Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Horace Mann’s Reserve Boost Drops Earnings 37 Cents Per Share
Oct 31 2003 // Springfield, Ill.-based insurer Horace Mann Educators Corp. announced that its net income for the third quarter and nine months ended Sept. 30, 2003, was negatively affected by approximately 57 cents per share due to...
Fla. Agent Facing Felony Charge, Loss of License
Oct 31 2003 // A Florida insurance agent has lost his license and is facing a felony charge after more than $180,000 allegedly was stolen by his son, a former insurance agent who previously had reportedly been banned from the industry...
Quotesmith.com Narrows Q3 Loss to $319,000
Oct 31 2003 // Darien, Ill.-based online broker Quotesmith.com Inc., owner of insure.com, announced financial results for the third quarter ended Sept. 30, 2003. “Quotesmith.com made substantial progress in the third quarter...
American National Sees 39% Increase in Q3 Net Income
Oct 30 2003 // American National Insurance Company, based in Galveston, Texas, reported third quarter 2003 net income of $43,960,000 ($1.66 per share) compared to $31,436,000 ($1.19 per share) for the same period in 2002, an increase of...
Old Republic Reports 14th Straight Earnings Increase
Oct 30 2003 // Chicago-based insurer Old Republic International Corp. reported greater earnings for this year’s third quarter and first nine months. Net income in this year’s third quarter totaled $119.9 million, or 98 cents...
Cincinnati Financial Posts $104 Million Q3 Profit
Oct 30 2003 // Ohio-based insurer Cincinnati Financial Corp. (CFC) reported third-quarter 2003 net income of $104 million, or 64 cents per diluted share, compared with $72 million, or 44 cents per share, in the third quarter of 2002. Net...
eAutoclaims Notes Second Straight Profitable Quarter; Collision Repair Management Drives Profitability
Oct 30 2003 // Florida-based eAutoclaims reportedly just completed its second profitable quarter. Net income for the six-months ended July 31, 2003 totaled $230,102 compared to a net loss of $2,364,056 for the six-months ended July 31,...
The MIIX Group Notes Q3 Results
Oct 30 2003 // Patricia Costante, chairman and CEO of The MIIX Group, Inc., a New Jersey-based provider of medical professional liability insurance services, announced net operating income for the third quarter ended Sept. 30, 2003, of...
XL Reports Q3 Net Income of $99 Million
Oct 30 2003 // Bermuda’s XL Capital Ltd. reported $99 million in net income available to ordinary shareholders for the quarter ended September 30, 2003, or $0.71 per ordinary share, compared with net income of $184.1 million, or...
Argonaut Reports 54% Increase in Q3 2003 Premiums
Oct 29 2003 // San Antonio-based Argonaut Group Inc. announced financial results for the three- and nine-month periods ended Sept. 30, 2003. According to the company, highlights for the third quarter of 2003 include: · The...
Zenith Announces Third Quarter Results
Oct 29 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $16.1 million, or $0.85 per share, for the third quarter of 2003 compared to net income of $8.7 million, or $0.46 per share, for the third...
ACE Reports Strong Q3 Gains; Net Operating Income$304 Million
Oct 29 2003 // Bermuda’s ACE Limited reported a very good third quarter, with net operating income, which excludes gains/losses on investments, rising 105 percent to a record $304 million, or $1.04 per share, compared with $148...
Montpelier Re Reports $91 Million Q3 Net Income
Oct 29 2003 // Bermuda’s Montpelier Re Holdings Ltd. reported net income of $91 million, or $1.34 diluted earnings per share, for the three months to September 30, 2003. The company’s net income for the first nine months of...
Markel Confirms Q3 Loss; 9 Month Profit
Oct 29 2003 // Virginia-based Markel Corporation confirmed the estimates it gave on Oct. 22 that it would suffer a third quarter loss (see IJ Web site Oct. 23). It reported a net loss of $1.68 per diluted share for the quarter ended...
State Auto 3Q Profit Up 165% Over Year-Earlier
Oct 28 2003 // Columbus, Ohio-based insurer State Auto Financial Corp. (STFC) reported third-quarter net income increased to $15.5 million, or 38 cents per diluted share, versus $5.8 million, or 15 cents per diluted share for the same...
W.R. Berkley Corp. Notes 89% Increase in Q3 Net Income
Oct 28 2003 // W. R. Berkley Corporation reported third quarter net income of $76 million, or 87 cents per share, up from $41 million, or 52 cents per share, a year ago. Net operating income for the third quarter of 2003 was $74 million,...
Chubb Reports Q3 Net Income of $259.8 Million; Premiums Jump 23%, Combined Ratio is 96.6%
Oct 28 2003 // The Chubb Corporation reported that net income in the third quarter of 2003 was $259.8 million or $1.37 per share, compared to a net loss of $242.1 million ($1.42 per share) in the third quarter of 2002. Operating income,...
Safeco Produces Strong Underwriting Results in Auto, Homeowners and Surety
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting...
Crawford Notes Q3 and Nine Month Financial Results
Oct 28 2003 // Atlanta-based Crawford & Company announced its financial results for the third quarter ended Sept. 30. Third quarter 2003 revenues before reimbursements totaled $172.2 million compared with $175.9 million in the 2002...
Converium Posts $44.3 Million Q3 Net Income
Oct 28 2003 // Swiss-based Converium Holding Ltd. reported third quarter net income of $44.3 million on net premiums written of $887.4 million, beating analysts’ forecasts, and reversing the $5.6 million loss it reported during the...
