Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
State Auto Reports Revenue Increases for 2009
Feb 22 2010 // Columbus, Ohio-based State Auto Financial Corporation’s fourth quarter 2009 net income rose to $14.4 million compared with a net loss of $0.6 million for the fourth quarter 2008, the company reported. For the year...
M&A Activity at Decade Lows
Feb 21 2010 // Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and...
101 Things Young Agents Like MOST
Feb 21 2010 // The exclusive 2010 Insurance Journal Young Agents Survey asked independent agents 40 years old and younger: What do you like most about being an independent agent? Here’s what some of the 631 agents who responded had...
Harleysville Profits Rise Dramatically
Feb 19 2010 // Investment gains helped Pennsylvania-based insurer Harleysville Group Inc. post a 422 percent increase in fourth-quarter income to $24.2 million, as the insurer nearly doubled its profits to $86.3 million in...
Swiss Re Rebounds from 2008 Loss; Reports $469 Million FY Net Income
Feb 18 2010 // Swiss Re returned to profit in 2009. The world’s number two reinsurer reported net income of CHF506 million [$468.9 million], compared to a loss of CHF 864 million [$800.6 million] in 2008. The earnings statement...
Some Red Flags in Residential Arsons Fly Before the Fire
Feb 18 2010 // Financial stress is the number one reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6...
Flagstone Re Reports $71.5 Million Q4 Net Income; FY $242 Million
Feb 17 2010 // Bermuda-based Flagstone Re posted net income attributable to common shareholders for the quarter ended December 31, 2009, of $71.5 million, or $0.86 per diluted share, compared to a net loss of $75.6 million, or a loss of...
AXA Asia-Pacific Returns to Profit; No Comments on Takeover Bids
Feb 17 2010 // Takeover target AXA Asia-Pacific’s promise of strong growth in 2010 prompted analysts to suggest suitors may consider raising their bids for the firm but top officials declined comment on the $12 billion...
Arch Capital Posts $284.7 Million Q4 Net Income; Conference Call Today
Feb 17 2010 // The Bermuda-based Arch Capital Group Ltd reported that net income available to common shareholders for the 2009 fourth quarter of $284.7 million, or $4.75 per share, compared to a net loss to common shareholders of $143.0...
Large Brokers Freed to Go After Contingent Commissions But Will They?
Feb 17 2010 // The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut...
Employers Holdings To Report Q4, Annual Earnings on Feb. 25
Feb 16 2010 // Reno, Nev.-based Employers Holdings Inc. announced it will review the company’s fourth quarter and full year 2009 financial results during a conference call and Webcast on Febr. 25, 2010, at 10:30 a.m. PST. The...
Record Snowstorm Pushes North Texas Losses to $25M
Feb 16 2010 // Recent record snowfall in the Dallas/Fort Worth area resulted in insured losses at $25 million, the Insurance Council of Texas reported. The snow accumulations of up to a foot paralyzed the area’s transportation...
PartnerRe Full Year Net Income Soars to $1.53 Billion; Q4 $354 Million
Feb 11 2010 // PartnerRe Ltd. shook off a rather dismal 2008 with a strong performance in 2009. The Bermuda-based reinsurer posted net income of $354.4 million, or $4.25 per share on a fully diluted basis for the fourth quarter of 2009,...
Aspen Net Income Bounces Back; $474 Million Full Year, $126 Million Q4
Feb 11 2010 // Aspen Insurance Holdings reported greatly improved results for the fourth quarter of 2009 and for the full year. The Bermuda-based Company listed the following earnings highlights: — Diluted book value per share of...
Catlin Group Posts Record $603 Million Pre-tax Profits
Feb 11 2010 //
Marsh Insurance Profit Up; Settlements Hit MMC Results
Feb 10 2010 // Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit...
AXIS Posts Q4, Full Year Net Income Gains; Conference Call Details
Feb 9 2010 // Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2009 of $282 million, or $1.87 per diluted common share, compared with net income of $131 million, or $0.88 per diluted common share...
Main Street America Records Profitable and Busy 2009
Feb 8 2010 // The Main Street America Group reported its 2009 financial results that included a 1.3 percent increase in net premium to $815 million, an 18.2 percent return on equity, and a 97.4 combined ratio for the year ended Dec. 31,...
Mercury Insurance Sees 3.5% Decrease in Q4 Net Premium
Feb 8 2010 // Mercury General Corp. reported that net income for the fourth quarter of 2009 was $34.2 million compared with net loss of $168.3 million for the same period in 2008. For the year, net income for the Los Angeles-based...
Social Service Organizations in Tough Times
Feb 7 2010 // Brokers Keep Watchful Eye as Tough Economy Forces Workforce, Program Changes It’s no secret that nonprofits are feeling the effects of a battered economy. Donations are down. State and federal funding is also down....
