Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
St. Paul Travelers Reports $303M Q4 Profit
Feb 8 2005 // The St. Paul Travelers Cos. recently reported net income of $303 million for the quarter ended Dec. 31, 2004, or 45 cents per basic share and 44 cents per diluted share, compared to $489 million, or $1.13 per basic share...
Minn. DOI: Higher LTC Rates Due to Lower Lapse Rates and Investment Income
Feb 8 2005 // Premiums have increased for some long-term care insurance policies issued to Minnesota consumers largely because policyholders are maintaining their coverage and interest rates have decreased in recent years. Those...
AXIS Capital Sees Net Income of $495M for Year Ended
Feb 8 2005 // Bermuda-based AXIS Capital Holdings Ltd. has reported net income for the year ended Dec. 31, 2004 of $495.0 million, or $2.98 per diluted share, compared to $532.3 million, or $3.42 per diluted share, for the year ended...
Zurich Estimates Tsunami, Hurricane Losses at $185M
Feb 7 2005 // Zurich Financial Services Group (Zurich) expects claims related to the tsunami that struck South Asia on Dec. 26, 2004 to cost approximately $65 million after tax and net of reinsurance. The aggregate amount of expected...
Mercury General Announces 4Q Results
Feb 7 2005 // Los Angeles-based Mercury General Corporation reported net income of $74.1 million ($1.36 per share- diluted), in the fourth quarter 2004 compared with $49.2 million ($0.90 per share-diluted), in the same period for...
The Facts About Credit Information and Insurance
Feb 7 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...
PXRE Q4 Net Up 18%; But Full Year Down 76%
Feb 4 2005 // The Bermuda-based PXRE Group posted solid results in the fourth quarter with net income up 18 percent to $32.8 million, or $1.09 per diluted share, compared to $27.8 million, or $1.14 per diluted share, in the fourth...
Argonaut Group Reports Higher Revenues, Lower Net Income for 4Q 2004
Feb 4 2005 // San Antonio-based Argonaut Group Inc. announced financial results for the three months and year ended Dec. 31, 2004, reporting a decrease in net income for fourth quarter 2004 compared with the same period the previous...
ACE Q4 Earnings Hit by $302 Million Reserve Charge; Full Year Net Down 20%
Feb 3 2005 // Bermuda’s ACE Limited confirmed earlier earnings announcements when it posted net income for the fourth quarter ended Dec. 31, 2004 of $282 million or 94 cents per common share after payment of preferred dividends,...
Schinnerer’s Not-for-Profit D&O Program Adds Stand-Alone Fiduciary Coverage
Feb 3 2005 // Victor O. Schinnerer & Company’s Not-for-Profit D&O Program has added another coverage line to its portfolio: stand-alone fiduciary coverage. The policy offers fiduciary liability coverage for any employee...
Quotesmith.com Narrows Q4 Loss to $116,000
Feb 2 2005 // Darien, Ill.-based direct life Internet broker Quotesmith.com saw its fourth-quarter revenues double last year’s results but it still reported a $116,000 loss for the period. Revenues were up to $4.4 million from...
Chubb Reports Year-End, 4Q Results Up; Premium Volume Grows 5% for 2004
Feb 2 2005 // The Chubb Corporation reported that its net income in the fourth quarter 2004 jumped to $467.6 million compared to $72.3 million in the fourth quarter 2003. Property/casualty net premiums written in the fourth quarter of...
Everest Re Posts $94.7 Million Q4 Operating Income; $425.3 Million Full Year
Feb 1 2005 // The Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2004 after-tax operating income – which excludes realized capital gains and losses – of $94.7 million, or $1.66 per diluted share, a 20.2 percent...
IPC Holdings Estimates $60 Million Q4 Cat Loss Impact
Feb 1 2005 // Bermuda-based IPC Holdings, Ltd. announced that its fourth quarter, 2004 results will be adversely impacted by catastrophe losses, arising primarily from revised estimates with respect to the third quarter Florida...
Zenith Announces Fourth Quarter Results
Feb 1 2005 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $43.7 million, or $1.83 per share, for the fourth quarter of 2004 compared to net income of $20.8 million, or $0.92 per share, for the...
Sierra Reports Year-End, 4Q 2004 Results
Jan 31 2005 // Nevada-based Sierra Health Services Inc. reported that income from continuing operations for the quarter ended Dec. 31, 2004 was $27.9 million, or $0.83 per diluted share, compared to income from continuing operations of...
Tsunami Losses Less Than $4B Reports RMS
Jan 31 2005 // Risk Management Solutions (RMS) has announced estimates that insured losses from the 2004 Southeast Asia earthquake and tsunami will be less than $4 billion, based on the information available within the first three weeks...
AXA Notes 1% Gain in Full Year Revenues
Jan 28 2005 // France’s AXA Group reported from Paris that its consolidated revenues were 72.2 billion euros ($94.4 billion) for full year 2004. “On a comparable basis, revenues grew by 2 percent compared to full year...
The Hartford Sees 37% Gain in Q4 Net Income to $620M
Jan 28 2005 // The Hartford Financial Services Group Inc. reported a 37-percent increase in fourth quarter 2004 net income to $620 million, or $2.08 per diluted share, hitting an all-time quarterly record. Net income in the current...
Best Comments on Munich Re’s Revised Earnings
Jan 26 2005 // A.M. Best Co. has commented that the financial strength rating of A+ (Superior) (with a stable outlook) and the issuer credit rating of “aa” (with a negative outlook) of Muenchener Rueckversicherungs (Munich...
