Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Argo Group Q4 Net Income Drops to $12.8 Million, FY to $82.6 Million
Feb 18 2011 // The Bermuda-based Argo Group International Holdings, Ltd. posted lower net income figures for the fourth quarter of 2010 and for the full year. Highlights for the three months ended Dec. 31, 2010 were listed as...
Fairfax Financial Posts Q4 Loss on Investments
Feb 18 2011 // Toronto-based Fairfax Financial Holdings said Thursday it fell to a fourth-quarter loss as its stock and bond portfolios were hurt by rising interest rates and a decision to hedge investments. The Toronto-based property...
State Auto Sees Improvements in Q4 2010
Feb 18 2011 // State Auto Financial Corp., headquartered in Columbus, Ohio, reported fourth quarter 2010 net income of $37.6 million, or $0.94 per diluted share, versus $14.4 million, or $0.36 per diluted share, for the fourth quarter of...
Best Report Highlights 50% Jump in Asbestos, Environmental Losses
Feb 17 2011 // A soon to be issued report from A.M. Best details an increase in U.S. property/casualty insurers’ asbestos and environmental (A&E) incurred losses. The industry faced a 50 percent rise in 2009, following a 47...
Swiss Re 2010 Net Income up on Buffet Loan Repayment, but Miss Forecasts
Feb 17 2011 // Swiss Re struck a note of confidence on its pricing power and hiked its dividend, saying capital had recovered since it turned to U.S. billionaire Warren Buffett for help in the financial crisis. The world’s...
Allstate Sues JPMorgan Over Mortgage Securities Losses
Feb 17 2011 // Allstate Corp. sued JPMorgan Chase & Co. on Wednesday to recover losses after the bank allegedly misrepresented the risks on more than $757 million of mortgage securities the insurer bought. The lawsuit against the...
Study Finds Auto Insurance and Services Add Profits for Car Makers, Dealers
Feb 16 2011 // Sales by car manufacturers and dealers of additional services to car buyers may mean the difference between profit and loss. A new study from the financial market research group Finaccord concluded that sales of...
Arch Capital Posts $227.7 Q4 Net Income; $816.7 Million Full Year
Feb 15 2011 // Bermuda-based Arch Capital Group reported net income available to common shareholders for the 2010 fourth quarter of $227.7 million, or $4.54 per share, compared to $284.7 million, or $4.75 per share, for the 2009 fourth...
United Fire Sees Higher Net Income but Premium Decrease in 2010
Feb 15 2011 // United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported an increase in net income for the fourth quarter and full year 2010, but net premiums earned decreased by 1.9 percent for the year and by 0.7...
Marsh Reports Robust Revenue Growth
Feb 15 2011 // Marsh & McLennan Companies Inc. today reported strong revenue growth and net income for the fourth quarter and full year 2010 year. Consolidated revenue for the company in the fourth quarter of 2010 was $2.8 billion,...
Validus Group Posts $102.7 Million Q4 Net Income; $402.6 Million FY
Feb 14 2011 // As has been the case with many of its peers, Bermuda-based Validus Holdings didn’t escape the loss events of 2010 unscathed, as both fourth quarter and full year earnings results were battered. Validus reported net...
Endurance Reports $111.2 Million Q4 Net Income; $364.7 Full Year
Feb 14 2011 // Bermuda-based Endurance Specialty Holdings reported net income of $111.2 million and $2.09 per diluted common share for the fourth quarter of 2010, compared to net income of $154.8 million and $2.56 per diluted common...
Alterra Capital Reports $79.7 Q4 Net Income; FY $302.3 Million
Feb 14 2011 // Bermuda-based Alterra Capital Holdings reported net income of $79.7 million, or $0.69 per diluted share, for the fourth quarter of 2010, compared to net income of $62.6 million, or $1.08 per diluted share, for the same...
Montpelier Re Posts $42.2 Million Q4 Net Income; FY $212 Million
Feb 14 2011 // Bermuda-based Montpelier Re joined a number of its compatriots in posting sharp declines in both fourth quarter 2010 net income and for the full year. The Group’s Q4 net income was $42.2 million, compared to $$104.7...
Everest Re Posts $257.8 Mn Q4 Operating Net Income; FY $518 Mn
Feb 11 2011 // The Bermuda-based Everest Re Group reported fourth quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $257.8 million, or $4.70 per diluted common share, compared to after-tax...
Allstate Profit Falls as Auto, Catastrophe Claims Rise
Feb 10 2011 // Allstate Insurance net income fell 43 percent in the fourth quarter as rising claims from auto insurance customers and catastrophes took their toll. Allstate’s fourth quarter 2010 net profit was $296 million compared...
Banks Boost Income from Insurance Brokerage
Feb 10 2011 // Banks earned less in insurance brokerage fees in the third quarter of 2010 than the previous year’s third quarter. However, overall for the first three quarters of 2010, they tallied a record $9.73 billion in...
Employers Holdings To Report Q4 Earnings Feb. 24
Feb 10 2011 // Reno, Nev.-based Employers Holdings Inc. (NYSE: EIG), whose subsidiaries are specialty providers of workers’ compensation insurance focused on small- and medium-sized businesses, will review the company’s...
Willis Reports $89 Million Q4 Net Income; FY $455 Million
Feb 10 2011 // Willis Group Holdings reported increases in both fourth quarter and full year net income. For the quarter ended December 31, 2010 net income was $98 million, or $0.57 per diluted share, compared with $79 million, or $0.47...
Catlin Group 2010 Profits Fall to $406 Million on Cat Losses
Feb 10 2011 // The Bermuda-based (London headquartered) Catlin Group Limited reported net profits before tax in 2010 of $406 million, compared to $603 million in 2009, primarily due to a significant increase in catastrophe losses last...
