Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
ISO: Insurers to Pay Policyholders $2.1 Billion for Q1 Catastrophe Losses
Apr 29 2005 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.1 billion for insured property-loss claims from eight catastrophes in the first quarter, according to preliminary estimates by...
Ebix Inc.’s Revenues Rose 50 Percent in Q1
Apr 29 2005 // Atlanta-based Ebix Inc., an international developer and supplier of software and e-commerce solutions to the insurance industry, has reported financial results for the first quarter ended March 31, 2005. For the quarter,...
Willis Group Reports Results from Stockholder Meeting
Apr 29 2005 // Joe Plumeri, chairman and CEO of Willis Group Holdings Ltd., outlined the corporation’s progress through 2004, reflected on sweeping transformations taking place in the global insurance industry and the...
Unitrin Sees Improved Q1 Numbers
Apr 28 2005 // Chicago-based Unitrin Inc. reported net income of $67.9 million ($0.99 per common share) for the first quarter of 2005, compared to net income of $48.0 million ($0.71 per common share) for the same period in 2004. Net...
The Hartford Notes 17% Gain in Q1 Net Income
Apr 28 2005 // The Hartford Financial Services Group Inc. set a new quarterly record with net income of $666 million, or $2.21 per diluted share, in the first quarter of 2005, a 17-percent increase over the prior-year period. Net income...
ACE Q1 Net Down 3% to $433 Million; Operating Profits Rise 7% to $441 Million
Apr 27 2005 // Bermuda’s ACE Limited reported net income for the first quarter ended March 31, 2005 of $433 million or $1.46 per common share after payment of preferred dividends, compared with net income of $447 million or $1.53...
XL Posts $442.9 Million Q1 Net
Apr 27 2005 // Bermuda’s other major insurer, XL Capital Ltd., joined ACE (See previous article) in reporting slightly lower profits for the first quarter of 2005, as it posted net income of $442.9 million or $3.18 per share,...
