Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
ACE Posts $237 Million Q4 Net Profit; Over $1 Billion Full Year
Feb 1 2006 // At least one Bermuda-based company seems to have weathered the storms of 2005 reasonably well. Ace Limited reported $237 million net income for the fourth quarter – a 15 percent drop from 2004 – and $1.029...
Chubb Sees Q4 Net Income of $614M; Up from 2004 Performance
Jan 31 2006 // The Chubb Corp. reported that net income in the fourth quarter of 2005 was $614 million or $2.92 per share, compared to $468 million or $2.39 per share in the fourth quarter of 2004. Operating income, which the company...
Hanover Boasts Big Jump in Q4
Jan 31 2006 // The Hanover Insurance Group Inc., based in Worcester, Mass., reported a big increase in net income for the fourth quarter of $114.5 million, or $2.11 per share, compared to net income of $63.1 million, or $1.18 per share...
AXA Reports Strong Q4 Earnings; Annual Revenue up 6.9%
Jan 27 2006 // France’s AXA Group reported excellent results for the last quarter of 2005 and a full year increase in gross revenues of 6.9 percent. Overall sales rose from €67 billion ($33.72 billion) in 2004 to €71.7 billion...
NAMIC Works with Indiana Farm Mutuals to Correct Tax Code Mistake
Jan 27 2006 // The National Association of Mutual Insurance Companies and the Mutual Insurance Companies Association of Indiana are working together to address a mistake in Indiana’s 2002 tax code revision which erroneously raised...
RLI Sets Record Year; Exits Construction Market
Jan 26 2006 // Peoria, Illinois-based RLI Corp. recently reported record 2005 net earnings, while at the same time announcing the company’s decision to exit the construction market. RLI said that net earnings were $107.1 million...
The Hartford Sees Q4 2005 Net Income of $474 Million
Jan 26 2006 // The Hartford Financial Services Group Inc. reported fourth quarter 2005 net income of $474 million, or $1.53 per diluted share. The company’s net income reached $2.3 billion for the year, a new record for the...
IPC Holdings Updates 2005 Hurricane Loss estimates to $744 Million
Jan 24 2006 // Bermuda-based IPC Holdings, Ltd. has updated, which is to say increased, the estimated impact on its 2005 results from hurricanes Katrina, Rita and Wilma. “Based upon current analysis, which has been updated using...
Safeco Posts Nearly 5 Percent Revenue Increase
Jan 24 2006 // Seattle-based Safeco has announced its fourth quarter and year-end results. The company reported its net income for the fourth quarter of 2005 was $190.7 million, compared with $179.8 million during the same period the...
EPI Study Says Premium Jumps Mean Job Loss for Low-Skilled Employees
Jan 24 2006 // A study released Tuesday by the Employment Policies Institute (EPI) reveals that as the cost of insurance premiums rise, pressure on businesses to keep labor costs in check results in job loss and involuntary part-time...
Analysts predict faster P/C premium growth, underwriting profit
Jan 23 2006 // Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the year ahead. This year’s survey results indicate...
A seriously shaken reinsurance industry rebuilds
Jan 23 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
2006 looking good already for P/C industry
Jan 23 2006 // ‘The expectation for a third consecutive underwriting profit in 2006 is, of course, predicated on the belief that catastrophe activity will return to more “normal” levels. Record catastrophe losses will...
2006 already looking good for the property/casualty industry
Jan 23 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street...
Earlybird Forecast
Jan 22 2006 // Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s Earlybird Forecast Survey, but the survey of Wall Street stock analysts and...
Earlybird Forecast
Jan 22 2006 // 2006 looking good already for P/C industry Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent Earlybird Forecast Survey, but...
Earlybird Forecast
Jan 22 2006 // Fortunately for insurers, 2006 will likely feature far fewer screaming headlines announcing investigations into various insurance industry practices such as broker compensation and finite reinsurance. Each year the...
Reinsurance Outlook
Jan 22 2006 // Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of...
S&P Sees European Securitizations Gaining Acceptance
Jan 19 2006 // Standard & Poor’s newly issued report on Corporate Securitizations notes that these types of transactions are gaining increasing acceptance as a capital management tool by European insurers, with Swiss Re and...
Mercury General Revises Loss Estimates from Hurricane Wilma
Jan 19 2006 // Mercury General Corp. has revised its estimate of losses caused by Hurricane Wilma. On Oct. 24, 2005, Hurricane Wilma made landfall as a Category 3 storm on the southern gulf coast of Florida. The storm crossed the Florida...
