Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AXIS to Release Q1 Earnings; Conference Call Details
Apr 30 2007 // Bermuda-based AXIS Capital Holdings Limited expects to release financial results for the first quarter ended March 31, 2007, today, April 30, 2007, after the close of the financial markets. John Charman, CEO and President,...
StanCorp Financial Group Reports Q1 Income, Favorable Claims Experience
Apr 27 2007 // Portland, Ore.-based StanCorp Financial Group Inc. has reported net income for the first quarter of 2007 of $0.90 per diluted share, compared to $0.70 per diluted share for the first quarter of 2006. Net income for the...
Montpelier Re Book Value up on Good Q1 Results
Apr 27 2007 // Bermuda-based Montpelier Re Holdings Ltd. reported a fully converted book value per share of $16.08, an increase of 4.4 percent for the quarter inclusive of dividends. Comprehensive income for the quarter ended March 31,...
Darwin Professional Underwriters Reports Net Income Up 87% in Q1
Apr 27 2007 // Farmington, Conn.-based Darwin Professional Underwriters, Inc. reported that net income increased 87 percent to $5.2 million for the first quarter of 2007, while gross premiums rose 24 percent to $74 million during the...
Loss Figures for North Texas Storm Revised to $100M
Apr 27 2007 // Insured losses from the storm that spawned tornadoes and large hail over portions of the Dallas Fort Worth area on April 13, have been set at approximately $100 million, the Insurance Council of Texas reported. Twenty...
Countrywide Reports Q1 Insurance Net Earnings of $180 Million
Apr 26 2007 // Countrywide Financial Corp., Calasbas, Calif., reported net earnings of $434 million for the first quarter ended March 31, 2007, compared to net earnings of $684 for the same period in 2006. Pre-tax earnings in the...
ACE Q1 Net up 43% to $701 Million; to Host Conference Call Today
Apr 25 2007 // Bermuda-based ACE Limited reported net income for the first quarter ended March 31, 2007 of $701 million or $2.10 per ordinary share after payment of preferred dividends, compared with net income of $489 million or $1.46...
XL Posts Record Q1 Net of $549.7 Million; Conference Call Today, Details
Apr 25 2007 // Bermuda’s XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended March 31, 2007 of $549.7 million, or $3.06 per ordinary share, compared with net income of $458.5 million, or...
HRH 1st Quarter: Acquisitions Help Drive Revenues as Rates Decline
Apr 25 2007 // Insurance broker and rsk management firm Hilb Rogal & Hobbs Co. reported 2007 first quarter total revenues were $198.2 million, compared with $183.8 million in the 2006 first quarter. Commissions and fees were $192.2...
Commentary: 1Q Insurance Earnings So Far: What’s Working; What’s Not
Apr 25 2007 // Thus far, maybe 15 percent of the insurance industry has reported earnings. Insurance is different from other industries because of the accounting complexity involved. That complexity is necessary, because insurance is one...
ACE Earnings Release; Conference Call Details
Apr 24 2007 // Bermuda-based ACE Limited expects to issue its first quarter earnings release and financial supplement after 5:00 p.m. Eastern Time today, April 24, 2007. “A copy of the documents will be available promptly following...
XL to Release Q1 Earnings Today; Conference Call Details
Apr 24 2007 // Bermuda-based XL Capital Ltd. plans to release its first quarter 2007 financial results after the close of regular stock market trading hours today, April 24, 2007. A conference call to discuss the Company’s results...
Everest Re Q1 Earnings Report; Conference Call Today, Details
Apr 24 2007 // The Bermuda-based Everest Re Group reported record first quarter after-tax operating income, which excludes realized capital gains and losses, of $267.9 million, or $4.13 per diluted share, a 69.7 percent increase compared...
Chubb: 1st Quarter Profit Up 6%
Apr 24 2007 // The Chubb Corp. reported that net income in the first quarter of 2007 was $710 million or $1.71 per share, compared to $672 million or $1.58 per share in the first quarter of 2006. Operating income, which the company...
W. R. Berkley: Net Income Up 17% in 1st Quarter
Apr 24 2007 // W. R. Berkley Corp. reported net income for the first quarter of 2007 of $188 million, or 93 cents per share, a 17% increase from $162 million, or 80 cents per share, for the first quarter of 2006. Net operating income for...
Brown & Brown 1st Quarter Net Income Sets Company Record
Apr 24 2007 // For large Florida-based insurance broker Brown & Brown, Inc., net income and net income per share for the first quarter of 2007 were the highest levels ever attained by the company in a first quarter. Net income per...
Safety group dividend program gives profits back to habitational insureds
Apr 23 2007 // Habitational insurance programs are no different than any insurance program — safety, loss control and risk management practices are essential to its success. One habitational property insurance program offers...
Banks’ total insurance revenue dipped
Apr 23 2007 // The nation’s bank holding companies (BHCs) experienced a slight decline of 1.3 percent in their total insurance revenue from $44.1 billion in 2005 to $43.5 billion in 2006. Citigroup Inc. (N.Y.), Wells Fargo &...
Lloyd’s posts more than $7 billon in record pre-tax profit
Apr 23 2007 // What a difference a year makes. On March 29, Lloyd’s announced pretax profits for 2006 of $7.2 billion compared to the $202 million loss it posted in 2005. Lloyd’s also achieved an extremely good combined ratio...
News Currents
Apr 23 2007 // Insurers fight impression their big profits are at claimants’ expense The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65...
