Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Acceptance Insurance Suffered 1stQ Losses
May 8 2002 // Iowa-based Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., announced a net after-tax loss of $4.3 million, or $0.30 per...
MIIX Reports $45.4 Million Q1 Loss as It Strengthens Reserves Prior to Runoff
May 7 2002 // MIIX Group, the troubled New Jersey-based medical professional liability insurer, announced a loss for the first quarter ended March 31, 2002, of $45.4 million, or $3.38 per share,”resulting primarily from...
PartnerRe Reports Premium Increases, But Q1 Net Falls 34%
May 7 2002 // Bermuda-based PartnerRe Ltd. reported record operating results for the 2002 first quarter of $66.8 million, or $1.29 per share on a fully diluted basis compared to $55.6 million, or $1.08 per share, for the first quarter...
Horace Mann Reports Slight Increase in
May 7 2002 // Horace Mann Educators Corporation of Springfield, Ill., a provider of a variety of insurance products to educators, reported operating income of $13.9 million, for the first quarter ended March 31, 2002, slightly higher...
Caliber One Exiting Excess and Surplus Lines Marketplace
May 3 2002 // PMA Capital has decided to withdraw from the excess and surplus (E&S) lines marketplace served by its Caliber One business segment, even though PMA Capital shows strong growth and operating income for PMA Re and The...
Baldwin and Lyons Reports Record Increase in Operating Income
May 2 2002 // Baldwin & Lyons Inc. of Indianapolis, Ind., announced record first quarter 2002 operating income, before capital gains, of $4.9 million, or $.41 per share, compared to $2.9 million, or $.24 per share, for the first...
Aon Reports First Quarter 2002 Results
May 2 2002 // Aon Corporation reported first quarter dilutive earnings per share of $0.37 compared with $0.07 in the year ago period. Excluding special charges, unusual World Trade Center (WTC) items, and a favorable one-time tax...
ACE Reports Q1 Net Operating Income Up 24% to $216 Million
May 1 2002 // Bermuda-based ACE Limited reported income excluding net realized gains (losses) of $216 million for the quarter ended March 31, 2002 compared with $164 million for the same period in 2001. “Earnings per share...
Willis Reports 73% Rise in Q1 Operating Earnings
May 1 2002 // Global insurance broker Willis Group Holdings Limited reported record revenue and operating earnings growth for the quarter ended March 31, 2002 with operating cash earnings rising 73% to $83 million, or $0.50 per diluted...
W.R. Berkley Reports Record $31 Million Q1 Operating Earnings
Apr 30 2002 // W. R. Berkley Corp. reported that its first quarter operating earnings,”excluding realized investment gains and results from discontinued businesses,” reached $31 million, or 90 cents per share, up from $10...
XL Reports Q1 Rise from Operations, But Investment Losses Hit Net Income
Apr 30 2002 // Bermuda-based XL Capital Ltd reported that its net income for the first quarter ended March 31 was $89.5 million, or $0.65 per share, compared with $218.9 million, or $1.73 per share, in the first quarter of 2001, a 59...
News Analysis: Commentary on Full Year 2001
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Is the Texas Personal Auto Market Another Homeowners in the Making’
Apr 29 2002 // The personal automobile insurance market in Texas may not be approaching the crisis level at which the homeowners market currently finds itself, but signs indicate that it may be in for a rough ride. According to the Texas...
Giving Credit Where Credit is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just...
Why Credit-Based Insurance Scoring is Good for Consumers
Apr 29 2002 // Credit-based insurance scoring is a reliable, though often misunderstood underwriting tool that helps insurers accurately match the price of their products to the level of risk posed by any given customer. It is...
Giving Credit Where Credit Is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot...
Cincinnati Financial Sees Revenue, Operating Income Increases
Apr 26 2002 // Cincinnati Financial Corporation, a holding company whose primary business is property and casualty insurance, reported increases in both net operating income and revenues for the three months ended March 31, 2002, over...
Penn-America Reports $2 Million Q1 Operating Income
Apr 25 2002 // Penn-America Group, Inc. reported operating income of $2 million or 25 cents per share (basic and diluted) for the first quarter of 2002, compared with operating income of $0.9 million or 12 cents per share for the first...
IPC Holdings Doubles Q1 Operating Income to $44.3 Million
Apr 25 2002 // Bermuda- based IPC Holdings, Ltd. reported that its operating income, which excludes net realized gains and losses, rose to $44.3 million or $0.92 per share, for the quarter ended March 31, 2002, compared to $20.0 million,...
Everest Re Q1 Operating Income Up 23.6%
Apr 24 2002 // Everest Re Group, Ltd. reported that its first quarter 2002 after-tax operating income, which excludes realized capital gains and losses, was $66 million, or $1.35 per diluted share, a 23.6 percent increase compared to...
