group, based in Worcester, Mass., reported $49.3 million for its 2011 fourth-quarter net income, down 15.6 percent from one year ago when the insurer posted $58.4 million profit. For the 2011 full...
Earnings Reports: Everest Re, XL Group
Feb 10 2012 //
Have Insurers Lost the Capacity to Run an Underwriting Profit?
Feb 9 2012 // We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But...
The Hartford Reports $127M Q4 Profit, Down 79% From One Year Ago
Feb 7 2012 // Hartford Financial Services Group reported $127 million for its 2011 fourth-quarter net income, down 79 percent from one year ago when the company posted $619 million profit. Results were hurt by higher net capital losses...
Best Upgrades Fremont Ratings; Affirms Auto Club Group, P/C Members
Feb 7 2012 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Michigan-based...
Selective Posts $16M Q4 Profit; Jan. Commercial Renewal Rates Up 4.5%
Feb 7 2012 // Selective Insurance Group, based in Branchville, New Jersey, reported $16.1 million for its 2011 fourth-quarter net income, down 32 percent from one year ago when the insurer posted $23.8 million profit. For the 2011 full...
Fremont Insurance Co. Ratings Upgraded; Auto Club Group Affirmed
Feb 7 2012 // A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Fremont Insurance Co. (Fremont) of Fremont,...
Want Fries With That Insurance Policy? Restaurants on Fidelity National’s Menu
Feb 7 2012 // A title insurance and mortgage services company that already owns a stake in the Bakers Square restaurant chain is buying the restaurant operator O’Charley’s Inc., the companies announced. Fidelity National...
Aon Revenues Up 3% in Q4
Feb 6 2012 // Global insurance broker and risk management firm Aon Corp. reported that net income rose 19 percent in the fourth quarter 2011 to $277 million and overall revenues increased 3 percent to $3 billion. Fourth quarter...
Global Mining Insurance Market Capacity Down 30% After Losses: Willis
Feb 6 2012 // In 2011, the mining insurance market was not only hit by $2.7 billion in natural catastrophe losses, but over 60 operational losses totaling $835 million. The $3.5 billion total estimate of losses facing mining insurers...
Texas Medical Loss Ratio Waiver Request Rejected
Feb 6 2012 // A request by Texas to be excluded from a new law that limits how much health insurance companies can spend on overhead has been rejected. The medical loss ratio requirement is part of the Affordable Care Act, the federal...
Five Startup Businesses Agents Should Watch
Feb 6 2012 // It hasn’t been the best of times for America’s Main Street businesses. Often facing overwhelming competition from big box stores, many small businesses face an uphill battle from the outset and more than a few...
Have Insurers Lost the Capacity to Run an Underwriting Profit?
Feb 6 2012 // We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But...
Earnings Reports: Validus Holdings
Feb 3 2012 // Q4 2011 Q4 2010 Gross premiums written -$278.28 mn $258.7 mn Full year – 2011 2010 $2.1247 bn $1.99 bn Net premiums earned — $488.35 mn $432.8 mn Full year – 2011 2010 $1.802 bn $1.761 bn Net income...
