Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Aon Hit With Q4 Benfield Merger Costs But Broker Commissions Grow Slightly
Feb 6 2009 // Aon Corp., the largest global insurance brokerage by assets, reported that net income fell 95 percent in the fourth quarter as it incurred costs related to restructuring and its merger with Benfield Group. Net income was...
Allied World Q4 Net Income Down 83.9%; Full Year Drops 60.8%
Feb 6 2009 // Allied World Assurance Company Holdings reported net income of $19.9 million, or $0.39 per diluted share, for the fourth quarter of 2008 compared to net income of $123.0 million, or $2.01 per diluted share, for the fourth...
The Hanover Group Sees Profits Shrink
Feb 6 2009 // Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester,...
Zurich Reports $3 Billion 2008 Net Income; Operating Profit $5.2 Billion
Feb 5 2009 // Zurich Financial Services Group has announced net income after tax of $3 billion for 2008 as well as a CHF 11.00 ($9.48) gross dividend proposal and operating profits of $$5.2 billion. As detailed below, the figures show a...
Swiss Re to Post $862 Million 2008 Net Loss; Buffett to Invest $2.6 Billion
Feb 5 2009 // The Swiss Re Group announced that it expects to report a net loss for the full year 2008 of approximately CHF 1 billion ($862.5 million) for 2008, compared to net income of CHF 4.2 billion ($3.62 billion) in 2007. It will...
PartnerRe Q4 Net Drops 52% to $95.3 Million; FY Down 94% to $46.5 Million
Feb 4 2009 // PartnerRe Ltd. joined the growing list of companies, reporting sharp fourth quarter and full year net income decreases. The Bermuda-based reinsurer posted Q4 net income of $95.3 million, compared to the $180.6 million it...
ACE Q4 Net Income Drops 96% to $20 Million; $1.2 Billion Full Year
Feb 4 2009 // ACE Limited reported net income for the fourth quarter ended December 31, 2008, of $20 million, a 96 percent decline from the $572 million the group posted in the same period of 2007. The company recorded net losses on...
Aspen to Announce Q4, FY Results Today; Conference Call Details
Feb 4 2009 // Bermuda-based Aspen Insurance Holdings Limited will release its fourth quarter and year-end 2008 financial results today, Wednesday, February 4, 2009, following the close of U.S. markets. The Company will hold a conference...
Markel’s Ratings ‘Unaffected’ by Investment Losses Says S&P
Feb 4 2009 // Standard & Poor’s Ratings Services has indicated that its ‘BBB’ counterparty credit rating on Markel Corp (MKL) “is not affected by today’s announcement of fourth quarter 2008...
ACE to Release Q4, Full Year Earnings Today; Conference Call Details
Feb 3 2009 // ACE Limited expects to issue its year-end, fourth quarter earnings release and financial supplement after the market closes today, Tuesday, February 3, 2009. A copy of these documents will be available promptly following...
Transatlantic Holdings Q4, Full Year Income in Sharp Drop
Feb 2 2009 // The New York-based reinsurance group Transatlantic Holdings (TRH) became the first major reinsurer to announce its 2008 results. TRH reported net income for the year ended December 31, 2008 of $102.3 million, or $1.53 per...
PartnerRe to Release Q4, FY Earnings Today; Conference Call Details
Feb 2 2009 // Bermuda-based PartnerRe will release its 2008 fourth quarter and full year results after the market close today, Monday, February 2, 2009. PartnerRe senior management will conduct a dial-in conference call, which will...
S&P Lowers Allstate’s Operating Co. Ratings to ‘AA-‘; Outlook Negative
Jan 30 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Allstate Corp.’s core property-liability (Allstate Protection) and life insurance (Allstate...
Argo Ups Ike Loss Estimates
Jan 30 2009 // The Bermuda-based Argo Group International Holdings has increased its loss estimate for Hurricane Ike, including reinstatement premiums and estimated reinsurance recoveries, by approximately $15 million on a pre-tax basis....
Chubb’s Profits Contracted in 2008
Jan 30 2009 // Fourth quarter profits at Warren, New Jersey-based The Chubb Corp. fell 37 percent to $407 million from $650 million in the same quarter last year. For the full year, net income was down 36 percent to $1.8 billion from...
Arch Capital Gives Preliminary Earnings Estimates
Jan 30 2009 // The Bermuda-based Arch Capital Group Ltd. announced that it expects to report after-tax operating income available for common shareholders in the range of $75 million to $90 million for the 2008 fourth...
Allstate Posts 9% Decline in Profit for 2008; Combined Ratio at 99.4%
Jan 29 2009 // Allstate reported consolidated revenues were $6.6 billion in the fourth quarter of 2008 and $29.4 billion for the 2008 year, a 9 percent drop from the previous year. The decrease in revenue of $2.4 billion and $7.4 billion...
Selective Insurance Posts Fourth Quarter Loss
Jan 29 2009 // Branchville, New Jersey-based Selective Insurance Group Inc. reported a fourth-quarter net loss, hit by a 63 percent fall in investment income, sending its shares down more than 10 percent. The property and casualty...
UPDATE: AIR Puts Insured French Storm Losses at $465 to $930 Million
Jan 28 2009 // Catastrophe risk modeling firm AIR Worldwide has given its preliminary estimates of insured losses in France from winter storm Klaus of between €350 million and €700 million ($465 to $930 million). AIR noted...
Travelers Reports Solid Q4, Year-End Underwriting; ‘Well Positioned’ for 2009
Jan 27 2009 // The Travelers Companies, Inc. reported net income of $801 million for the quarter ended Dec. 31, 2008, compared to $1.063 billion, for the quarter ended Dec. 31, 2007. Operating income in the current quarter was $939...
