Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
ISO’s New Auto Loss-History Database Offers Insurers Comprehensive Information for Assessing Auto Po
May 17 2002 // Insurance Services Office, Inc. (ISO) has launched its new Automobile-Property Loss Underwriting Service (A-PLUSTM) database to provide insurers, brokers and agents comprehensive automobile loss information, so they can...
ISO Purchases AIR to Help P/C Industry Manage Extreme-Event Losses
May 15 2002 // New Jersey-based Insurance Services Office, Inc. (ISO) has acquired Boston-based Applied Insurance Research (AIR), a leading provider of risk-assessment and management technology for all major natural hazards in the U.S....
AXA’s Q1 Total Revenues Rise 1.9% to $19.2 Billion
May 14 2002 // France’s AXA Group reported that consolidated revenues for the first quarter rose 1.9% to € 21.1 billion ($19.2 Billion) compared with the prior year period, largely driven by a hefty 24.3 percent rise in...
Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
May 13 2002 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
ESG Re Posts $5.5 Million Q1 Loss
May 13 2002 // Bermuda-based ESG Re Limited reported an overall first quarter loss of $5.529 million compared to a net loss of $3.9 million for the first quarter of 2001. The net loss per share for the three months ended March 31 was...
Insurance Industry Posts Strong Q1 Gains HOW REAL ARE THEY’
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
Lloyd’s Change to Annual Accounting Results in $4.5 Billion Loss Estimate
May 13 2002 // Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall,...
SAFECO TALLIES 1STQ PROFITS ON INVESTMENTS
May 13 2002 // Seattle-based SAFECO has reported a quarterly profit, noting gains from selling investments, increased life insurance earnings, and having to pay out less in storm claims through the winter. SAFECO noted first-quarter net...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
Report 5 States Sue Vatican Over Frankel Losses
May 10 2002 // Today’s edition of the Wall Street Journal reports that five southern states have filed lawsuits against the Vatican as a result of the alleged involvement of several officials of the Catholic Church in the...
CNA Financial Reports 1stQ Net Income from Continuing Operations of $111M
May 10 2002 // CNA Financial Corporation reported first quarter 2002 net operating income from continuing operations of $111 million, or $0.50 per share, compared with $119 million, or $0.65 per share, reported in the first quarter 2001....
Meadowbrook Reports Improved Underwriting Results in 1stQ
May 9 2002 // Citing improved results in its specialty underwriting operations and continued profitability in its agency and fee-based business, alternative risk management specialist Meadowbrook Insurance Group Inc. of Southfield,...
PXRE Reports 379% Q1 Net Income Gain to $18.2 Million
May 8 2002 // The first quarter of 2002 is turning out to be a financial boom for many of Bermuda’s reinsurers, as PXRE joined the parade of record results, announcing that its net income in the period rose to $18.2 million, a 379...
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...
