Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Coface Revenues Top $1.443 Billion
Feb 27 2006 // The French international business-to-business trade facilitator and insurer, Compagnie Francaise d’Assurance pour le Commerce Exterieur SA (Coface), announced that it’s consolidated revenues for 2005 increased...
Hurricanes Drive 39% Decline in Net Income for Giant State Farm
Feb 26 2006 // Hurricane losses and loss adjustment expenses totaling $6.3 billion (after reinsurance) contributed to a reduction in State Farm’s 2005 net income. The company is reporting an after-tax net income from all sources of...
PXRE Posts $446.5 Million Q4 Loss
Feb 23 2006 // The Bermuda-based PXRE Group Ltd. reported a net loss before convertible preferred share dividends of $446.5 million for the quarter ended December 31, 2005 compared to net income before convertible preferred share...
IAG Reports $340.7 Million 6 Month Profit; To Return $147.8 Million; S&P Sees No Rating Change
Feb 23 2006 // Insurance Australia Group Ltd. (IAG), the country’s biggest auto and home insurer, posted a six-month profit for the period ended Dec. 31, 2005 of A$461 million (US$340.7 million). However, overall policy sales...
QBE Reports 2005 Profits Up 27% to $806 Million
Feb 23 2006 // The directors of Australia’s QBE Insurance Group Limited announced that net profit after tax for the 2005 financial year increased by 27 percent to A$1.091 billion (US$806 million). Profit before tax was up 37...
SeaBright Insurance Sees Q4 Net Income of $6.3M
Feb 22 2006 // Seattle-based SeaBright Insurance Holdings Inc. reported results for the fourth quarter and year ended Dec. 31, 2005. For the fourth quarter of 2005, net income was $6.3 million or $0.38 per diluted share compared to net...
Midland Company Reports Strong Fourth Quarter Earnings
Feb 22 2006 // Cincinnati-based The Midland Company, a provider of specialty insurance products and services, today reported fourth quarter 2005 net income of $20.0 million, or $1.03 per share, including 3 cents in realized capital...
State Auto Financial Reports 2005 Net Income Up 14%
Feb 21 2006 // Columbus, Ohio-based State Auto Financial Corporation reported that revenue for the year 2005 was $1.14 billion, up from $1.09 billion for the same 2004 period. For the year 2005, State Auto achieved record net income of...
Homeowners Insurers to Pay 15% of 2004 Earnings to La. Citizens
Feb 21 2006 // Insurance companies have until May to decide whether to hike their homeowners rates 15 percent in Louisiana, to make up for losses caused by Hurricanes Katrina and Rita. The firms must pay 15 percent of their 2004 earnings...
Nonprofits invite new exposures when they act like for-profits<t0h95z10>
Feb 20 2006 // As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fund raising, employment practices and even marketing of services after for-profit businesses. According to a...
The facts about credit information and insurance
Feb 20 2006 // The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 20 2006 // As is obvious from a perusal of newspaper articles and legal journals, the devastating damage throughout the entire Gulf Coast Region from the recent hurricane season has raised numerous legal issues regarding insurance...
Often overlooked, accurate insurance-to-value should be a priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken...
Nonprofits invite new exposures when they act like for-profits
Feb 20 2006 // As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fundraising, employment practices and marketing of services after for-profit businesses. According to a recent...
Nonprofits invite new exposures when they act like for-profits
Feb 20 2006 // As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fundraising, employment practices and marketing of services after for-profit businesses. According to a recent...
Often overlooked, accurate insurance-to-value should be priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks assumed. Adequate ITV should not be taken lightly. If...
Often overlooked, accurate insurance-to-value should be a priority
Feb 19 2006 // There often are not many incentives for agents and brokers to calculate accurate property and business interruption values. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value...
Nonprofits invite new exposures when they act like for-profits
Feb 19 2006 // The risk to nonprofits may actually exceed that facing for-profits because nonprofits may have smaller budgets, less financial and legal help, and undefined employment practices. As they face pressure to do more with less,...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 19 2006 // In general, “Valued Policy” statutes require an insurer to ascertain the value of the property being insured at the time a policy is written and to pay that value to the insured when there is a total loss. As...
Often overlooked, accurate insurance-to-value should be priority
Feb 19 2006 // Inadequate ITV is not just a problem for the insurance industry – it also can be detrimental to policyholders. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV)...
