Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Flagstone Re Q1 Operating Income Down 61.4% to $12.1 Million
May 7 2010 // Bermuda-based Flagstone Reinsurance Holdings Limited joined a number of reinsurers with diminished results for the first quarter of 2010. The Company reported net operating income of $12.1 million, compared to $31.3...
PartnerRe Reports Q1 Operating Loss; Net Income $79.7 Million
May 7 2010 // Bermuda-based PartnerRe Ltd. reported net income of $79.7 million, or $0.85 per share on a fully diluted basis for the first quarter of 2010; the figure includes net after-tax realized and unrealized gains on investments...
AIG Posts $1.5B Net Income in Q1; Chartis Sees 1.1% Drop in Premiums
May 7 2010 // American International Group Inc. turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize. Chartis, the general...
The Hanover Sees Profit Jump
May 7 2010 // A renewal rights agreement and its growing specialty lines business helped The Hanover see a 62 percent, first quarter jump in profits to $41.8 million, up from $25.8 million in the year-ago period. “It was a...
Swiss Re Posts $158 Million Q1 Net Income, Despite Natural Catastrophes
May 6 2010 // Swiss Re reported net income of $158 million for the first quarter of 2010, a successful result given the “high natural catastrophe losses in the first quarter.” Swiss Re also noted that the “estimated...
Zurich’s Q1 Operating Profit up 19% to $1.3 Billion; Net Income $935 Million
May 6 2010 // The Zurich Financial Services Group reported a strong performance for the three months ended March 31, 2010. First quarter performance highlights included the following: • Business operating profit (BOP) of $1.3...
Argo Posts $20.7 Million Q1 Net Income; Operating Down at $12.2 Million
May 6 2010 // The Bermuda-based Argo Group International Holdings released the following highlights for the quarter ended March 31, 2010: — Total revenue was $372.3 million versus $369.5 million in the year-ago quarter; —...
Employers Holdings Reports Q1 Income of $16.1 Million
May 6 2010 // Reno, Nev.-based Employers Holdings Inc. has reported first quarter 2010 net income of $16.1 million or $0.38 per share compared with $20.9 million or $0.43 per share in the first quarter of 2009, a decrease of $4.8...
Fremont Michigan InsuraCorp Sees Growth in Q1 2010
May 5 2010 // Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurance carrier, reported revenues of $14.9 million for the first quarter of 2010, up 9.4 percent from revenues in the first quarter...
Insurers’ Gulf Coast Oil Spill Losses Estimated at $1.4B
May 5 2010 // Companies with exposure to the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico are insured for losses totaling about $1.4 billion, according to initial reports. “The insurance losses from the sinking...
Best Affirms ACE and Subs Ratings; Outlook on Debt Changed to Positive
May 4 2010 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a-” and senior debt ratings of ACE Limited, based in Zurich, Switzerland, and ACE INA Holdings...
Validus Estimates Oil Platform Disaster Losses in $38-$45 Million Range
May 3 2010 // Bermuda-based Validus Holdings, Ltd. announced a preliminary estimate of losses from the Deepwater Horizon oil platform loss in the Gulf of Mexico to be in the range of $38 million to $45 million, based on an industry loss...
Mercury Insurance Reports Q1 Net Income of $61.2 Million
May 3 2010 // Los Angeles-based Mercury General Corp. has reported net income in the first quarter of 2010 of $61.2 Million, $35.5 million less than the $96.7 million net income reported for the same quarter in 2009. Operating income...
P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves to 101
May 3 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...
Some Red Flags in Residential Arsons Fly Before the Fire
May 3 2010 // Financial stress is the No. 1 reason residential dwellings are intentionally torched, but proving arson is not that easy. Only around 6 percent of arson offenses in 2007 resulted in convictions, according to the Federal...
Some Red Flags in Residential Arsons Fly Before the Fire
May 3 2010 // Financial stress is the No. 1 reason residential dwellings are intentionally torched, but proving arson is not that easy. Only around 6 percent of arson offenses in 2007 resulted in convictions, according to the Federal...
Everest Re Posts $22.7 Million Q1 Net Loss; Operating Loss $73.8 Million
Apr 30 2010 // The Bermuda-based Everest Re Group reported a net loss of $22.7 million, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6 million, or $1.76 per diluted common share, for the first...
Aspen Hit by Nat Cats as Q1 Net Income Falls to $18.3 Million
Apr 30 2010 // Bermuda-based Aspen Insurance Holdings Limited reported a net profit after tax for the first quarter of 2010 of $18.3 million and operating earnings of $0.01 per diluted ordinary share, compared to a net profit after tax...
ACE Posts $755 Million Q1 Net; Operating Income of $579 Million
Apr 30 2010 // ACE Limited reported from its headquarters in Zurich that net income for the quarter ended March 31, 2010, totaled $755 Million, compared to $567 million in Q1, 2009. Net income was $2.22 per share, compared with $1.69 per...
Selective Swings to a $5.8M Profit
Apr 30 2010 // Despite sizable losses from late season, East Coast storms, New Jersey-based Selective Insurance Group swung to a first quarter profit of $5.8 million, a positive change from the $12.9 million the insurer lost in the...
