Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
AIR Estimates Turkey Insured Quake Losses at $56.5 to $170 Million
Oct 26 2011 // Catastrophe modeling firm AIR Worldwide estimates that insured losses from the magnitude 7.2 earthquake that struck eastern Turkey Sunday, October 23rd, near the city of Van, will be between 100 million TRY ($56.5 million)...
Argo Group Preliminary Estimates for Q3 Cat Losses $35 to $40 Million
Oct 26 2011 // The Bermuda-based Argo Group International Holdings, Ltd. announced that it expects to report in the third quarter its estimate for catastrophe losses and other severe weather activity, net of reinsurance and reinstatement...
Flagstone Re Estimates Q3 Losses Will Total Around $45 Million
Oct 26 2011 // Flagstone Re announced that its preliminary estimates for losses occurring in the third quarter of 2011 are expected to total around $45 million. The losses that impacted its reinsurance segment were related to Hurricane...
Weak Markets to Hobble Canadian Insurer Results
Oct 24 2011 // Canadian insurers are looking at a bleak quarter of financial results due to a sharp drop in stock markets and bond yields, and analysts are staying cautious on the stocks even at rock-bottom valuations. Sun Life Financial...
Chubb Profit Falls in Q3
Oct 21 2011 // The Chubb Corp. reported that net income in the third quarter of 2011 was $298 million compared to $572 million in the third quarter of 2010. Net income per share declined to $1.04 from $1.80. Operating income was $252...
Cunningham Lindsey Names 3 to Premier Loss Adjusting Division
Oct 20 2011 // Dallas-based Cunningham Lindsey has promoted Chuck Stoll, Joe Christie and Lynn Summers to its International & Executive Loss Adjusting division. This division offers premier loss adjusting expertise in every major...
Workers’ Comp Results Deteriorated for Northeastern States Last Year
Oct 20 2011 // Most states in the northeastern region reported deteriorating workers’ compensation underwriting results last year, according to latest data from A.M. Best. Pennsylvania, New Jersey, Delaware, Maine and Rhode Island...
Allstate’s Q3 Disaster Losses Top $1 Billion
Oct 20 2011 // Allstate Corp. suffered nearly $1.1 billion in catastrophe losses in the third quarter, the country’s largest publicly traded home and auto insurer said Thursday. That is half of what Allstate lost in the second...
Weather Losses Trim Q3 Profit for Travelers
Oct 19 2011 // Travelers Companies reported a $333 million net profit after taxes for the third quarter, down from $1.05 billion in the third quarter last year. Hurricane Irene and weaker investment returns hurt results. Its pre-tax...
State Auto Financial Estimates Around $60M in Cat Losses in Q3
Oct 18 2011 // State Auto Financial Corp. estimates its third quarter 2011 results will include between $60 million and $63 million in pre-tax catastrophe losses, which includes approximately $25 million of prior period development from...
New York’s Suffolk County Had Biggest Insured Property Loss From Irene
Oct 17 2011 // New York State’s Suffolk County suffered the highest insured property loss among the 191 counties affected by Hurricane Irene, according to the latest estimate. New Jersey, New York and North Carolina were the top...
