Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
New IRC Study Reveals Regional Auto Claim Cost Differences in California
May 12 2004 // According to a new Insurance Research Council (IRC) report, Californians in major cities are more likely than non-metropolitan residents to 1) be involved in auto accidents, 2) have auto insurance losses per insured...
FPIC Insurance Group Unveils Q1 Report
May 11 2004 // Florida-based FPIC Insurance Group Inc. reported that its net income increased to $7.0 million, or $0.68 per diluted share, for the first quarter 2004, up from net income of $2.8 million, or $0.29 per diluted share, for...
AXA Posts 2.3% Increase in Adjusted Q1 revenues; 1.9% Decline in Reported Revenues on Euro’s Rise
May 7 2004 // In a classic “good news/bad news” situation, France’s AXA Group reported first quarter consolidated revenues of 20 billion euros ($24.1 billion), adjusted for currency fluctuations. The figure indicates a...
Argonaut’s Earned Premiums Up, Combined Ratio Down for Q1 2004
May 6 2004 // San Antonio-based Argonaut Group Inc. announced financial results for the three months ended March 31, 2004, reporting that earned premium rose and its combined ratio decreased from the same quarter in 2003. Net income was...
Ohio Casualty’s Q1 Profit Down From Year Ago
May 6 2004 // Fairfield-based insurer Ohio Casualty Corp. announced the following results for its first quarter, compared with the same period of the prior year: Net income of $19.2 million, or 31 cents per diluted share, versus $19.9...
Allianz Reports Strong Q1 Results
May 6 2004 // Germany’s Allianz Group marked the end of the first quarter of 2004 with a surge in operating earnings and profits in all four of its main business segments. The group’s report, posted on its Website, indicated...
Max Re Posts $43 Million Q1 Net
May 6 2004 // Max Re Capital Ltd. joined its compatriots in Bermuda in reporting very good first quarter profits. The company announced that net income for the three months ended March 31, 2004, was 43 million, or net income of $0.87...
RenRe Posts $137.8 Million Q1 Operating Income
May 5 2004 // RenaissanceRe, Bermuda’s premier property reinsurer, reported first quarter operating earnings of $137.8 million compared to $130.2 million in the first quarter of 2003. The company also gave the following additional...
HCC Unveils Record Q1 2004 Results
May 5 2004 // Houston-based HCC Insurance Holdings Inc. released earnings for the first quarter of 2004. Net earnings increased significantly for the first quarter of 2004 to $44.6 million, or $0.68 per diluted share, from $23.8...
P/C Income, Surplus Rise Sharply in 2003
May 3 2004 // The property/casualty insurance industry’s net income after taxes rose to $29.9 billion in 2003—nearly 10 times the industry’s $3 billion in net income in 2002. Benefiting from both the $29.9 billion in net...
Harleysville CEO Encouraged by Q1 Results
Apr 30 2004 // Harleysville Group Inc. (NASDAQ:HGIC) in Pennsylvania reported diluted net income of $0.55 per share in the first quarter of 2004. The company had a diluted net loss of $0.11 per share in the first quarter of...
Report on Mass. Auto Cites Rate Subsidies and Barriers to Entry; Romney to Name Task Force
Apr 29 2004 // A much-anticipated analysis of the Massachusetts private passenger auto insurance system finds that 14 percent of the state’s drivers pay less than loss costs indicate they should, while 86 percent pay more to...
Willis Reports Record Q1 Results – $148 Million Net
Apr 29 2004 // Global insurance broker Willis Group Holdings Limited has reported record results for the quarter ended March 31, 2004. Net income was $148 million, or $0.87 per diluted share, compared with $117 million, or $0.69 per...
St. Paul Travelers Issues Q1 Earnings Report
Apr 29 2004 // The St. Paul Travelers Companies, Inc. reported that net income for the first quarter ended March 31, 2004 increased 73 percent to $587.2 million, or $1.34 per share diluted ($1.35 per share basic) compared to the prior...
Allmerica Reports Improved P&C Earnings for Q1
Apr 28 2004 // Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. reported net income for the first quarter of $12.1 million, or $0.23 per share, compared to net income of $37.1 million, or $0.70 per share in the first...
Red River Services Launches in Texas
Apr 28 2004 // Red River Services recently announced the launch of its risk management, loss control and property inspection business in Houston and Dallas, Texas. The organization is up-and-running, ready to help insurance companies,...
Montpelier Re Notes Net Income of $109 Million During Q1 Report
Apr 28 2004 // Bermuda-based Montpelier Re Holdings Ltd. reported net income of $109.0 million, or $1.59 diluted earnings per share, through March 31, 2004. The change in net unrealized gains on investments was $25.9 million for the...
Zenith Announces First Quarter Results
Apr 28 2004 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $25.1 million for the first quarter of 2004 compared to net income of $11.7 million for the first quarter of 2003. Diluted net income per...
Chubb Posts $360.7 Million Q1 Net
Apr 27 2004 // The Chubb Corporation reported that net income in the first quarter of 2004 was $360.7 million, a 61 percent increase over net income of $224.6 million in the first quarter of 2003. Net income per share increased 44...
Infinity P/C Unveils Q1 Report
Apr 27 2004 // Alabama-based Infinity Property and Casualty Corporation, a national provider of personal automobile insurance with an emphasis on nonstandard auto insurance, reported net earnings for the first quarter of $16.9 million or...
