Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Employers, Fremont Employers Report 4Q and Full Year Financial Results
Apr 18 2003 // Employers Insurance Company of Nevada, A Mutual Company (the “Company”), a leading provider of workers’ compensation products and services, reported its statutory financial results for the fourth quarter...
Institute President Reacts to Full Year 2002 Results
Apr 18 2003 // The property/casualty industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office, Inc....
RLI Begins Year With 59% Earnings Increase
Apr 18 2003 // Peoria, Ill.-based RLI Corp. reported quarterly net earnings of $14.4 million (56 cents per diluted share), a 59 percent gain over the $9.1 million (45 cents per diluted share) posted in the same quarter last year. This...
P/C Industry’s Surplus Falls Despite Improvement in Net Income After Taxes
Apr 17 2003 // The property/casualty insurance industry’s statutory surplus dropped $4.4 billion to $285.2 billion at year-end 2002 from $289.6 billion at year-end 2001. Surplus declined despite improvement in the industry’s...
Loss Prevention Partnership Releases Mid-Program Report
Apr 17 2003 // The Loss Prevention Partnerships program (LPP), a demonstration project of the NeighborWorks® National Insurance Task Force (NITF), has reached its midway point with tangible results. The LPP’s goal is to educate...
Midland Co. Reports Record First Quarter 2003 Results
Apr 17 2003 // The Midland Co. reported record results for its first quarter ended March 31, 2003. Net income per share was 56 cents, including 7 cents in realized capital losses. That compares with 44 cents per share in last...
Taking a look at 2002 Results
Apr 17 2003 // The property/casualty insurance industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office,...
Gulf Partners with Corpedia to Reduce D&O Risk of Loss
Apr 16 2003 // New York-based Gulf Insurance Group, a provider of directors and officers liability (D&O) and Phoenix-based Corpedia Corporation have come together to provide incentives to reduce the risk of loss through compliance...
A.M. Best Reports: P/C Premium Growth Solid
Apr 16 2003 // The property/casualty industry continued to report strong growth in net written premiums for both the fourth quarter and full-year 2002 amid robust price increases across all sectors, according to the A.M. Best...
American Safety Group Ltd. Reports 4thQ, 2002 Year End Results
Apr 16 2003 // American Safety Insurance Group, Ltd. announced results for the fourth quarter and full year ended Dec. 31, 2002. Total revenues for the fourth quarter of 2002 decreased 35 percent to $29.7 million compared to the same...
Brown & Brown Sees 51 Percent 1Q Income Increase
Apr 16 2003 // Florida’s Brown & Brown Inc. announced a new record for its earnings in the first quarter. Net income per share for the quarter ended March 31, 2003 was $0.44, an increase of 41.9 percent over the $0.31 in net...
Brown & Brown Sees 51% Earnings Increase in First Quarter
Apr 11 2003 // Datona Beach, Fla.-based broker Brown & Brown Inc. announced a new record for its earnings in the first quarter. Net income per share for the quarter ended March 31, 2003 was 44 cents, an increase of 41.9 percent over...
AXA Shows $3.1 Billion 2002 Loss Under U.S. GAAP Rules
Apr 10 2003 // France’s AXA Group revealed a nasty surprise when it filed its consolidated financial statements with the COB, the French financial regulatory authority. Under U.S. GAAP accounting rules the group posted an overall...
Chubb Survey Says Loss Control Spending Increases 17 Percent
Apr 8 2003 // In an apparent move to drive down the cost of risk, risk managers are spending an average 17 percent more on loss control services while their organizations confront budgetary constraints and the difficult economic...
