Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Par for the course: golf club premiums
Aug 21 2006 // Golf and country clubs are complex risks that make it difficult for agents and brokers to know how premium dollars should be allocated. That task is even more difficult because each club is different. Private clubs are...
Zurich 1H Net up 9% to $1.957 Billion
Aug 17 2006 // Zurich Financial Services Group turned in a strong operating performance in all business segments for the first half of 2006, posting net income of $1.957 billion, a 9 percent rise, and business operating profit of $2.847...
QBE 1H Operating Profit up 20% to $452 Million
Aug 16 2006 // Australia’s QBE Insurance Group posted a A$591 million (US$452 million) operating profit after tax for the half year ended 30 June 2006, a 20 percent increase. The Company said the “increase in profit reflects...
Florida’s $250 Million Property Loss Mitigation Program Begins
Aug 15 2006 // Florida has begun My Safe Florida Home program, a $250 million mitigation program to help Floridians strengthen their homes against hurricanes and to reduce property losses. Tom Gallagher, Florida’s chief financial...
Calif. Blue Cross Spent 78.9 Percent of Premium on Patients In 2004-05
Aug 15 2006 // For the fifth year running, Blue Cross of California has spent less than 80 percent of premium dollars on patient care, according to a report released by the California Medical Association. Blue Cross, the state’s...
Netherlands’ ING Groep Profit Up 30%
Aug 11 2006 // Amsterdam-based Financial services company ING Groep NV reported a 30 percent rise in its second quarter profit, with the bulk of the gain coming from its insurance division. Net profit was 2.01 billion euros ($2.58...
Allied World Q2 Net up 43% to $102.4 Million; Conference Call Today
Aug 9 2006 // Allied World Assurance Company Holdings, Ltd. joined the many Bermuda-based insurers, who have turned in strong second quarter and first half results. The Company reported net income of $102.4 million, or $2.02 per diluted...
AIG Reports 29% Decline in 2d Quarter Net Income
Aug 9 2006 // Second quarter income for American International Group, Inc. (AIG) dropped 29 percent to $3.19 billion or $1.21 per diluted share, compared to $4.49 billion or $1.71 per diluted share in the second quarter of 2005. Second...
AXIS Q2 Net up 29% to $223.4 Million
Aug 8 2006 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the quarter ended June 30, 2006 of $223.4 million, or $1.37 per diluted common share, compared with $172.8 million, or...
Hannover Re on Track to Make Profit Goals; Q2 Net up 2% to $193.7 Million
Aug 8 2006 // “Our result as at 30 June is a good basis for achieving our 2006 profit target, namely a return on equity of at least 15 percent,” stated Hannover Re’s CEO William Zeller, as he presented the German...
Berkshire Hathaway 2nd Quarter Earnings Rise 62 Percent
Aug 7 2006 // Omaha, Neb.-based Berkshire Hathaway Inc., billionaire Warren Buffett’s investment vehicle, reported Friday that second-quarter earnings jumped 62 percent on strength in its investments and insurance and utility...
Ind. Conseco Shares Fall on 2nd Quarter Losses, Change in Outlook
Aug 7 2006 // Carmel, Ind.-based Conseco Inc. stock fell after the company swung to a second-quarter loss and trimmed its full-year outlook. The weak results were partly due to higher-than-expected claims in the insurance holding...
Allstate beats Wall Street projections, Q2 profit up by 5 percent
Aug 7 2006 // Allstate Corp. said recently that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and...
Fighting future losses in the midst of fire season
Aug 7 2006 // With 68,775 blazes already this year, the 2006 wildfire season is well on its way to becoming the worst in 10 years, according to the National Interagency Fire Center (NIFC). Its data shows 5.03 million acres have burned,...
When insuring international trade, expect the world
Aug 7 2006 // Think how few things you and your clients wear, use or drive that are wholly made in the USA, and you get a sense of the magnitude of international trade. International trade also is no longer the domain of global giants...
A few tidbits to know when writing yacht policies
Aug 7 2006 // Defining agreed value, actual cash value, replacement cost, and stated amount It is an unfortunate fact that while yacht insurance policies are relatively commonplace today, and many similarities exist between the various...
Insuring energy risks for profit isn’t getting any easier
Aug 7 2006 // Recent experiences need to be translated into quality underwriting standards for the future Underwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high...
Wagging the dog
Aug 7 2006 // Reinsurance woes send primary carriers scrambling Until recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes...
CHUBB CHUGS ALONG IN THE 2ND QUARTER
Aug 7 2006 // The Chubb Corporation reported that net income in the second quarter of 2006 was $598 million, or $1.41 per share, compared to $495 million, or $1.23 per share, in the second quarter of 2005. Operating income, which the...
St. Paul Travelers’ 2nd quarter profits dip 9%
Aug 7 2006 // Insurer St. Paul Traveler’s Companies Inc. said its profit fell 9 percent in the second quarter, but still beat analysts’ expectations. The company also disclosed a $42 million charge “for an additional...
