Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Safeco Reports Net Income of $101.1 Million in Third Quarter
Oct 31 2006 // Seattle-based afeco has reported its third-quarter results. The company produced record net income for third-quarter 2006 of $255.7 million, or $2.20 per diluted share. This compares with net income of $101.1 million, or...
Hanover: Big 3d Quarter Improvement, Despite Katrina Charge
Oct 31 2006 // The Hanover Insurance Group, Inc. reported net income for the third quarter of $33.4 million, or $0.65 per share, compared to a net loss of $562.4 million, or $10.51 per share, in the third quarter of last year. The...
Minn. Western National Announces 3rd Quarter Results
Oct 30 2006 // Western National Insurance Group today announced their 2006 financial results through Sept. 30, 2006. The Group results now include the Farmers Home Mutual group of companies due to the completion of that transaction in...
Arch Posts $185.5 Million Q3 Net Income
Oct 30 2006 // The Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders of $185.8 million, or $2.44 per share, for the third quarter of 2006, compared to a net loss of $86.3 million, or $1.15 per...
The Hartford’s Net Income Jumps 41% for Third Quarter
Oct 30 2006 // The Hartford Financial Services Group, Inc. reported record third quarter 2006 net income of $758 million, or $2.39 per diluted share — a sizable 41 percent boost over the same quarter last year. The Hartford’s...
Apex, N.C. Fire Chief Predicted Heavy Loss From Chemical Fire
Oct 27 2006 // Apex’s fire chief told a North Carolina state task force this week that he was prepared to lose an entire city block when a chemical fire ignited an industrial waste recycling plant earlier this month because he...
Willis Posts $89 Million Q3 Net Income
Oct 27 2006 // Global broker Willis Group Holdings Limited reported net income for the quarter ended September 30, 2006 of $89 million, or $0.56 per diluted share, compared with net income of $45 million, or $0.28 per diluted share, a...
Montpelier Re Holdings Q3 Net Income $110 Million
Oct 27 2006 // Bermuda-based Montpelier Re Holdings Ltd. reported comprehensive (overall net) income for the quarter ended September 30, 2006 of $110 million, or $1.13 per diluted common share. Net income excluding net realized...
Endurance Speciality Reports $128.2 Million Q3 Net Income
Oct 27 2006 // Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $128.2 million and $1.74 per diluted common share for the third quarter of 2006 versus a net loss of $377 million and $6.26 per diluted common share...
Third Quarter Earnings Drop Slightly at Commerce Group
Oct 27 2006 // The Commerce Group, Inc. reported 2006 third quarter net earnings were $56.5 million, or $0.83 per diluted share, compared to net earnings of $59.8 million or $0.88 per diluted share for 2005. Included in the 2006 third...
Profits Surge at Chubb; Professional Liability Continues Improvement
Oct 27 2006 // The Chubb Corp. reported that net income in the third quarter of 2006 was $604 million, or $1.43 per share, compared to $246 million, or $0.60 per share, in the third quarter of 2005. Operating income increased to $579...
Fewer Hurricanes Allow St. Paul Travelers 3rd Quarter Profit to Soar
Oct 27 2006 // Minneapolis-based St. Paul Travelers Cos. Inc. reported a six-fold increase in earnings and raised its guidance for the full year after clearing the third quarter without significant hurricane losses. Insurers struggled...
AIR Sees Possible $50 Billion European Windstorm Insured Losses
Oct 26 2006 // Boston-based consultant and catastrophe risk modeler AIR Worldwide Corporation has released a new analysis of European extratropical cyclones, which confirms that Europe could experience a winter storm resulting in insured...
XL Posts $415.8 Million Q3 Net Income
Oct 26 2006 // Bermuda’s XL Capital Ltd. became the latest major insurer based on the island to report strong income gains in the third quarter of 2006. XL posted net income available to ordinary shareholders for the quarter of...
ACE Posts Record Q3 Net Income of $578 Million; Conference Call Today
Oct 25 2006 // The parade of good third quarter results continues, with Bermuda’s largest insurer, ACE Limited, posting net income for the period of $578 million, compared to a $112 million loss in Q3 2005. Excluding capital losses...
Everest Re Posts $240.2 Million Q3 Operating Income
Oct 25 2006 // Everest Re Group, Ltd. joined a growing list of Bermuda-based insurers who have seen their third quarter profits rebound sharply from last year’s disastrous results. The Group reported third quarter 2006 after-tax...
PartnerRe Q3, 9-Month Operating Earnings Show Big Gain; Conference Call Details
Oct 24 2006 // What a difference benign weather can make on a reinsurance company’s earnings. Bermuda’s Partner Re Group announced record net operating earnings of $205.052 million, compared to a $345.176 million loss in Q3...
Fiess: Texas Supreme Court speaks
Oct 23 2006 // Despite the mandate of new mold endorsements and adoption of new forms, there has been a great deal of continuing litigation in Texas under the Homeowners B form as to when mold is covered. The focus has been on the...
Top 10 Bank Holding Companies in Total Insurance Income
Oct 23 2006 // Rank Rank 1st half End of Total Insurance 2006 2005 Income ($000s) Bank Holding Company State 1 1 $1,570,000 CitiGroup Inc. N.Y. 2 2 $728,000 Wells Fargo & Co. Calif. 3 5 $580,777 Countrywide Financial...
Hurricane risk reduces prospective profit of homeowners insurance
Oct 23 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re. With...
