Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
PMA Capital Posts $96.4 Q3 Loss, Chairman, CEO Step Down
Nov 7 2003 // PMA Capital announced a net loss of $96.4 million, or $3.08 per diluted share, for the third quarter of 2003, compared with net income of $9.4 million, or 30 cents per diluted share, for the third quarter of 2002. For the...
HCC Sees Record 3Q 2003 Results
Nov 7 2003 // Houston-based HCC Insurance Holdings Inc. reported that earnings for the third quarter and first nine months of 2003 increased by 58 percent and 39 percent respectively. Net earnings for the third quarter of 2003 rose to...
The Hartford Reports Q3 Net Income of $343 Million
Nov 6 2003 // The Hartford Financial Services Group, Inc. reported net income per diluted share of $1.20 for the third quarter of 2003, up from $1.06 per diluted share in the third quarter of 2002. Net income increased 29 percent to...
AXIS Reports $147 Million Q3 Net
Nov 6 2003 // Another of Bermuda’s newer insurers, AXIS Capital, has reported excellent third quarter results. The company announced that its net income for the period rose to $147 million, or $0.90 per diluted share, compared to...
Aegon Posts $533 Million Q3 Net Profit
Nov 6 2003 // Aegon N.V., the Netherlands-based financial group, announced that its third quarter net income was 464 million euros ($533 million), compared to 429 million euros ($493 million) in the third quarter of 2002. For the first...
Aon Posts 3Q, Nine-Month Results
Nov 6 2003 // Chicago-based Aon Corp., the No. 2 broker in the world, has reported third-quarter and nine months 2003 results. Third-quarter net income from continuing operations was $140 million, or 44 cents per share, compared with...
EMC Posts Record 3Q Growth
Nov 6 2003 // Des Moines, Iowa-based carrier EMC Insurance Group Inc. reported operating income of 49 cents per share for the third quarter ended Sept. 30, 2003, compared to 46 cents per share for the third quarter of 2002. Operating...
Selective Group Unveils Q3 Numbers, Notes Favorable Performance
Nov 5 2003 // New Jersey-based Selective Insurance Group, Inc. reported net income of $14.7 million, or $0.53 per diluted share, for the third quarter ended Sept. 30, 2003, up from $11.1 million, or $0.41 per diluted share for the same...
Endurance Specialty Reports Q3 Net up 96% to $56.5 Million
Nov 5 2003 // Bermuda’s Endurance Specialty Holdings Ltd. joined the parade of the island’s insurers who’ve been having a banner year. The company reported third quarter 2003 net income of $56.5 million or $0.83 per...
Max Re Reports $38.8 Million Q3 Net
Nov 4 2003 // Bermuda’s Max Re Capital Ltd. reported net income for the three months ended September 30, 2003 of $38.8 million, or $0.89 per diluted share, compared to a net loss of $14.3 million, or $0.37 per diluted share, for...
AFG’s 3Q Earnings Down 14% From Year Earlier
Nov 3 2003 // Cincinnati-based insurer American Financial Group (AFG) reported net earnings for the 2003 third quarter of $41.6 million, or 59 cents per share. These results include an after-tax charge of $23.1 million, or 33 cents per...
LKQ Posts 16% Growth Over Last 3Q
Nov 3 2003 // Chicago-based OEM auto parts provider LKQ Corp. reported results for its third quarter ended Sept. 30, 2003, with revenue of $83.5 million and net income of $3.5 million, representing growth over the third quarter of 2002...
Fairfax Financial Reports Q3 Loss, Nine Month Earnings Gain
Nov 3 2003 // Toronto-based Fairfax Financial Holdings Limited continued to post strong operating results for the first nine months of 2003 with record net earnings of $380 million for the period. The company announced, however, that...
Allied World Reports $71.6 Million Q3 Net
Nov 3 2003 // One of Bermuda’s newer insurers, Allied World Assurance Holdings, Ltd., is doing very well. It reported net income of $71.6 million for the third quarter 2003, compared to $40.9 million for the third quarter last...
ISO REPORTS INSURERS’ Q3 CAT LOSSES ESTIMATED AT $2.9 BILLION:
Nov 3 2003 // Insurers are expected to pay $2.9 billion to homeowners and businesses for insured property losses from seven catastrophic events in the third quarter of this year—up more than 300 percent from the year-ago...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
The Reinsurance World 2003 – Capacity, Profitability and ‘The Cycle’
Nov 3 2003 // A year ago the reinsurance world had an optimistic side most companies had survived their exposures to 9/11 and premiums were rising. A pessimistic side reflected a 25 percent decline in capacity, thus limiting new...
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...
