Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Ohio Casualty’s Earnings Down $2.1 Million From Year Ago
Aug 8 2003 // Fairfield, Ohio-based carrier Ohio Casualty Corp. announced second-quarter net income of $11 million, or 18 cents per diluted share, down from a year ago’s $13.1 million, or 21 cents per diluted share. The company...
EMC Reports Q2 Results
Aug 8 2003 // Des Moines, Iowa-based carrier EMC Insurance Group Inc. operating income of 9 cents per share for the second quarter ended June 30, 2003 compared to operating income of 45 cents per share for the second quarter of 2002....
Hallmark Financial Sees Rising Income in Q2
Aug 8 2003 // Fort Worth-based Hallmark Financial Services Inc., reported operating results for the second quarter 2003, noting that net income for the quarter ended June 30, 2003 was $0.4 million or $0.03 per diluted share, as compared...
HCC Reports Strong Q2 Results
Aug 8 2003 // Houston-based HCC Insurance Holdings Inc. released earnings for the second quarter of 2003, reporting that net earnings increased 29 percent for the second quarter of 2003 to $34.7 million from $26.8 million and diluted...
Insurers Expected to Pay $4.9B for Q2 CAT Losses
Aug 8 2003 // U.S. property/casualty insurers are expected to pay policyholders an estimated $4.9 billion for insured property-loss claims from four catastrophic events in the second quarter ― the second-highest second quarter in...
The Hartford Reports Q2 Net Income of $507M
Aug 7 2003 // The Hartford Financial Services Group, Inc. reported net income per diluted share of $1.88 for the second quarter of 2003, up sharply from $0.74 per diluted share in the second quarter of 2002. Net income nearly tripled to...
Aon Revenues Up 15% Over Year Ago
Aug 7 2003 // Chicago-based brokerage Aon Corp. reported that its net income for the second quarter was $146 million or 46 cents per share compared with breakeven results in the year ago period. Six months results increased to $298...
PXRE Q2 Earnings Increase 13%
Aug 7 2003 // PXRE Group Ltd. announced higher profits for the second quarter ended June 30, 2003. PXRE’s net income for the quarter increased 13 percent to $21.5 million from $19.0 million in the second quarter of 2002. Net...
Argonaut Sees 46% Increase in GWP for Q2
Aug 7 2003 // San Antonio-based Argonaut Group Inc. announced financial results for the three- and six-month periods ended June 30, 2003, noting that the group’s gross written premium during the second quarter increased to $199.5...
CNA Financial Reports Q2 Net Income of $70M; Reductions in Workforce to Occur
Aug 7 2003 // CNA Financial Corporation reported net income for the second quarter of 2003 of $70 million, or $0.25 per share, as compared with net income of $31 million, or $0.14 per share, for the same period in 2002. Net income for...
Selective Insurance Group Reports Q2 Earnings
Aug 6 2003 // New Jersey-based Selective Insurance Group, Inc. reported a 140 percent increase in net income to $19.7 million, or $0.72 per diluted share, for the second quarter ended June 30, 2003, compared with $8.2 million, or $0.31...
PMA Capital Notes Q2 Earnings
Aug 6 2003 // Philadelphia-based PMA Capital announced net income of $12.2 million, or 39 cents per diluted share, for the second quarter of 2003, compared with a net loss of $29.7 million, or 95 cents per diluted share, for the second...
Demotech Makes Loss Reserve Development Information Available
Aug 6 2003 // In the 24-month period from Dec. 31, 2000 through Dec. 31, 2002, the property and casualty industry strengthened prior period loss and loss adjustment expense reserves by approximately $40 billion. Traditionally the...
Horace Mann Stops the Bleeding
Aug 6 2003 // Springfield, Ill.-based Horace Mann Educators Corp. reported net income of $2.1 million (5 cents per share) and $10.2 million (24 cents per share), respectively, for the three and six months ended June 30, 2003, compared...
Vesta Reports Cat Losses for Second Quarter
Aug 6 2003 // Birmingham, Ala.-based Vesta Insurance Group Inc. reported a net operating loss from continuing operations of $5.4 million, or $(0.16) per share in the second quarter of 2003 compared to a net operating loss from...
Max Re Capital Ltd. Reports 2ndQ Net Income of $0.81 per Diluted Share
Aug 5 2003 // Bermuda-based Max Re Capital Ltd. reported net income for the three months ended June 30, 2003 of $30.8 million, or net income of $0.81 per diluted share, compared to a net loss of $5.0 million, or a net loss of $0.13 per...
Arch Capital Group Ltd. Reports 2003 2ndQ Results
Aug 5 2003 // Arch Capital Group Ltd. reported that net income for the 2003 second quarter was $61.8 million, or $0.91 per share, compared to $19.2 million, or $0.33 per share, for the 2002 second quarter. Net income for the six months...
PartnerRe Ltd. Reports Record 2ndQ and First Half 2003 Results
Aug 5 2003 // PartnerRe Ltd. reported record results for the second quarter and first half of 2003. PartnerRe president & CEO Patrick Thiele, commented, “We had an exceptional second quarter. In addition to setting a new...
Reinsurance, Investments Sink CNA Profit 20%
Aug 5 2003 // Chicago-based carrier CNA Surety Corp. reported a second-quarter profit of $10.3 million, or 24 cents per share, down from last year’s second quarter profit of $12.9 million, or 30 cents per share. CNA attributed the...
Hub Posts Strong Q2 Growth
Aug 4 2003 // Chicago-based brokerage Hub International Ltd. reported strong growth in the second quarter and first half of 2003, leading the company to update its earnings guidance for the full year. All financials are reported in U.S....
