Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing
Sep 6 2010 // It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains...
AIR Puts Caribbean Islands Earl Insured Losses at $50 to $150 Million
Sep 2 2010 // AIR Worldwide has given preliminary estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50 million and $150 million. AIR said the...
Travelers to Offer Defense Outside the Limits for Non-Profits
Sep 1 2010 // Travelers is now offering defense outside the limits for policyholders of the Wrap+ directors and officers (D&O) and employment practices liability (EPL) suite of coverages for non-profit organizations. D&O and EPL...
Lexington to Insure Tax Credits on Low Income Housing
Aug 31 2010 // Lexington Insurance Company, a Chartis company, has introduced its Low Income Housing Tax Credit (LIHTC) First Party and Professional Liability Insurance program. The program is designed to protect owners, developers and...
Fitch: Profits Decline for Most U.S. P/C Insurers in First-Half of 2010
Aug 26 2010 // First-half 2010 operating profits declined for most publicly traded property/casualty insurance companies that Fitch Rating follows, according to a new report. However, the $16.2 billion of aggregate net earnings reported...
P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing
Aug 25 2010 // It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains...
Kentucky’s WC Loss Costs Down for Fifth Time
Aug 24 2010 // An annual filing most insurance carriers will use to develop rates for workers’ compensation coverage in Kentucky shows the fifth consecutive overall decrease in loss costs, Department of Insurance Commissioner...
P/C Industry Shows Slight Premium Growth in Q2, But No Gain in Profits
Aug 19 2010 // The U.S. property and casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines...
Fremont Michigan Reports Higher Earnings, Loss Experience in Q2
Aug 10 2010 // Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property/casualty insurance carrier, reported revenues of $16 million for the second quarter ended June 30, 2010, an increase of 15.6 percent over the second quarter...
Florida’s United Insurance Reports Profits in Second Quarter
Aug 10 2010 // United Insurance Holdings Corp., a property and casualty insurance holding company, today reported its financial results for the second quarter and for the six months ended June 30, 2010. For the second quarter, United...
Georgia’s Atlantic American Reports Increased Income
Aug 10 2010 // Atlantic American Corporation has reported net income of $76 thousand, or nil per diluted share, for the three month period ended June 30, 2010, compared to net income of $12 thousand, or a loss of $0.01 per diluted share,...
Markel Underwriting Loss Tied to Chile Earthquake, Deepwater Horizon
Aug 9 2010 // Specialty insurance company Markel Corp. reported that its combined ratio for the second quarter of 2010 was 103 percent, compared to 99 percent for the second quarter of 2009. The combined ratio was 102 percent for the...
Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up
Aug 9 2010 // Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent,...
U.S. Captive Insurers’ Underwriting Income Drops; Investments Improve
Aug 9 2010 // Net income doubled in 2009 over 2008 for a composite of 195 U.S. captive insurers followed by A.M. Best Co., driven by the recovery of the industry’s investments. Realized capital gains totaled $82 million for 2009,...
AIG Posts Q2 Loss; Chartis Insurance Stable Despite Flood, Oil Spill Claims
Aug 6 2010 // American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion...
Catlin First Half Profit Falls
Aug 6 2010 // Specialty insurer Catlin Group Limited reported a US$86 million profit before tax for the six months ending June 30, 2010. That compares to US$240 million for the half year 2009. The results include a US$227 million...
Liberty Mutual Profit Falls in Q2
Aug 6 2010 // Boston-based Liberty Mutual Group reported net income of $220 million for the second quarter of 2010, a decrease of $48 million or 17.9 percent from the same period in 2009. Including the impact of catastrophes, the...
Cincinnati Financial Q2 2010 Income Up from Previous Year
Aug 5 2010 // Cincinnati Financial Corp. saw net income for the second quarter of 2010 rise to $27 million compared with a net loss of $19 million for the same period in 2009. Operating income for the quarter was $42 million compared...
European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy
Aug 5 2010 // Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of...
The Hartford Posts 2Q Profits
Aug 5 2010 // The Hartford swung to a second-quarter profit of $76 million, rebounding from a $15 million loss in the year-ago period, despite sizable catastrophe losses and several other one-time charges. The earnings reflect...
