Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Willis Group Posts $117 Million Net Q1 Income
Apr 24 2003 // International broker Willis Group Holdings Limited reported record results for the quarter ended March 31, 2003, with net income of $117 million, or $0.69 per diluted share compared to $68 million, or $0.43 per diluted...
IPC Holdings Reports in Q1 Net Income Increased to $67.5 Million
Apr 24 2003 // Bermuda-based IPC Holdings, Ltd. reported net income for the quarter ended March 31, 2003, of $67.5 million, or $1.40 per share, compared to $43.5 million, or $0.90 per share, for the first quarter of 2002. Operating...
Fiserv Revenues Up 11 Percent; New President Named
Apr 23 2003 // Brookfield, Wis.-based Fiserv Inc. processing and services revenues of $624.8 million, an 11 percent increase over the $560.7 million for the first quarter of 2002. Net income per share-diluted for the first quarter of...
RenRe Posts $126.9 Million Q1 Operating Profit
Apr 23 2003 // Bermuda-based RenaissanceRe Holdings Ltd. reported $126.9 million in first quarter net operating income available to common shareholders, compared to $86.6 million in the first quarter of 2002. Operating earnings per...
Cincinnati Financial Tallies $57 Million in First Quarter
Apr 23 2003 // Cincinnati Financial Corp. reported first-quarter 2003 net income of $57 million, or 35 cents per diluted share, compared with $75 million, or 46 cents per share, in the first quarter of 2002. Net income per share included...
ISO’s New Services Now Connects Insurers’ Extranets to Risk-Management, Loss-Control Info. Database
Apr 22 2003 // Insurance Services Office, Inc.’s (ISO) Engineering and Safety Service (E&S) unit has introduced a new Enterprise Subscription Service that enables insurance companies to connect their extranets for agents,...
Everest Re Group Posts $104 Million Q1 After Tax Operating Income, Ups Earnings Forecast
Apr 22 2003 // The Barbados-based Everest Re Group, Ltd. reported first quarter 2003 after-tax operating income of $104.1 million, or $2.02 per diluted share, a 58% increase compared to $66.1 million, or $1.35 per diluted share in the...
Montpelier Re Expects Q1 Earnings Per Share Between $1.48 and $1.58
Apr 22 2003 // Bermuda-based Montpelier Re Holdings Ltd., a subsidiary of the White Mountains Group, announced that it expects to report first quarter diluted earnings per share between $1.48 and $1.58. Anthony Taylor, President and CEO...
