Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Chubb Q2 Premiums Flat; Cat Losses Adversely Impact Financial Results
Jul 25 2008 // Catastrophe losses in the second quarter adversely impacted financial results for The Chubb Corp., which reported net income in the second quarter of 2008 fell $213 million over the same time period in 2007, or $469...
Arch Capital to Release Q2 Results Today; Conference Call Details
Jul 24 2008 // Bermuda-based Arch Capital Group Ltd. will release its 2008 second quarter results after the close of regular stock market hours today, Thursday, July 24, 2008. The Company will hold a conference call for investors and...
Storm Losses Erode W.R. Berkley Net Income in Q2
Jul 24 2008 // Insurance holding company W. R. Berkley Corp. reported net income for the second quarter of $80 million, compared to $191 million for the second quarter of 2007. Second quarter results showed the combined ratio was 93.2%...
Liberty Mutual’s Q2 Profits Up; Combined Ratio at 98%
Jul 24 2008 // Bad weather and a poor economy hampered Liberty Mutual Group’s (LMG) second quarter results but revenues overall were up 10.4 percent over second quarter 2007, the company reported today. Liberty Mutual reported the...
U.S. Insured Losses from Dolly Estimated at $300 Million to $1.2 Billion
Jul 24 2008 // Insured loss estimates from Hurricane Dolly are starting to roll in. AIR Worldwide estimates U.S. insured losses from Hurricane Dolly at $300 million to $1.2 billion with an expected (mean) loss of $600 million. Meanwhile,...
Travelers Weathers Q2 Catastrophe Losses; Combined Ratio at 89%
Jul 23 2008 // The Travelers Companies, Inc. reported net income of $942 million for the quarter ended June 30, 2008, compared to $1.254 billion for the quarter ended June 30, 2007. Operating income in the current quarter was $918...
Montpelier Re to Release Q2 Results Today; Conference Call Details
Jul 22 2008 // Bermuda-based Montpelier Re Holdings Ltd. expects to release its second quarter results after the market close today Tuesday, July 22, 2008. The Company will host a conference call to discuss the results on July 23, 2008...
