Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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....
Kan. Storm Losses Exceed $215 Million
Aug 4 2003 // Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $215 million in losses of insured property and crops during April through June. “We saw a lot of damage in a...
Insure the Game You Love to Play
Aug 4 2003 // Like most other industries, clubs have been impacted a great deal by the hardening market. While recent pricing has improved slightly, clubs still face pricing, stability and consistency issues with respect to their...
Zenith Announces Second Quarter Results
Aug 1 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $18.4 million, or $0.97 per share, for the second quarter of 2003 compared to net income of $6.5 million, or $0.34 per share, for the...
White Mountains Continues Strong Growth in Book Value
Aug 1 2003 // Bermuda-based White Mountains Insurance Group, Ltd. ended the second quarter of 2003 with a fully converted tangible book value per share of $281, an annualized increase of 18 percent (including dividends) from $259 at...
Fremont General Reports Increase in Quarterly Net Income
Aug 1 2003 // Santa Monica-based Fremont General Corporation reported net income from continuing operations of $46,787,000 for the second quarter of 2003. This represents an increase of 99 percent, as compared to net income of...
AFG Posts $30 Million Q2 Profit
Aug 1 2003 // Cincinnati-based carrier American Financial Group Inc. reported second-quarter net earnings of of $30.5 million (44 cents per share). The results included an after-tax charge of $28.5 million (41 cents per share) for the...
Bowman Specialty Services Names Kadel Loss-Control Chief
Jul 31 2003 // Michael Kadel has been named director of technical services by Bowman Specialty Services, LLC, a loss-control and safety-engineering firm in New York City. Kadel is a former captain with the New York City Department....
