Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Mercury General Increases Q2 Net Income 1.8%, Names Marcon to Board
Aug 5 2008 // Los Angeles-based Mercury General Corp. announced its second quarter results for 2008. Net income was $70.7 million, an increase of 1.8 percent from the $69.5 million earned in the same quarter in 2007. However, net...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion
Aug 4 2008 // Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property...
Reinsurance, Investments Decrease Fairfax Q2 Profit by 84%
Aug 1 2008 // Fairfax Financial Holdings Ltd. said second-quarter profit fell 84 percent due to a charge at a subsidiary, and a writedown on investments. For the three months ended June 30, profit was $27.6 million, or 84 cents a...
Bermuda-based Companies Second Quarter Earnings Reports
Aug 1 2008 // A number of Bermuda-based companies have released their second quarter earnings reports, as follows: RenaissanceRe Holdings Ltd. reported $159.9 million in second quarter operating income available to common shareholders...
Hanover Insurance Reports Q2 Net Loss with Sale of Life Business
Aug 1 2008 // The Hanover Insurance Group, Inc. in Worcester, Mass. reported a net loss for the second quarter of 2008 of $10.2 million, compared to an income of $59.8 million in the second quarter of the prior year. Net income for the...
Aon Net Income Way Up for Q2 on Sale of Combined Insurance
Aug 1 2008 // Giant insurance broker Aon Corp. reported that second quarter net income skyrocketed 372 percent largely from its sale of business units including Combined Insurance Companies of America. Net income increased to $1.1...
Willis Net Income Down 50%; Revenues Up 6% in Q2
Jul 31 2008 // Despite a soft insurance market, Willis Group Holdings Limited reported a 7 percent growth in commissions and fees, including 3 percent organic growth for the quarter and six months ended June 30, 2008. However, Willis...
Acquisitions, Lower Premiums Affect Hilb Rogal & Hobbs Q2
Jul 31 2008 // Richmond, Virginia-based insurance broker Hilb Rogal & Hobbs, which is in the process of being acquired by bigger insurance broker Willis, reported revenues were up 5.3 percent while net income plummeted for the...
Aspen to Release Q2 Results Today; Conference Call Details
Jul 30 2008 // Bermuda-based Aspen Insurance Holdings Limited will release its second quarter 2008 financial results today, Wednesday, July 30, 2008, following the close of U.S. markets. The Company will hold a conference call to discuss...
State’s Building Code Helps Minimize Losses from California Earthquake
Jul 30 2008 // The moderate earthquake that struck Los Angeles late Tuesday (July 29) morning at 11:42am PDT has not caused major damage or serious injury, according to early eyewitness reports and the Los Angeles Fire Department. Based...
AIR Estimates Taiwan Typhoon Insured Losses under $100 Million
Jul 30 2008 // Catastrophe risk modeling firm AIR Worldwide has issued a bulletin indicating that insured losses in Taiwan from Typhoon Fung-Wong are unlikely to exceed $100 Million. Dr. Peter Sousounis, senior research scientist at AIR...
ACE Q2 Op. Net up 11% to $738 Million
Jul 30 2008 // ACE Limited reported after tax operating net income for the second quarter ended June 30, 2008, of $738 million, an 11 percent gain. Net income per common share was $2.20 after payment of preferred dividends, compared with...
Hartford Insurance Results Dip in Q2 Due in Part to Tornado Claims
Jul 29 2008 // Hartford Financial Services Group Inc.’s earnings fell in the second quarter, hurt by claims from tornado damage. Operating earnings fell 9 percent to $696 million. Net income for the second quarter was down 13...
Premiums, Net Income Decline for Safeco in Q2
Jul 29 2008 // Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007, the company reported today. For the second-quarter 2008, Safeco posted net income of...
ACE Limited to Release Q2 Results Today; Conference Call Details
Jul 29 2008 // Bermuda’s ACE Limited expects to issue its second quarter earnings release and financial supplement after the market closes today Tuesday, July 29, 2008. A copy of these documents will be available promptly following...
XL Posts $238 Million Q2 Net Income
Jul 29 2008 // Despite its problems with Security Capital and the charges it expects to incur (See related article), Bermuda’s XL Capital managed to post net income available to ordinary shareholders of $237.9 million for the...
XL to Announce Q2 Results Today; Conference Call Details
Jul 28 2008 // Bermuda-based XL Capital Ltd. plans to announce its Second Quarter 2008 results today, July 28, after the close of regular stock market trading hours. The Company will then hold a conference call to discuss the results at...
PartnerRe to Release Q2 Results Today; Conference Call Details
Jul 28 2008 // Bermuda-based PartnerRe Ltd. will release its 2008 second quarter and half year results after the market close today, Monday, July 28. PartnerRe senior management will conduct a dial-in conference call, which will include...
No Rating Change for Allstate after Loss Says S&P
Jul 28 2008 // Standard & Poor’s Ratings Services has announced that it is “taking no rating action on Allstate Corp. (NYSE:ALL; A+/Stable/A-1) or its subsidiaries following Allstate’s announcement that it had a...
Munich Re, Hannover Re Warn on Lower Earnings
Jul 25 2008 // German reinsurer Munich Re issued a profit warning on Friday, saying turmoil in global markets would hurt its second-quarter earnings and result in a lower than forecast profit for the year as a whole. “Against the...
