Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Chubb Notes Record 1stQ Net Income of $224.6M
May 1 2003 // The Chubb Corporation reported that net income in the first quarter of 2003 was a record $224.6 million, a 13.3 percent increase over net income of $198.2 million in the first quarter of 2002. Net income per share...
Montpelier Re Reports $103.8 Million Q1 Net Earnings
May 1 2003 // Montpelier Re Holdings Ltd. reported net earnings of $103.8 million, or $1.56 diluted earnings per share, for the three months to March 31, 2003, compared to $18.7 million, or 36 cents per share, for the first quarter of...
Baldwin & Lyons Operating Income Up 25%
May 1 2003 // Indianapolis, Ind.-based Baldwin & Lyons Inc. announced record first quarter operating income, defined as net income before capital gains or losses, of $6.1 million, or 42 cents per share, compared to the previous...
Quotesmith.com Reports $413,000 First-Quarter Loss
May 1 2003 // Darien, Ill.-based Quotesmith.com Inc. announced financial results for the first quarter ended March 31, 2003. Quotesmith.com reported revenue of $2.6 million for the first quarter of 2003, which is equivalent to the...
IICF Celebrates 10 Years of Service to Calif. Non-Profits
May 1 2003 // The Insurance Industry Charitable Fund (IICF) will celebrate a decade of community service resulting in more than $5.5 million in grants to nonprofit groups across California on Friday, May 2, at San Francisco City...
St. Paul Reports Profit Up 36.1% From Year Earlier
Apr 30 2003 // The St. Paul Cos. announced first-quarter 2003 net income of $181 million, or 75 cents per share, up 36.1 percent from first-quarter 2002 net income of $133 million, or 60 cents per share. First-quarter 2003 operating...
State Auto Financial Profit Up 60% Over First Quarter 2002
Apr 30 2003 // Columbus, Ohio-based State Auto Financial Corp. announced record net earnings of $21.1 million for the first quarter of 2003. GAAP net earnings were 53 cents per diluted share, versus 33 cents for the same period last...
Vesta Reports Improvements in 1st Qtr. Results
Apr 30 2003 // Birmingham, Ala.-based Vesta Insurance Group Inc. reported that for the first quarter 2003, its non-standard auto unit generated $4.9 million in net income and its standard auto division brought down its combine ratio to...
McIntyre Group Completes Strong First Quarter Agency’s Revenue Puts Growing Firm in Top Ten Percent
Apr 30 2003 // The McIntyre Group reported today that it had completed a very successful first quarter in terms of revenue generation, new national accounts written and retention of existing business. Despite the relatively flat economy,...
Calif. Regulatory Advisory Threatens Use of Loss History Databases, Says ACIC
Apr 29 2003 // A California Department of Insurance Advisory Notice significantly restricts homeowners insurance underwriting and, if fully implemented, reportedly could result in fewer choices and higher prices for consumers in the...
XL Capital Posts $240 million Q1 Net Income
Apr 29 2003 // Bermuda’s XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended March 31, 2003 of $239.9 million, or $1.74 per ordinary share, compared with net income of $89.5 million, or...
Converium Reports Decrease in Q1 Net Profit to $25.5 Million
Apr 29 2003 // Converium, the Swiss-based reinsurance group, spun off by Zurich Financial Services at the end of 2001, posted an 11.1 percent decline in net profit for the first quarter of 2003 of $25.5 million, compared to $28.7 million...
PartnerRe Previews Q1 Results; to Redeem Preferred Shares
Apr 29 2003 // Bermuda-based PartnerRe Ltd. announced that it expects to report first quarter diluted net income per share between $2.20 and $2.24 and diluted operating earnings per share between $1.48 and $1.52. The estimates meet, or...
W.R. Berkley Corp. Reports 1stQ Net Income Doubles to $71.7M
Apr 28 2003 // W. R. Berkley Corporation reported first quarter net income of $72 million, or $1.25 per share, up from $34 million, or 66 cents per share, a year ago. Net operating income for the first quarter of 2003 was $63 million, or...
Ohio Casualty Announces Range of Expected First Quarter Earnings
Apr 28 2003 // Ohio Casualty Corp., the holding company for Ohio Casualty Insurance Co., expects to report net income per share of 31 to 35 cents for the first quarter 2003. This net income per share estimate includes about 21 cents per...
Harleysville Group Posts $3.24 Million Q1 Loss
Apr 28 2003 // The Pennsylvania-based Harleysville Group confirmed earlier announcements that it has suffered a $3.24 million first quarter net loss, compared to a $13.34 million profit for the same period in 2002. Higher than expected...
Safeco Posts First Underwriting Profit in Four Years
Apr 28 2003 // Safeco reported first-quarter net income of $90.0 million, or $0.65 per diluted share in a release today. The numbers mark a significant improvement over the same period in 2002, when Safeco generated net income of $63.6...
Crawford & Co. Revenues Slide in 1st Quarter 2003
Apr 25 2003 // Crawford & Company announced its financial results for the first quarter ended March 31, 2003, noting that revenues before reimbursements totaled $167.3 million compared with $171.8 million in the 2002 first quarter....
Gallagher Profit Down 64.7%, Revenues Up 22%
Apr 25 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co.’s first-quarter net income dropped by 64.7 percent in the first quarter to $11.9 million, while the firm reported $254.3 million in revenues, up by 22...
Erie Indemnity Q1 Net Up Slightly, Despite Operating Losses
Apr 25 2003 // Pennsylvania-based Erie Indemnity Company’s announcement of its first quarter results for 2003 contained both good and bad news. While net income increased by 3.8 percent or $1.7 million to $45.9 million, up from...
