Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Hannover Re Q2 Net Up 6%; $284 Million for 1st Half
Aug 11 2005 // Hannover Re reported solid profits in the second quarter of 2005, earning 121.4 million euros ($150.6 million), a 6 percent gain, compared to the 114.6 million euros ($142.2 million) earned in the same period of 2004. The...
Insurance Industry Share of Weather-Related Losses Rising, with 60% Tied to Small Events
Aug 11 2005 // The insurance industry’s share of the world’s total economic losses from weather-related catastrophes is rising and 60 percent of these weather-related losses are attributable to small events as distinct from...
Allianz Announces Q2 Results; Net Income Rises 65% to $1.72 Billion
Aug 10 2005 // Germany’s Allianz announced impressive results for the second quarter of 2005 with gross revenues up 6.6 percent from 22.2 billion euros ($27.4 billion) to 23.7 billion euros ($29.3 billion). Operating profits...
Gallagher, Crist Withdraw Proposed Rule to Give Insurance Companies Higher Profits
Aug 10 2005 // A proposed rule that would have explicitly given insurance companies the option to seek higher profits, scheduled to be approved Tuesday by the Florida Cabinet, was withdrawn on Tuesday by Tom Gallagher, Florida’s...
Wharton Study Recommends Short-Term TRIA Renewal, Study of Long-Term Solution
Aug 10 2005 // A 224-page report from the Wharton School at the University of Pennsylvania recommends that Congress renew the current federal Terrorism Risk Insurance Act backstop but “only for a relatively short period of...
Converium Posts $49.2 Million Pre-tax Q2 Net Income
Aug 9 2005 // Swiss-based Converium bounced back from a $61.8 million first quarter loss to post a profit of $49.2 million before taxes. Pre-tax operating income was $60.7 million and net income amounted to $70.8 million. The company...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
HURRICANE DENNIS LOSSES TOP $10 MILLION
Aug 8 2005 // As claims reportedly continue to pour in, Georgia Insurance Commissioner John Oxendine said insured losses in Georgia from Hurricane Dennis now exceed $10 million. “Damage to insured homes, vehicles and businesses is...
Broadening Club Coverage in a Softening Market
Aug 8 2005 // The softening market has provided some welcome price relief for golf and country clubs, which had weathered significantly higher premiums in the last few years. To agents and brokers writing golf and club business, this is...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
Allied World Assurance Reports Gain in Q2 Income from 2004
Aug 5 2005 // Bermuda-based Allied World Assurance Holdings Ltd. has reported net income of $75.3 million for the second quarter 2005, compared to $69.4 million for the second quarter last year, an increase of 8.4%. Net income for the...
Cincinnati Financial Profits Up in Q2
Aug 4 2005 // Cincinnati Financial Corp. said profit in the second-quarter rose nearly 2 percent, as lower catastrophe losses helped the company surpass analyst estimates. But catastrophe losses are typically worst during the third...
SCPIE Holdings Announces 2005 Second-Quarter and First-Half Results
Aug 4 2005 // Los Angeles-based SCPIE Holdings Inc., a provider of healthcare liability insurance, reported continued improved results for its second quarter and first half ended June 30, 2005. For the 2005 second quarter, SCPIE...
Kingsway Sees 10% Gain in Q2
Aug 4 2005 // Canada-based Kingsway Financial Services Inc. announced financial results for the second quarter and six months ended June 30, 2005 (Canadian dollars except where indicated). Q2 2005 Highlights: * Diluted earnings per...
AFG Posts Q2 Earnings Topping $81M
Aug 3 2005 // Cincinnati, Ohio-based American Financial Group Inc. (AFG) reported net earnings for the 2005 second quarter of $81.6 million ($1.04 per share), significantly above the $55.9 million ($.75 per share) reported for the...
American Safety Insurance Holdings Sees Jump in Q2 Numbers
Aug 3 2005 // Bermuda-based American Safety Insurance Holdings Ltd. has reported that earnings from insurance operations increased to $3.0 million in the second quarter of 2005 from a loss of $1.7 million for the same quarter in...
Horace Mann Notes Q2 Numbers
Aug 3 2005 // Illinois-based Horace Mann Educators Corp. has reported net income of $33.6 million (72 cents per share) and $60.2 million ($1.29 per share), respectively, for the three and six months ended June 30, 2005, compared to net...
Ebix Inc. Reports Q2 ’05 Revenue Rose 31 Percent; OI Rose 61 Percent
Aug 2 2005 // Atlanta-based Ebix Inc., a leading international provider of software services and IT solutions to the insurance industry, reported financial results for the second quarter and six months ended June 30, 2005. Ebix’s...
Marsh Unveils Q2 Report
Aug 2 2005 // Marsh & McLennan Companies Inc. (MMC) has reported financial results for the second quarter and six months ended June 30, 2005. Consolidated revenues for the quarter increased 2 percent to $3.1 billion. Net income was...
Meadowbrook Sees Q2 Gain
Aug 2 2005 // Michigan-based Meadowbrook Insurance Group reported net income for the quarter ended June 30, 2005 of $4.6 million, or $0.16 per diluted share, up 62.4% compared to net income of $2.8 million, or $0.10 per diluted share,...
