Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Revenues Increase in Q2 for APS
Aug 15 2003 // Austin, Texas-based American Physicians Service Group Inc. (APS) announced that revenues increased for both the second quarter and the six month period that ended June 30, 2003. For the three months ended June 30, 2003,...
I.I.I. Expects Northeast Blackout Losses to be Modest
Aug 15 2003 // Based on past experience, the insurance implications of the Northeast blackout are likely to be modest, according to the Insurance Information Institute in New York. No specific dollar figure was available as of Thursday...
I.I.I. Says Most Companies Have Cyber-Risk Gaps in Their Coverage
Aug 14 2003 // As companies become more dependent on their computer networks for vital data, business continuity and communications, their vulnerability to cyber catastrophes reportedly increases. “Unfortunately, most companies are...
Allianz Posts Strong 1st Half Results, $115 Million Profit
Aug 14 2003 // Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The...
ING Group Reports $2.362 Billion First Half Operating Profit
Aug 14 2003 // The Netherlands ING Group, one of the world’s largest integrated financial services companies, reported operating net profit of U.S. $2,362 million/EUR 2,068 million for the first six months of 2003, a 6.4 percent...
Q2 Net Income Rises for FPIC
Aug 14 2003 // FPIC Insurance Group Inc. of Jacksonville, Fla., reported net income of $3.5 million, or $0.37 per diluted share, for the second quarter 2003, compared to net income of $2.6 million, or $0.27 per diluted share, for the...
SCOR Posts 18% Drop in 1st Half Premium Income
Aug 13 2003 // France’s SCOR Group reported 2.069 million euros ($2.34 billion) in gross written premiums for the first half of 2003, compared to 2.51 billion euros ($2.84 billion) for the same period in 2002, almost an 18 percent...
Platinum Underwriters Posts $26.6 Million Q2 Net Income
Aug 13 2003 // Bermuda-based Platinum Underwriters Holdings, Ltd. reported second quarter net income of $26.6 million, and basic and diluted net income per common share for the quarter of $0.62 and $0.57, respectively. Board Chairman...
ProAssurance Sees Increased Profits in Q2
Aug 13 2003 // ProAssurance Corp. of Birmingham, Ala., reported significant increases in premiums, income and earnings per share for the quarter and six months that ended June 30, 2003. In addition, according to the company the...
Berkshire Hathaway Says Profit Doubles
Aug 12 2003 // Berkshire Hathaway Inc. said on Friday second-quarter profit more than doubled, helped by rising insurance rates and investment gains from U.S. government bond sales. The Omaha, Neb.-based company, whose patchwork of...
Weak Equity Markets Hit AXA 1st Half Net Earnings, Down 75%
Aug 12 2003 // Despite a solid operating performance which saw a 6 percent rise in underlying earnings to 1.1 billion euros ($1.25 billion) France’s AXA Group posted a sharp decline in net earnings to 209 million euros ($237...
Meadowbrook Posts $2.7 Million Q2 Profit
Aug 11 2003 // Southfield, Mich.-based carrier Meadowbrook Insurance Group second-quarter net income of $2.7 million, or 9 cents per diluted share, compared to $122,000, or 1 cents per diluted share a year ago. The company said the...
APCapital Turns a Profit
Aug 11 2003 // East Lansing, Mich.-based medical liability and workers’ compensation carrier American Physicians Capital Inc. reported net income of $1.1 million, or 12 cents per diluted share for the second quarter of 2003,...
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...
