Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Marsh Posts Q1 Profit As Lower Costs Offset Revenue Drop
May 6 2009 // Marsh & McLennan Cos Inc., the second-largest global insurance broker, posted a first-quarter profit on Wednesday, reversing a year-earlier loss, as lower costs helped offset a decline in revenue. Chief Executive...
AIG to Post $5 Billion Q1 Loss
May 6 2009 // American International Group Inc. is expected to post a first-quarter net loss of about $5 billion, smaller than its year-ago loss and much lower than the record hit it took last quarter, a source familiar with the matter...
AIG Expected to Post Q1 Loss But Not Need More Bailout Funds
May 5 2009 // American International Group Inc. is expected to post a first-quarter loss Thursday, but the insurer’s results will not trigger a new capital injection from the U.S. government, a source familiar with the matter said...
How to Improve Productivity in a New Economy
May 4 2009 // Agencies Must Stop Money Wasting Financial Leaks The economy is in the tank and so is the stock market. Thousands are unemployed and many people do not know where to turn. No one is setting up charities for insurance...
Insurance ‘Relatively Unaffected by Recession,’ Boasts Berkshire’s Buffett
May 4 2009 // Being a big insurer will cost Berkshire Hathaway Inc. dearly when severe catastrophes strike, but it is a good place to be in the midst of an economic downturn, Chairman Warren Buffett said. “We are lucky,”...
Mercury General Reports Implements Salary Freeze, 7% Workforce Reduction
May 4 2009 // Mercury General reported net income in the first quarter 2009 was $96.7 million compared with net loss of $4 million for the same period in 2008. Included in net income are net realized investment gains, net of tax, of...
Fairfax Posts $60 Million Q1 Loss on Investment Woes
May 1 2009 // Fairfax Financial Holdings Ltd. said Thursday that it had a net loss in the first quarter as investments shed value in volatile markets. [Amounts are in U.S. $, unless otherwise indicated]. The Toronto-based insurance...
Everest Re Reports Q1 Net Income of $108.6 Million
May 1 2009 // The Bermuda-based Everest Re Group reported first quarter 2009 after-tax operating income, which excludes realized capital gains and losses and gain on debt repurchase, of $106.1 million, or $1.73 per diluted share,...
RenaissanceRe Q1 Net Income Falls to $97.3 Million
May 1 2009 // Bermuda’s RenaissanceRe Holdings reported that its net income available to common shareholders in the first quarter of 2009 fell to $97.3 Million, or $1.57 per common share, compared to net income available to common...
Travelers’ Earnings Fall; Premiums Up Slightly; Combined Ratio at 90.6%
May 1 2009 // The Travelers Companies, Inc. net income for the first quarter of 2009 fell more than 30 percent to $662 million, for the quarter ended March 31, 2009, compared to $967 million, for the quarter ended March 31, 2008....
Aon Q1 Revenue Drops 3%; Commissions, Fees Up 1%
May 1 2009 // Aon’s first quarter revenue fell 3 percent to $1.9 billion due to a 10 percent decline from foreign currency translation and a 44 percent decline in investment income, the company report. The decline in revenue was...
ACE Q1 Net Income up 50% to $567 Million; Operating Income $669 Million
Apr 29 2009 // ACE Limited reported from its Zurich headquarters that net income for the quarter ended March 31, 2009 was $567 million, or $1.69 per share, compared to $377 million, or $1.10 per share for the same quarter last...
Montpelier Re Q1Operating Income of $47 Million; $51 Million Comp. Net
Apr 29 2009 // Bermuda-based Montpelier Re Holdings Ltd. reported operating income of $47 million (or $0.54 per share) for the quarter ended March 31, 2009, compared to $28.2 million for the same period of 2008. Comprehensive net income...
PartnerRe Posts $141 Million Q1 Net Earnings; Conf. Call Today
Apr 28 2009 // Bermuda-based PartnerRe Ltd. posted net income of $141.5 million, or $2.32 per share on a fully diluted basis for the first quarter of 2009, compared to $129 million in the same period of 2008. “Net income includes...
United Fire & Casualty Reports Income Decline in Q1 2009
Apr 28 2009 // Cedar Rapids, Iowa-based United Fire & Casualty Company reported net income for the first quarter of 2009 was $3.3 million or 12 cents per diluted share, down from a net income of $20.1 million or 74 cents per diluted...
Chubb Q1 Profit Dips Along With Investments, Sales
Apr 24 2009 // High-end property/casualty insurer Chubb Corp. said Thursday that earnings fell in the first quarter, hit by losses on fund investments and declining policy sales. Chief Executive John Finnegan said the “difficult...
Florida’s Property Insurance Market: An Overview by Commissioner McCarty
Apr 24 2009 // It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in...
Harleysville Group’s Profits Take First-Quarter Dip
Apr 23 2009 // Pennsylvania-based insurer Harleysville Group Inc. saw first-quarter net income fall 28 percent as it posted profits of $17.2 million, down from $24.1 million in the year-ago period. Revenue for the company fell to $246.9...
Insurers, Environmental Advocates Urge Changes to Protect U.S. Coastlines
Apr 23 2009 // A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising...
Employers Holdings To Release Q1 Earnings on May 7
Apr 23 2009 // Reno, Nev.-based Employers Holdings Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s first...
