Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Zenith National Insurance Reports $41.9 Million Q1 income
Apr 24 2008 // Woodland Hills, Calif.-based Zenith National Insurance Corp. (NYSE: ZNT) reported net income for the first quarter 2008 of $41.9 million, or $1.12 per share, compared to net income for the first quarter 2007 of $64.5...
Travelers Earnings Drop 11% in 1Q
Apr 24 2008 // Travelers Cos. Inc., one of the largest property insurers in the United States, said Thursday that earnings fell 11 percent in the first quarter, as catastrophe losses in the quarter more than doubled and investment income...
Allstate’s Profit Drops 77% in 1Q
Apr 24 2008 // Allstate Corp. said Wednesday that first-quarter net income dropped 77 percent, hurt by write-downs in its investments and larger-than-expected catastrophe losses. The insurer said it had to write down the value of...
HRH Net Income Down 38.5% in 1Q; Total Revenues Up 4.4%
Apr 24 2008 // Hilb Rogal & Hobbs Company (NYSE:HRH) reported total revenues were up 4.4 percent for first quarter 2008 over the same period in 2007, but net income for the first quarter decreased 38.5 percent HRH reported that...
XL Earnings, Conf. Call
Apr 22 2008 // XL Capital Ltd. plans to release its first quarter 2008 financial results after the close of regular stock market trading hours on April 22. The company will host a conference call at 10 a.m. ET on April 23 to discuss the...
Insurers to Build Research Center for Natural Disaster Property Losses
Apr 22 2008 // A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural...
Soft Market’s Effect on Premium Volume Doesn’t Have to Hinder Revenue
Apr 21 2008 // Soft market’s effect on premium volume doesn’t have to hinder revenue Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the...
Climate Change Risk Gives Industry An Opportunity to Be Part of the Solution
Apr 21 2008 // Global warming, the consequence of which is referred to as climate change, is the heating of the earth’s surface temperature caused by man-made activity linked to release of greenhouse gases (GHGs). The burning of...
FBI: Dollar Loss From Internet Crime Reaches All-time High of $240 Million in 2007
Apr 21 2008 // Internet crimes in 2007 cost nearly $240 million, a $40 million increase from 2006, the Federal Bureau of Investigation reported. According to the FBI’s 2007 Internet Crime Report, the Internet Crime Complaint Center...
Mercury General To Report Q1 Results on May 5
Apr 16 2008 // Los Angeles-based Mercury General Corp. (NYSE:MCY) will release its financial resuts for the first quarter ended March 31, 2008, on May 5, 2008. The company will host an investor conference call and Webcast that day at 10...
Total Bank Insurance Revenue Up Slightly in 2007
Apr 15 2008 // The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co....
Report: Obesity Costing Firms $45B a Year in Work Loss, Medical Costs
Apr 10 2008 // The rate of obesity in the United States has doubled in the last 30 years, and those extra pounds weigh on companies’ bottom lines, according to a new report from The Conference Board. Today, 34 percent of American...
Auto Insurer Progressive Reports Q1 Profit Down 34%
Apr 9 2008 // Progressive Corp., one of the largest U.S. auto insurers, Wednesday said first-quarter profit fell 34 percent, as premiums declined. Net income for the Mayfield Village, Ohio-based company dropped to $239.4 million, or 35...
Bear Stearns, Deloitte & Touche Sued over Hedge Fund Losses
Apr 8 2008 // The liquidators of two Bear Stearns Cos mortgage hedge funds that collapsed last year, filed suit Monday against the company and its auditor, Deloitte & Touche, seeking to recover over $1 billion in losses. The suit,...
Climate Change Heats Up Insurance Industry
Apr 7 2008 // Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the...
FBI: Dollar Loss from Internet Crime Reaches All-Time High
Apr 4 2008 // Internet crimes in 2007 cost nearly $240 million, a $40 million increase from 2006, the Federal Bureau of Investigation reported. According to the FBI’s 2007 Internet Crime Report, the Internet Crime Complaint Center...
New Jersey Mother Settles Weight-Loss Lawsuit for $1M
Apr 3 2008 // Her lawyer says the mother of a Rochelle Park, New Jersey teen has settled a lawsuit over his weight-loss surgery for $1 million. Elaine LaBeur’s decision came after a few days of testimony in the trial involving...
La. Posts Nation’s Fastest Income Growth. But Will It Last?
Mar 28 2008 // For the second straight year, Louisiana has posted the fastest personal income growth in the nation, but a prominent economist says that the post-hurricane boost will not necessarily last. “To argue we’re the...
West Virginia’s Workers Comp Insurer May not See Huge Profits Again
Mar 25 2008 // BrickStreet Insurance’s profit from running West Virginia’s workers’ compensation program more than doubled in its second year of business, but those heady days could be ending. In July, the company will...
West Virginia Workers’ Comp Insurer Reports $185 Million Profit for 2007
Mar 24 2008 // BrickStreet Insurance’s profit from running West Virginia’s workers’ compensation program more than doubled to $185 million last year. The Charleston-based insurer earned $70.7 million in 2006, its first...
