Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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....
Markel Swings to Fourth-Quarter Profits
Feb 5 2010 // Virginia-based specialty insurer Markel Corp. posted profits of $93.7 million in the fourth quarter, a positive swing from the $32.6 million loss the company saw in the same period last year. For the full year, Markel...
Zurich 2009 Net Income up 6% to $3.2 Billion; Farmers Boosts Profits
Feb 4 2010 // The Zurich Financial Services Group posted across the board income gains in all of its core business segments and targeted growth in profitable market areas, particularly in Global Life and from Farmers. The Group...
Willis Posts Q4, Full Year Gains
Feb 4 2010 // Willis Group Holdings has reported gains in most segments of its business in the fourth quarter and for the year ended December 31, 2009. Willis listed the following Q4 highlights: — Reported earnings per diluted...
Selective Insurance Group Reports Profits
Feb 4 2010 // New Jersey-based insurer Selective Insurance Group Inc, posted a fourth-quarter profit of $20.6 million, up from a $14.4 million loss in the year-ago quarter. For the year, earnings were $36.4 million, down from $43.8...
The Hanover Sees Earnings Jump
Feb 4 2010 // Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter. For the year, net income was $197.2 million, up from...
Report: Economic Benefits of Levees Outweigh Flooding Costs
Feb 4 2010 // Despite the massive flooding resulting from levee breaches and storm surge during Hurricane Katrina in 2005, the economic benefits provided by flood control measures in Southeast Louisiana far outweigh the costs of...
ACE Posts $2.549 Billion 2009 Net Income; Conference Call Today
Feb 3 2010 // ACE Limited reported net income for the quarter ended December 31, 2009, of $953 million, or $2.81 per share, compared with $0.06 per share for the same quarter last year. For the full year ACE reported net income of...
Munich Re to Post $3.57 Billion 2009 Profit; 95.3% Combined Ratio
Feb 2 2010 // Munich Re announced that according to its “preliminary calculations” consolidated profits increased “significantly” in 2009 to €2.56 billion [$3.57 billion, compared to €1.58 billion [$2.2...
Farm, Insurance Loss Estimates from Florida Freeze Still Weeks Away
Feb 2 2010 // It will still be weeks, into March and April, before the full extent of crop damage and insurance payments from Florida’s recent extended freeze will be known. While Florida’s citrus industry has been hard hit,...
ABI Estimates November UK Flood Losses Exceed $322 Million
Jan 26 2010 // A report from the Association of British Insurers estimates that the floods in Cumbria in the northwestern part of England and parts of Southern Scotland in November have exceeded £200 million ($322 million) [See IJ...
Travelers Sees Record Profits
Jan 26 2010 // The Travelers Cos. saw its fourth-quarter profits climb 60 percent, driven largely by investment gains. The insurer posted record net income for the quarter of $1.285 billion and full year net income of $3.622 billion. It...
Counties with Levees Are Some of the Nation’s Most Economically Sound, Report Says
Jan 25 2010 // Hundreds of levees around the United States protect vulnerable areas and tens of millions of people from potentially devastating floods. Yet hardly anyone gives them a second thought until one is breached. The most glaring...
Report: Counties with Levees Are Among the Nation’s Most Economically Sound
Jan 24 2010 // Flooding Costs Are Outweighed by Regional Economic Benefits There are hundreds of levees around the United States that protect vulnerable areas and tens of millions of people from potentially devastating floods each year....
Report: Counties with Levees Are Among the Nation’s Most Economically Sound
Jan 24 2010 // Flooding Costs Are Outweighed by Regional Economic Benefits Hundreds of levees around the United States protect vulnerable areas and tens of millions of people from potentially devastating floods each year. Yet hardly...
How Rising Capital Gain Tax Rates Might Impact Tomorrow’s M&A Market
Jan 24 2010 // Agencies Contemplating Selling Soon Should Understand Their Opportunity Costs First Capital gain tax rates will increase when the current legislation sunsets at the end of 2010. The best case scenario is the current 15...
How Small Group Partnerships Help Agencies to Grow Employee Benefits Revenue
Jan 24 2010 // Gibson Insurance Group, Bolton & Co. Tell Their Tales of Growth In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee...
