Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Top 20 Bank Holding Companies in Insurance Brokerage Fee Income
Aug 3 2009 // Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif....
Pennyslvania’s Harleysville Sees Second Quarter Profits Climb
Jul 31 2009 // Pennsylvania-based Harleysville Group Inc. saw second quarter profits climb 115 percent to $20.1 million, up from $9.3 million in the year-ago quarter. At the same time, revenues at the insurer fell nearly 7 percent to...
The Hartford Posts Net Loss of $15M in Q2; P/C Combined Ratio at 90.4%
Jul 31 2009 // The Hartford reported a second quarter 2009 net loss of $15 million compared with second quarter 2008 net income of $543 million. Even so, Ramani Ayer, chairman and chief executive officer of The Hartford, said the insurer...
RenaissanceRe Posts $271 Million Q2 Net Income; $368 Million 6 Months
Jul 30 2009 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $271.2 million or $4.32 per diluted common share in the second quarter, compared to net income available to common...
HRH Acquisition Helps Boost Willis’ Revenues by 19% in Q2
Jul 30 2009 // Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended...
Endurance Q2 Net Income Rises to $149 Million; 1H to $227 Million
Jul 30 2009 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $149.1 million and $2.42 per diluted common share for the second quarter of 2009, compared to $103.3 million and $1.54 per diluted common share in the...
Montpelier Re Reports $159 million Q2 Net Income; $211 Million 1H
Jul 30 2009 // Bermuda-based Montpelier Re Holdings Ltd. reported net income and comprehensive income of $159 million ($1.81 per share) and $163 million ($1.85 per share), respectively, for the quarter ended June 30, 2009, compared to...
Texas Enacts Windstorm Insurance Reforms; Will They Be Enough?
Jul 30 2009 // During the recently completed 81st Legislative Session, the Texas legislature adopted the most significant reforms to the Texas Windstorm Insurance Association (TWIA) since 1997 with the passage of House Bill 4409 (HB...
Travelers Earnings Fall 20% in Q2; Net Premiums Down Slightly
Jul 30 2009 // Travelers Cos. Inc. said on Thursday that second quarter earnings fell about 20 percent on lower investment income and underwriting profit. An increase in premium levels helped Travelers’ net policy sales keep pace...
XL’s Book Value Increased in Q2, Despite Profit Decline
Jul 29 2009 // Bermuda-based XL Capital Ltd. announced that its book value rose in the second quarter, lifting its stock as much as 3 percent, as unrealized losses on some assets narrowed. Net profit fell 66 percent on foreign exchange...
Arthur J. Gallagher Reports Q2 Results; Slight Drop in Organic Revenue
Jul 29 2009 // Arthur J. Gallagher & Co. reported a slight drop in organic revenue of just 0.3 percent for the second quarter 2009 for its combined insurance brokerage and risk management units. For the quarter ending June 30, 2009,...
ACE Q2 Net Drops, But Beats Analysts Expectations
Jul 28 2009 // Property-casualty insurer Ace Ltd. posted a second-quarter operating profit Monday that beat Wall Street expectations, sending its shares more than 2 percent higher. Ace said net income fell about 27 percent, hurt by a...
PartnerRe Reports Q2, 1H Results
Jul 28 2009 // Bermuda-based PartnerRe Ltd. reported net income of $474.3 million, or $8.10 per share on a fully diluted basis for the second quarter of 2009. The bulletin said the figure “includes net after-tax realized and...
IPC Sale to Validus Includes ‘Storm-proof’ Agreement
Jul 27 2009 // IPC Holdings, the Bermuda catastrophe reinsurer that attracted interest from more than a dozen bidders, held out for a storm-proof agreement before agreeing to a sale to rival Validus Holdings The $1.65 billion...
Arch Capital Reports Q2 Results
Jul 24 2009 // The Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2009 second quarter at $152.1 million, or $2.43 per share, compared to $192.3 million, or $2.92 per share, for the 2008...
Employers Holdings To Announce Q2 Earnings on August 7
Jul 24 2009 // Reno, Nev.-based Employers Holdings Inc., a company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s second quarter and...
Chubb Net Income Rises 18% in Q2
Jul 24 2009 // U.S. property/casualty insurer Chubb Corp posted a higher quarterly profit on Thursday, beating Wall Street expectations, as investment gains and lower underwriting losses offset declining policy sales. Second-quarter net...
Insurance Association Develops Green Building Risk Options
Jul 23 2009 // The Wheaton, Ill.-based American Association of Insurance Services (AAIS) has developed new, standardized builders’ risk insurance policy forms that provide coverage for loss exposures related to the...
Platinum Reports Q2 Financial Results
Jul 23 2009 // Despite a slight drop in total revenues, Bermuda-based Platinum Underwriters Holdings reported net income for the second quarter of 2009 of $98.1 million, compared to $99.755 million in Q2 2008. On a diluted earnings per...
Wells Fargo Insurance Operations Bring in $595 Million in Income
Jul 22 2009 // Wells Fargo’s insurance operations recorded $595 million in noninterest income for the quarter ended June 30, 2009, compared to $550 million in noninterest income for the same period in 2008. For the six months ended...
