Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Buffett Announces Record Profits, Says He Has 4 Possible Successors
May 5 2003 // Berkshire Hathaway Inc. CEO Warren E. Buffett announced the Omaha, Neb., insurer would have first-quarter operating earnings of about $1.7 billion, which he described as “the best operating earnings we’ve ever...
Horace Mann Notes 1stQ Results
May 2 2003 // Illinois-based Horace Mann Educators Corporation reported net income of $8.1 million, or 19 cents per share, for the first quarter ended March 31, 2003. Net income for the first quarter of 2002 was $15.6 million, or 38...
AFG Reports $25.1 Million in First-Quarter Earnings
May 2 2003 // Cincinnati-based American Financial Group Inc. reported net earnings for the first quarter of $25.1 million (36 cents per share). These results include an after-tax loss of $25.6 million on the sale of 61 percent of...
Kingsway Reports Q1 Net Income up 33% at $24.4 Million
May 2 2003 // Toronto-based, Kingsway Financial Services Inc., a leading provider of commercial and non-standard auto coverage in Canada and the U.S., announced record financial results for the quarter ended March 31, 2003, posting...
AXIS Announces First Quarter Results
May 2 2003 // AXIS Capital Holdings Limited, the Bermuda-based specialty insurer formed in 2001 by Marsh Inc.’s. Trident II fund and other investors, announced that gross premiums written for the quarter ended March 31, 2003 were...
Zenith Nat’l Reports 1stQ Results
May 1 2003 // Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $11.7 million, or $0.62 per share, for the first quarter of 2003 compared to net income of $2.8 million, or $0.15 per share, for the first...
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...
