Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Safety Insurance Net Income Dips
May 7 2008 // Boston-based Safety Insurance Group, Inc. reported that net income for the quarter ended March 31, 2008 was $19.0 million compared to $24.6 million last year. Direct written premiums for the quarter decreased by $13.2...
Argo Group Posts $36.9 Million Q1 Net Income; Conference Call Today, Details
May 6 2008 // The Bermuda-based Argo Group International Holdings, Ltd. (which includes the formerly Texas-based Argonaut Group) announced net income of $36.9 million for the first quarter of 2007, a 47 percent rise, while pretax...
Liberty Mutual Group First Quarter Results ‘Solid’
May 6 2008 // Boston-based Liberty Mutual Group reported net income of $360 million for the three months ended March 31, 2008, an increase of $10 million over the same period in 2007. Net written premium for the first quarter was $6.256...
Bermuda Q1 Earnings Recap: ACE, XL, Validus, RenRe, Endurance, Aspen, Montpelier Re
May 5 2008 // A number of Bermuda-based companies announced their first quarter results last week, which were generally lower than the same period of 2007. The financial credit crunch, combined with the ongoing soft market, had a...
Berkshire Hathaway Net Off 64% on Derivatives, Insurance
May 5 2008 // Warren Buffett’s Berkshire Hathaway Inc. said Friday that first- quarter profit tumbled 64 percent, hurt by losses tied to derivatives contracts and a steep slide in insurance premiums. Net income for the Omaha,...
A Soft Market Solution: MGAs and Risk Sharing
May 5 2008 // Part1: Retaining limited underwriting risk could offer MGAs a way to bolster revenue Editor’s Note: The following is part one of a discussion of the risk retention options available to MGAs, the sundry variables...
Willis Reports First Quarter Profit Dip
May 1 2008 // Willis Group Holdings Ltd. reported a drop in net income for the first quarter, but said revenues from commissions and fees grew. Net income for the third largest insurance broker was $166 million, or $1.16 a share, down...
Hanover Insurance Grows Commercial Lines, Shrinks Personal Lines in 1Q
May 1 2008 // The Hanover Insurance Group, Inc. in Worcester, Mass., reported a drop in net income, an increase in commercial lines business and higher losses on personal lines for the first quarter of 2008. The company’s net...
Willis Earnings, Conf. Call
Apr 30 2008 // Willis Group Holdings Limited will release earnings for the first quarter ending March 31, 2008 after the market closes on Wednesday, April 30, 2008. Copies of the release will be available soon thereafter within the...
RenRe Earnings, Conf. Call
Apr 29 2008 // RenaissanceRe Holdings Ltd. will conduct an investment community conference call on Wednesday, April 30, 2008 at 10:30 AMET to discuss its financial results for first quarter 2008, as well as the company’s outlook....
ACE Limited Earnings, Conf. Call
Apr 29 2008 // ACE Limited will hold its first quarter earnings conference call on Wednesday, April 30, 2008, beginning at 8:30 a.m. Eastern Time. ACE expects to issue its first quarter earnings release and financial supplement after the...
Hartford’s 1st Quarter Profit Tumbles 83%; Cuts Outlook
Apr 29 2008 // Hartford Financial Services Group Inc. said Monday that net income plunged more than 83 percent in the first quarter, in large part from losses on investments, including credit derivatives. On an operating basis, the...
9 Catastrophes to Cost P/C Insurers $3 Billion in 1st Quarter
Apr 29 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the...
AXIS Q1 Report Shows Profits Up, Operating Earnings Down
Apr 29 2008 // Bermuda-based AXIS Capital Holdings Limited reported net income for the first quarter of 2008 available to common shareholders of $238 million, or $1.48 per diluted common share, compared with net income of $228 million,...
Allianz Forecasts $2.8 Billion Q1 Profit
Apr 29 2008 // Germany’s Allianz SE said it expects a “solid operating profit” for the first quarter of 2008 of €1.8 billion ($2.8 billion) “despite a difficult market environment.” The Allianz Group...
PartnerRe Q1 Net Drops 24%
Apr 29 2008 // Bermuda-based PartnerRe Ltd. reported net income of $129.0 million, or $2.16 per share, for the first quarter of 2008, compared to $169.3 million for Q1 2007, a 24 percent decrease. The income figure includes net realized...
Chubb Posts Dip in 1st Quarter Profit
Apr 28 2008 // Chubb Corp, one of the largest U.S. business insurers, said that earnings fell 6.5 percent in the first quarter, as the value of policy sales fell moderately. The Warren, New Jersey-based insurer posted net income of $664...
Disappointing CNA Insurance Results Hurting Loews
Apr 28 2008 // Loews Corp. posted an unexpected drop in first-quarter profit Monday, hurt by disappointing results from its CNA Financial Corp. insurance unit. In Monday afternoon trading, shares of Loews were down $2.07, or 4.6 percent,...
West Virginia Mining Co. Blames Losses on Structural Issues, Labor Shortage
Apr 25 2008 // West Virginia-based International Coal Group says its first-quarter loss widened nearly 42 percent due to lagging production and other problems. ICG said Wednesday it lost $11.5 million, or 8 cents per share, in the first...
Arch Capital Q1 Earnings $189.4 Million
Apr 25 2008 // Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2008 first quarter was $189.4 million, or $2.78 per share, compared to $198.6 million, or $2.59 per share, in Q1...
