Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Pa. Hospitals Paying 2.6% of Patient Revenues for Med-Mal Expenses
May 9 2005 // Pennsylvania’s 182 general acute care hospitals reported a total of $636 million in medical malpractice expenses in fiscal year 2004, according to a research report from the Pennsylvania Health Care Cost Containment...
AIA: LOSS HISTORY BILL GOES TOO FAR
May 9 2005 // The American Insurance Association said that North Dakota’s Senate Bill 2186 goes too far in regulating the use of loss history reports for homeowners insurance and plans to ask Republican Gov. John Hoeven to veto...
The Facts About Credit Information and Insurance
May 9 2005 // 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...
Purmort Insurance Agency’s Family Tree’s Roots Go Back to 1876
May 9 2005 // When I stepped from the hot sunshine and left the traffic speeding along Sarasota, Fla.’s busy Bee Ridge Road into Al Purmort Insurance Agency Inc.’s cool air-conditioned lobby, it was like taking a step back...
How to Own an Insurance Company
May 9 2005 // Purchasing a Shell Could be a Smart Move for Some Profit-Seeking Brokers Oft times, managing general agents, wholesalers and insurance brokers feel they are inadequately compensated for the important services they provide...
Argonaut Group Reports Strong Results for Q1 2005
May 6 2005 // San Antonio-based Argonaut Group Inc. announced financial results for the three months ended March 31, 2005, reporting increased income and lower combine ratio compared with the first quarter of 2004. Highlights for the...
RTW Reports 13th Consecutive Profitable Quarter
May 5 2005 // Minneapolis-based RTW Inc., a leading provider of products and services to cost-effectively manage both insured and self-insured workers’ compensation programs, reported net income for the first quarter ended March...
Kingsway Grows Net Income by 52%
May 5 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results in Canadian dollars for the first quarter ended March 31, 2005. The company has decided to defer its change to U.S. dollar reporting until the end...
NCCI State of the Line Report: Workers’ Comp Combined Ratio Best Since 1997
May 5 2005 // The workers’ compensation calendar year combined ratio dropped four points to 105 percent, the best performance for the first time since 1997, according to NCCI Holdings Inc.’s State of the Line preliminary...
St. Paul Travelers Q1 Increase Sets Record; Fishman Pleased with Start to the Year
May 4 2005 // St. Paul Travelers Companies Inc. on Wednesday reported income from continuing operations of $877 million for the quarter ended March 31, 2005, or $1.31 per basic share and $1.25 per diluted share, compared to $587...
Pa. Hospitals Paying 2.6% of Patient Revenues for Med-Mal Expenses
May 3 2005 // Pennsylvania’s 182 general acute care hospitals reported a total of $636 million in medical malpractice expenses in fiscal year 2004, according to a research report from the Pennsylvania Health Care Cost Containment...
MMC Unveils Q1 Numbers; Cherkasky: Steps Taken to Make Us Stronger
May 3 2005 // Marsh & McLennan Companies Inc. (MMC) on Tuesday reported financial results for the quarter ended March 31, 2005. Consolidated revenues totaled $3.2 billion, and net income was $134 million, or $.25 per share. These...
Aon Reports Q1 Net Income of $200M
May 3 2005 // Chicago-based Aon Corp. has reported first quarter 2005 net income of $200 million or $0.59 per share, increasing 18% and 16%, respectively, from the first quarter of 2004. Income from continuing operations was $200...
Meadowbrook Insurance Group Notes Q1 Net Income of $3.8M
May 3 2005 // Michigan-based Meadowbrook Insurance Group has reported net operating income for the quarter ended March 31, 2005 of $3.8 million, or $0.13 per diluted share, compared to net operating income of $3.3 million, or $0.11 per...
Ohio Casualty Reports Q1 Net Income Up 96%
May 2 2005 // Property/casualty insurer Ohio Casualty Corp. reported first-quarter net income of $37.7 million, or 55 cents per diluted share, versus $19.2 million, or 31 cents per diluted share in the first quarter of 2004. The...
Max Re Reports $6.2 Million Q1 Net Income Decrease
May 2 2005 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended March 31, 2005 of $36.8 million, or $0.74 per diluted share, compared to net income of $43.0 million, or $0.87 per diluted share, for the...
AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls
May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...
Mercury General Corporation Announces 1Q Results
May 2 2005 // Los Angeles-based Mercury General Corporation reported net income of $60.4 million, or $1.10 per share (diluted), in the first quarter 2005 compared with $68.8 million, or $1.26 per share (diluted), in the same period for...
Fairfax Financial Q1 Net Falls 9.74% to $35.2 Million;* Operating Income Up 21.4% to $104.3 Million
Apr 29 2005 // Canada’s Fairfax Financial Holdings Limited announced net earnings of $35.2 million for the first quarter of 2005, compared to $39 million in Q1 2004, a 9.74 percent decrease. Pre-tax operating earnings rose by 21.47...
Endurance Q1 Net Income Drops to $96.3 Million on Reserve Increases
Apr 29 2005 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $96.3 million or $1.45 per diluted share for the first quarter of 2005 versus net income of $100.9 million or $1.47 per diluted share in the first...