Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Aspen to Release Q4, Full Year Results Today; Conference Call Details
Feb 8 2007 // Bermuda-based Aspen Insurance Holdings Limited will release its fourth quarter and year-end 2006 financial results today, Thursday, February 8, 2007, following the closing of the U.S. markets. The Company will hold a...
RenaissanceRe Reports Record 2006 Net Income of $761.6 Million
Feb 7 2007 // Bermuda’s RenaissanceRe Holdings Ltd. bounced back strongly from last year’s catastrophes to post net income for 2006 of $761.635 million, compared to a $281.3 million loss in 2005. Operating income for the...
AXIS 2006 Net Income $925. 8 Million
Feb 7 2007 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $925.8 million, or $5.63 per diluted common share for the year ended December 31, 2006, compared with net income of $90.1...
Willis Posts Earnings on Wednesday; Conference Details
Feb 6 2007 // Global insurance broker Willis Group Holdings will release earnings for the fourth quarter and full year ending December 31, 2006, after the market closes on Wednesday, February 7, 2007. Copies of the release will be...
Industry Forecast Predicts Slower Premium Growth, But Underwriting Profit in 2007 and 2008
Feb 5 2007 // Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals released each year...
Fitch Upgrades ACE Financial Strength, Debt Ratings
Feb 5 2007 // Fitch Ratings upgraded the senior debt ratings of ACE Limited and its subsidiary ACE INA Holdings Inc. to “A” from “A-” and the issuer default ratings (IDR) of ACE and ACE INA to “A+”...
XL’s Kyrill Losses – $60 to $75 Million
Feb 5 2007 // Bermuda’s XL Capital Ltd. announced that, based on current analysis, its pre-tax net loss relating to European Windstorm Kyrill is estimated to be in the range of $60 to $75 million. XL noted that the majority of its...
AXA Posts Earnings Gains in all Sectors
Feb 5 2007 // France’s AXA Group joined the growing parade of big insurance companies who had a banner year in 2006. The financial services and insurance giant posted gains in all of its principal activities. Life & Savings...
Transatlantic 2006 Net Income up 1130% over 2005
Feb 5 2007 // Transatlantic Holdings, Inc. reported that its net income for the year ended December 31, 2006 was $428.2 million, or $6.46 per common share (diluted), compared to $37.9 million, or $0.57 per common share (diluted), in...
AXIS Kyrill Losses at $40-$55 Million
Feb 2 2007 // Bermuda’s AXIS Capital announced that its expects net losses related to Windstorm Kyrill to be between $40 and $55 million, principally from its reinsurance segment. AXIS noted that Kyrill “produced damaging...
PartnerRe to Release Q4, Full Year Results Monday; Conference Details
Feb 2 2007 // Bermuda’s PartnerRe Ltd. will release its 2006 fourth quarter and full year results after the market close on Monday, February 5, 2007. PartnerRe senior management will conduct a dial-in conference call, which will...
Report: ID Theft Down; Key Risk Factors Include Age, Income
Feb 2 2007 // Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction...
Everest Re: Q4 Net Income $206 Million; $840.8 Million Full Year
Jan 31 2007 // Bermuda’s Everest Re Group, Ltd. recovered strongly from 2005 losses, posting fourth quarter 2006 after-tax operating income (which excludes realized capital gains and losses) of $201.2 million, or $3.07 per diluted...
Allianz Kyrill Losses Around $452 Million
Jan 31 2007 // Germany’s Allianz Group announced that “based on the current state of knowledge,” it estimates net claims of around €350 million ($452 million) before taxes. “The amount of claims is within the...
ACE: Q4 Net $665 Million; $2.3 Billion Full Year; Conference Today, Details
Jan 31 2007 // Bermuda-based ACE Limited reported strong fourth quarter and full year net earnings of $665 million – $1.99 per common share – and $2.305 billion respectively. Full year net operating income was $2.351 million;...
Allstate Profit Rose 17% in 4th Quarter
Jan 31 2007 // Allstate Corp., the second-biggest U.S. personal-lines insurer behind State Farm, said its fourth-quarter profit rose 17 percent as it continued to benefit from a benign year for hurricanes. The $1.21 billion (euro930...
The Hanover Net Income Down in 4th Quarter But Up for Year
Jan 30 2007 // Net income for the fourth quarter of 2006 at The Hanover Insurance Group, Inc. fell to $45.5 million, or $0.88 per share, compared to $118.7 million, or $2.19 per share, in the fourth quarter of the prior year. Net income...
Safeco Reports Fourth Quarter Net Income of $216.4 million
Jan 30 2007 // Seattle-based Safeco hosted a conference call on its fourth quarter and year-end results today, noting it had fourth-quarter net income of $216,4 million, or $1.96 per diluted share. Net income for the same period the...
Hannover Re Estimlates Kyrill Losses Between $155-$233 Million
Jan 30 2007 // Hannover Re said it expects a net loss of €120 to €180 million ($155 to $233 million) before tax as a result of windstorm Kyrill. The bulk of the expenditure is attributable to claims in Germany. Hannover Re said the...
Munich Re Estimates Kyrill Losses at $775 Million
Jan 29 2007 // Based on current estimates, Munich Re expects pretax losses from Windstorm Kyrill to be around €600 million ($775 million). The estimates include claims relating to the Group’s primary insurance subsidiary...
