Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Validus Posts Q2 Net of $70.8 Million
Aug 13 2007 // Bermuda’s Validus Holdings Limited reported net income for the quarter ended June 30, 2007 of $70.8 million, or $1.17 per diluted common share, compared with $29.7 million, or $0.51 per diluted common share, for the...
AXA 1H Net up 16% to $4.37 Billion
Aug 13 2007 // France’s AXA Group reported significant earnings increases in all of its business sectors for the first half of 2007, led by a net income gain of 16 percent to €3.2 billion ($4.372 billion). The growth figures,...
Flagstone Re Q2 Net Drops 53% on Flood, Wind Losses
Aug 10 2007 // Bermuda-based Flagstone Reinsurance Holdings Limited had a rough second quarter of 2007 with net earnings down by 53 percent to $14.694 million, compared to $26.905 million in the second quarter of 2006. The...
ABI Estimates UK Flood Losses at $6.1 Billion; Supports Climate Change Bill
Aug 9 2007 // The Association of British Insurers has released new figures on the cost of the June and July floods, and the number of claims received. The ABI broke down the figures as follows: — Total cost: approaching £3...
Fla.-Based AmCOMP Reports Second Quarter 2007 Financial Results
Aug 9 2007 // From North Palm Beach, Fla., AmCOMP Inc., announced results for the second quarter and six months ended June 30. Fred R. Lowe, AmCOMP’s chairman, president and chief executive officer said the company increased net...
Allied World Reports $123 Million Q2 Net; Conference Call Today
Aug 8 2007 // Bermuda-based Allied World Assurance Company Holdings, Ltd. reported net income of $123.3 million, or $1.96 per diluted share, for the second quarter of 2007, compared to net income of $102.4 million, or $2.02 per diluted...
Best, S&P Lower Conseco’s Ratings as Run-off Losses Continue
Aug 8 2007 // A.M. Best Co. and Standard & Poor’s Ratings Services have both lowered their respective ratings on Conseco Inc., following the Company’s announcement of further losses in its Conseco Senior Health...
R&SA Posts $482 Million H1 Profit Despite UK Flood Claims
Aug 8 2007 // The UK’s Royal & SunAlliance enjoyed a prosperous first half of 2007, despite the costly flood losses that hit the UK in June and July. After tax profits for the period were £237 million ($482 million) only...
For 2Q, AIG Profit Jumps 34%
Aug 8 2007 // American International Group, Inc. reports that its net income for the second quarter of 2007 was $4.28 billion or $1.64 per diluted share, compared to $3.19 billion or $1.21 per diluted share in the second quarter of...
Flagstone Re Earnings Call Thursday
Aug 7 2007 // Bermuda’s Flagstone Reinsurance Holdings Limited will hold an investment community conference call on Thursday, August 9, 2007, at 9:30 a.m. EDT to discuss the company’s second-quarter 2007 financial results...
Marsh Revenue Up 2% in 2d Quarter
Aug 7 2007 // Marsh & McLennan Companies, Inc. (MMC) reported that for this year’s second quarter consolidated revenue was $2.8 billion, up 7 percent from the second quarter of 2006, or 4 percent on an underlying basis. Its...
Q2 Net Income, Premiums Down at Safety Insurance Group
Aug 6 2007 // Safety Insurance Group, Inc. reported that its second quarter net income was $22.9 million, or $1.42 per diluted share, compared to $29.1 million, or $1.81 per diluted share, for the comparable 2006 period. Net income for...
Lloyd’s America’s Baker: Time for action on climate change is now
Aug 6 2007 // For an insurer, understanding climate change is a matter of understanding trends in risk and changes in those trends. For Wendy Baker, president of Lloyd’s Amer-ica Inc., staying on top of those trends in the United...
Insurance credit scoring: 21st century redlining and the end of insurance
Aug 6 2007 // You’ve just been laid off from your job. Or your daughter has a major medical problem that your health insurance (if you have any) doesn’t fully cover. Or you’ve just gotten a divorce. These three life...
Insurance credit scoring: 21st century redlining and the end of insurance
Aug 6 2007 // You’ve just been laid off from your job. Or your daughter has a major medical problem that your health insurance (if you have any) doesn’t fully cover. Or you’ve just gotten a divorce. These three life...
Insurance credit scoring: 21st century redlining and the end of insurance
Aug 6 2007 // You’ve just been laid off from your job. Or your daughter has a major medical problem that your health insurance (if you have any) doesn’t fully cover. Or you’ve just gotten a divorce. These three life...
Insurance credit scoring: 21st century redlining and the end of insurance
Aug 6 2007 // You’ve just been laid off from your job. Or your daughter has a major medical problem that your health insurance (if you have any) doesn’t fully cover. Or you’ve just gotten a divorce. These three life...
RenRe Reports $193.7 Million Q2 Net
Aug 2 2007 // Bermuda-based RenaissanceRe Holdings Ltd. posted $193.741 million after tax income for the second quarter of 2007. Net income available to common shareholders was $183.166 million or $2.53 per diluted common share in the...
Endurance Posts $135.3 Million Q2 Net
Aug 2 2007 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $135.3 million and $1.85 per diluted common share for the second quarter of 2007 versus net income of $64.1 million and $0.85 per diluted common share...
Zurich Estimates UK June Flood Losses at $400 million
Aug 2 2007 // Zurich Financial Services Group announced that, according to its current “best estimate,” it expects that aggregate claims payments related to storms and floods that occurred in the UK during June 2007 will not...
