Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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....
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,...
