Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Third Quarter Earnings Reports: Alterra Capital, AXIS Capital, XL Group
Nov 3 2011 // Alterra Capital: Q3 2011 Q3 2010 Gross premiums written $386.33 mn $325.21 mn 9 months — 2011 2010 $1.578 bn $1.095 bn Net premiums earned —- $347.04 mn $342.43 mn 9 months – 2011 2010 $1.0758 bn $829.93...
Swiss Re Reports $1.3 Billion Q3 Net Income; Minimal Sovereign Debt Exposure
Nov 3 2011 // Swiss Re reported more good news, following the ratings upgrade from Standard & Poor’s. The world’s second largest reinsurer posted $1.3 billion net income in the third quarter of 2011, compared to $600...
Colorado Workers’ Compensation Rates to Rise in 2012
Nov 2 2011 // Colorado employers will see an increase in workers’ compensation insurance premiums in 2012. The Colorado Division of Insurance announced that the “loss costs” component of workers’ compensation...
Marsh & McLennan Q3 Net Profit Fell, But Revenues Continue to Rise
Nov 2 2011 // Marsh & McLennan Companies reported $130 million for third-quarter net profit, down 23 percent from $168 million reported during the same period last year. But profit from continuing operations was up 4 percent as the...
Study: Rating Errors Cause $15B Decrease in Revenue for Auto Insurers
Nov 2 2011 // Auto insurance companies are missing out on more than $15 billion of revenue because of policyholder misinformation, according to a new study of premium rating errors. Quality Planning, a member of the Verisk Insurance...
Third Quarter Earnings Report: Renaissance Re
Nov 2 2011 // Renaissance Re: Q3 2011 Q3 2010 Gross premiums written —- $139.94 mn $111.54mn 9 months — 2011 2010 $1.392 bn $1.134 bn Net premiums earned —- $229.24 mn $212.35 mn 9 months – 2011 2010 $751.94 mn...
Third Quarter Earnings Reports: White Mountains, PartnerRe
Nov 1 2011 // White Mountains Insurance: Q3 2011 Q3 2010 Net earned premiums —- $490.6 mn $498.1 mn 9 months – 2011 2010 $1.4367 bn $1.7729 bn Comprehensive net income (loss) ($97.6 mn) $177.6 mn 9 months (loss) 2011 2010 ($57.6...
Allstate Suffers $1 Bilion in Disaster Losses in Q3
Nov 1 2011 // Allstate Corp. posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer in the United States lost more than $1 billion due to natural disasters. Allstate also said it...
Q3 Earnings Report: Selective Posts Net Loss
Oct 31 2011 // Selective Insurance Group, based in Branchville, New Jersey, reported net loss of $20.1 million for the third quarter. The insurer had posted net profit of $17.2 million during the same period one year ago. The insurer...
Mercury Reports Dip in Operating Income in 3Q, Increases Quarterly Dividend
Oct 31 2011 // Mercury General Corp. (NYSE: MCY) on Monday reported a dip in operating income for the third quarter, and announced a dividend increase. Operating income was $39.7 million, or 72 cents per diluted share, for the third...
Aon Report on Thai Floods Highlights ‘Extreme Human Suffering,’ Economic Loss’
Oct 31 2011 // Aon Benfield has published a highly detailed report on the ongoing floods in Thailand, from their meteorological beginnings – extremely heavy monsoon rains – to the widespread damage they have inflicted on one of East...
AIR Gives Preliminary Analysis of Peru Quake Losses
Oct 31 2011 // In a bulletin released shortly after the earthquake in Peru, Catastrophe modeling firm AIR Worldwide said that “given the relatively sparse population in the epicentral area and the fact that insurance penetration is...
S&P Upgrades Swiss Re and Core Subsidiaries to ‘AA-‘; Outlook Stable
Oct 31 2011 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Zurich-based reinsurer Swiss Reinsurance Co. Ltd., and its core subsidiaries (collectively...
Q3 Earnings Report: Transatlantic, W.R. Berkley Post Lower Profits
Oct 28 2011 // New York-headquartered international reinsurer Transatlantic Holdings reported third-quarter net income of $68 million, down significantly from $134 million one year ago. The earnings were hurt by $71 million of pre-tax...
Aon Profit, Brokerage Revenues Up in Q3; Hewitt Costs Take a Bite
Oct 28 2011 // Aon Corp. reported a profit jump for the third quarter ended Sept. 30, 2011. Net income increased 38 percent to $198 million, compared to $144 million for the prior year quarter. Total corporate revenue increased 51...
PartnerRe Details Cat Loss Estimates; $169 Million in Q3
Oct 28 2011 // Bermuda-based PartnerRe Ltd. has issued a statement indicating that it has “experienced no individual loss events occurring during the third quarter of 2011 which were in excess of $35 million.” The bulletin...
Auto Claims Considered Total Loss Deliver Less Customer Satisfaction: J.D. Power
Oct 27 2011 // Auto insurance claimants who incur a total vehicle loss are notably less satisfied with the claims experience than claimants who incur a repairable vehicle claim, a new study reports. Satisfaction averages 811 on a...
Third Quarter Earnings Reports: ACE Limited; Arch Capital
Oct 27 2011 // ACE Limited: Q3 2011 Q3 2010 Gross premiums written– $5.9 bn $5.0 bn 9 months – 2011 —- 2010 $15.967 bn – $14.946 bn Net premiums written – $4.343 bn $3.295 bn 9 months – 2011 2010 $11.742...
