Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
PXRE Preliminary Loss Estimates on Wilma $75 to $90 Million
Nov 10 2005 // The Bermuda-based PXRE Group Ltd. announced that its preliminary estimate of the net impact from Hurricane Wilma is between $75 million and $90 million, net of reinsurance, reinstatement premiums and tax. PXRE said the...
Hannover Re Posts 9 Month Losses over $1 Billion
Nov 10 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, has been hit with a commensurately large share of the losses from Katrina, Rita et. al. The company’s 9 month report notes an “exceptional...
Safeco Sees After-Tax Losses from Wilma at $29 Million
Nov 10 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. These figures...
North Pointe Posts Q3 Results
Nov 10 2005 // North Pointe Holdings Corporation today reported financial results for the third quarter ended Sept. 30, 2005. Net income in the third quarter increased to $511,000 from a loss of $206,000 in the prior year period....
Insurance Auto Auctions Announces Improved Q3 Results
Nov 10 2005 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced record vehicle returns during the third quarter. These results were driven by increased buying...
National Interstate Releases Q3 Results
Nov 9 2005 // National Interstate Corporation reported net income for the third quarter ended September 30, 2005 of $8.2 million ($.43 per share diluted), compared to $4.7 million ($.31 per share diluted) for the third quarter of 2004....
Ind. Tornado Losses Top $10 Million
Nov 9 2005 // Preliminary estimates for insured losses arising from the surprise tornado that struck southern Indiana on Sunday stands at $10 million, according to the Insurance Institute of Indiana. Twenty-two people died and about 230...
Katrina, Rita Hit James River in Q3
Nov 8 2005 // James River Group Inc. in Chapel Hill, N.C. reported a net loss of $9.5 million for the third quarter of 2005 compared to net income of $3.0 million for the third quarter of 2004. The net loss for the third quarter of 2005...
Hallmark Financial Services Sees Increased Revenues in Q3
Nov 8 2005 // Hallmark Financial Services Inc. announced operating results for the third quarter ended Sept. 30, 2005, reporting that total revenues were $25.2 million, a 60.9 percent increase over the $15.6 million in total revenues...
International Newsbriefs
Nov 7 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...
News Briefs
Nov 6 2005 // Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of...
AWAC Post $203.5 Million Q3 Loss; $67.6 Million for 9 Months
Nov 4 2005 // Allied World Assurance Holdings, Ltd. [AWAC] has reported a net loss of $203.5 million for the third quarter of 2005, compared to a net loss of $64.7 million for the same period last year. The figure reflects a $290...
Aon Reports Q3 Results
Nov 3 2005 // Aon Corporation today reported net income of $122 million or $0.36 per share in both the third quarter of 2005 and 2004. Third-quarter 2005 net income from continuing operations increased 7 percent to $121 million or $0.36...
Majority of Hurricane Rita’s $4.7 Billion in Losses Sustained in La., Texas
Nov 2 2005 // The Insurance Council of Texas reported that property and casualty losses from Hurricane Rita are expected to hit $4.7 billion with the majority of losses sustained in Texas and Louisiana. According to the Insurance...
Cincinnati Financial Reports Q3 Results
Nov 2 2005 // Cincinnati Financial reported a 30 percent increase in net income and operating gains of 13.5 percent for third-quarter 2005. Pretax investment income grew 7.7 percent for three months and 6.9 percent for nine months....
Mercer Insurance Group Reports Positive Numbers for Q3
Nov 2 2005 // Mercer Insurance Group Inc. reported its operating results for the quarter and nine months ended Sept. 30, 2005. Mercer Insurance Group Inc. (the Company) offers commercial and personal lines of insurance to businesses and...
Horace Mann Reports Q3 Results
Nov 2 2005 // Horace Mann Educators Corporation today reported net income of $1.0 million (2 cents per share) and $61.2 million ($1.32 per share), respectively, for the three and nine months ended Sept. 30, 2005, compared to a net loss...
Willis Group Unveils Q3 Report
Nov 2 2005 // Willis Group Holdings Limited, the global insurance broker, reported results for the quarter and nine months ended Sept. 30, 2005. Net income for the quarter ended Sept. 30, 2005 was $49 million, or $0.30 per diluted...
Montpelier Re: Net Loss in Q3 of $875M
Nov 2 2005 // Bermuda-based Montpelier Re Holdings Ltd. reported a net loss of $875.1 million, or $12.16 loss per share, for the three months to Sept. 30, 2005 and a net loss of $691.9 million, or $10.49 loss per share, for the first...
Marsh Boosts Profits in 3rd Quarter; Says Restructuring for 2006 on Target
Nov 1 2005 // Marsh & McLennan Companies, Inc. today reported that net income for the third quarter was $65 million, or $.12 per share, an increase from $21 million, or $.04 per share, in the third quarter of 2004 Consolidated...
