Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AIR Estimates $2.2 Billion-Plus Insured Losses to Storms
May 14 2003 // AIR Worldwide Corp., a leading catastrophe modeling company, estimates that losses from the recent outbreak of severe weather in the central United States could exceed the $2.2 billion loss caused by a severe weather...
AXA Reports Q1 Total Revenues at $23.5 Billion
May 13 2003 // AXA, the Paris-based global financial and insurance group, reported slightly lower total revenues for the first quarter of 2003 of 20.431 billion Euros ($23.495 billion), down 3.3 percent in absolute terms compared to the...
Navigators Group Reports 40 Percent Jump in Income
May 13 2003 // The Navigators Group, Inc. reported net income increased 40 percent for the first three months of 2003 to $4,834,000 or $0.55 per share, compared to $3,450,000 or $0.40 per share reported for the same period in 2002. The...
Berkshire Hathaway Profit Up Thanks to Hardened Market
May 13 2003 // Omaha, Neb.-based Berkshire Hathaway Inc. nearly doubled the profit of the first quarter of 2002, thanks to the hardened insurance market. Berkshire reported a net profit of $1.73 billion, or $1,127 a share, compared to...
Strong Growth Drives Record Q1 Results for HCC
May 12 2003 // Houston-based HCC Insurance Holdings Inc. released earnings for the first quarter of 2003, reporting a 30 percent increase in net earnings over the same period in 2002. The company saw first quarter 2003 net earnings of...
Argonaut Group Notes Q1 Results
May 9 2003 // San Antonio-based Argonaut Group, Inc. announced financial results for the three months ended March 31. First quarter highlights: *The company’s Excess & Surplus Lines (E&S) segment reported a 107 percent...
Net Income Up for Hallmark Financial Services
May 9 2003 // Dallas-based Hallmark Financial Services Inc. reported operating results for the first quarter ended March 31, 2003, noting its net income rose to $8.6 million, or $0.75 on a diluted per share basis, compared to a net loss...
Ohio Casualty 1stQ Profit Down 26% From Year Ago
May 9 2003 // Ohio Casualty Corp. announced first-quarter net income of $19.9 million, or 33 cents per share, down 26 percent from $26.9 million, or 44 cents per share a year ago. CEO Dan Carmichael blamed the results on catastrophe...
Meadowbrook Reports $2.8 Million Profit, Expenses Options
May 9 2003 // Southfield, Mich.-based Meadowbrook Insurance Group’s quarterly profit grew more than 200 percent to $2.8 million, or 9 cents per share, compared to $910,000, or 11 cents per share in 2002. The improvement in net...
Kansas City Life Insurance Company First Quarter, 2003 Earnings Release
May 9 2003 // Kansas City Life Insurance Company posted a $0.62 per share net loss in the first quarter 2003, compared with a $0.54 per share net income last year. The net loss of $7.5 million for the quarter is primarily due to...
Seibels Bruce Shows Profit in First Quarter
May 8 2003 // South Carolina’s The Seibels Bruce Group Inc. announced financial results for the quarter that ended March 31, 2003, reporting that the company posted a net profit of $1.4 million, or $0.17 per share (basic and...
PXRE Q1 Earnings Up 30% to $23.6 Million; Jeff Radke Named as New CEO
May 8 2003 // The Bermuda-based PXRE Group Ltd. announced significantly higher profits for the first quarter ended March 31, 2003 with net income for the quarter up by 30 percent to $23.6 million, compared to $18.2 million in the first...
MIIX Group Reports First Quarter Profit
May 8 2003 // The MIIX Group, Inc. of Lawrenceville, NJ, a provider of medical professional liability insurance services, announced net operating income of $7.2 million, or $.54 per share, for the first quarter ended March 31, 2003,...
Aon: Personal Lines Had Lowest Earnings Volatility in 2002
May 8 2003 // Aon Corp. announced the results of its 2002 “Property and Casualty Earnings Volatility Study” that highlighted the insurers and reinsurers that were most effective at minimizing the volatility in their...
Midwest Tornadoes Cause at Least $325 Million in Insurance Losses
May 8 2003 // Tornadoes that swept across Arkansas, Kansas, Missouri, Nebraska, South Dakota and Tennessee earlier this week could cost insurers at least $325 million — making it one of the top five costliest tornado events, according...
CNA 1stQ Profit Up 315% From 2002
May 8 2003 // Chicago-based commercial lines leader CNA Financial Corp. reported first-quarter net income of $83 million, or 30 cents per share, up 315 percent from $20 million, or 9 cents per share, in the first quarter of 2002. Net...
Report Says U.S. Insurance Industry Loses $13.7B Annually Due to Auto Premium Rating Error
May 7 2003 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, released its annual Premium Rating Error report, detailing just how much often-overlooked premium rating errors diminish the overall profits of...
Selective Group Notes Q1 Earnings
May 7 2003 // New Jersey-based Selective Insurance Group, Inc. reported net income of $8.0 million, or $0.29 per diluted share, for the first quarter ended March 31, 2003, compared with $10.3 million, or $0.39 per diluted share for the...
CNA Surety Profit Down 9% From Year Ago
May 6 2003 // Chicago-based CNA Surety Corp. reported that net income for the first quarter of 2003 was $9.6 million, or 22 cents per share, down 9 percent from a year ago’s $10.6 million, or 25 cents per share. This decrease...
Aon’s 1stQ Profit Down 5% From Year Ago
May 6 2003 // Chicago-based brokerage Aon Corp. reported quarterly earnings of $152 million, or 48 cents per share, down 5 percent from a year ago’s $160 million, or 57 cents per share. The company, one of the top insurance...
