Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Arch Capital Q3 Underwriting Loss $38.5 Million; $26.4 Million Net Income
Oct 24 2008 // The Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2008 third quarter was $26.4 million, or $0.42 per share, compared to $199.7 million, or $2.76 per share, for the...
Hurricane, Investment Losses Cut Into Chubb’s Q3 Profit
Oct 24 2008 // Like many of its property/casualty competitors, Chubb Corp. saw its third quarter profit cut by investment losses and Hurricane Ike but the New Jersey-based insurer still emerged with $264 million in net income, $300...
Liberty Mutual Serves Up Loss Control Unit for Insurance Agents, Buyers
Oct 24 2008 // Liberty Mutual Group has created a new loss control organization, Loss Control Advisory Services, to give middle and national market commercial insurance buyers and their agents and broekrs better access to professional...
RMS Estimates Ike Insured Losses Now in $13B to $21B Range
Oct 24 2008 // California-based Risk Management Solutions (RMS) updated its estimate for U.S. onshore and offshore insured losses from Hurricane Ike to $13 billion to $21 billion, of which $10 billion to – $15 billion is estimated...
Risk Managers Report Price Softening Despite Cat Losses, Financial Crisis
Oct 24 2008 // Two major hurricanes and a global credit crunch were not enough to derail the relentless soft commercial insurance market in the third quarter, according to RIMS Benchmark Survey, an industry survey of policy renewal...
Montpelier Re to Release Q3 Earnings Today; Conference Call Details
Oct 23 2008 // Bermuda-based Montpelier Re Holdings Ltd. expects to release its third quarter results after the market close today, October 23, 2008. The Company will host a conference call to discuss the results on October 24, 2008 at...
Arch Capital to Report Q3 Results Today; Conference Call Details
Oct 23 2008 // Bermuda’s Arch Capital Group expects to release its 2008 third quarter results after the close of regular stock market hours today, Thursday, October 23, 2008. The Company will hold a conference call for investors...
Alabama Revenue Chief Seeks End to Crisis on Coast
Oct 23 2008 // Alabama’s coastal property insurance crisis could be resolved by the state and cities working together to form special types of insurance companies to offer coverage, the state revenue commissioner said. Tim Russell,...
Allstate Posts $923M Net Loss for Q3
Oct 23 2008 // Catastrophe losses and the global financial crisis contributed to a $923 million net loss for the third quarter of 2008, which reflects an operating loss of $190 million and net realized capital losses of $728 million, The...
Platinum’s Q3 Earnings Report Shows $45 Million Net Loss
Oct 22 2008 // Bermuda-based Platinum Underwriters Holdings third quarter earnings report showed a net loss of $45.3 million, or $0.99 per basic common share. Platinum said the “results for the quarter are consistent with...
Chaucer’s Gustav/Ike Losses at $55 Million; Investment Loss $47 Million
Oct 22 2008 // Chaucer, the specialist Lloyd’s insurance group, announced that its preliminary loss estimates for hurricanes Gustav and Ike – net of reinsurance and reinstatement premiums – is approximately $55 million...
Everest Re Reports $233 Million Q3 Net Loss; $2.2 Million for 9 Months
Oct 22 2008 // The Bermuda-based Everest Re Group reported third quarter 2008 after-tax operating income, which excludes realized capital gains and losses, of $12.6 million, or $0.21 per share, compared to after-tax operating income of...
Travelers Takes Q3 Hit from Hurricanes
Oct 22 2008 // Travelers Cos. Inc.’s net income dropped to $214 million for the third quarter, down from $1.2 billion for the same period last year, as the company absorbed losses from Hurricanes Ike, Gustav and Dolly. The...
Towers Perrin Sees P/C Insurer Surplus Decline of 8% for Q3
Oct 22 2008 // The U.S. property/ casualty industry’s reported statutory surplus at the end of the third quarter is projected to decline as much as $42 billion, or 8 percent, from the beginning of the year, according to estimates...
Travelers Soothes Investors; Cites Opportunities in AIG Debacle
Oct 22 2008 // Large property insurer Travelers Cos. Inc. said some potential business opportunities have arisen from the troubles at its rival American International Group Inc., and that the rates it can charge for insurance may also...
Endurance Issues Preliminary Q3 Earnings Analysis
Oct 21 2008 // Bermuda-based Endurance Specialty Holdings joined the growing list of the island’s (re)insurers who have issued statements giving preliminary details concerning their third quarter results. In discussing the impact...
Everest Re to Hold Q3 Earnings Conference Call Today
Oct 21 2008 // The Bermuda-based Everest Re Group released its Third Quarter 2008 earnings after close of trading on the NYSE yesterday, October 20, 2008. A conference call discussing the results will be held at 8:30 a.m. Eastern Time...
Platinum to Report Q3 Earnings Today; Conference Call Details
Oct 21 2008 // Bermuda-based Platinum Underwriters Holdings will report financial results for the quarter ended September 30, 2008 after the close of trading on the New York Stock Exchange today, Tuesday, October 21, 2008. The Company...
Brown & Brown: Revenues Up Even as Insurance Prices Falling
Oct 21 2008 // Florida-based insurance agency Brown & Brown, Inc. reported that its total commissions and fees revenues for the third quarter of 2008 increased 8.1 percent over the third quarter of 2007. While revenues were up, net...
W.R. Berkley Estimates $41M Storm, $143M Investment Losses for Q3
Oct 20 2008 // W. R. Berkley Corp. estimates that it will report after-tax storm losses of $41 million, or $0.24 per share, from Hurricanes Ike, Gustav and Dolly as well as an unusually high number of wind and hail storms in the...
