Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Erie Posts Strong Q1 Income Gains
Apr 23 2002 // Erie Indemnity Company reported that its net income for the quarter ended March 31, 2002, increased to $44,201,582 from $34,785,305 for the same period in 2001, while operating income (net income excluding net realized...
Donegal Group’s Q1 Revenues Off 26%
Apr 23 2002 // The Donegal Group Inc., based in Marietta Pa., announced that its operating results for the quarter ended March 31, 2002 showed net income of $2,180,716, or $.24 per share on a diluted basis, a decline of around 26 percent...
RenRe Posts 100% Increases in Q1 Premiums, Income
Apr 23 2002 // RenaissanceRe Holdings Ltd. proved once again that it can make money better than anyone else. The Bermuda-based company announced that its first quarter net operating income available to common shareholders (excluding...
Aon Claims 1stQ Earnings Did Not Meet Internal Targets
Apr 23 2002 // Aon Corporation has reported that first quarter 2002 dilutive earnings per share are expected to be in the range of $0.56-$0.59 per share (including a one-time pretax income item of $48 million or $0.11 per share). This...
SAFECO Tallies 1stQ Profits on Investments
Apr 23 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...
Philadelphia Consolidated Posts 38% Q1 Net Income Gain to $10.7 Million
Apr 22 2002 // Philadelphia Consolidated Holding Corp. of Bala Cynwyd Pa. reported that its net income for the first quarter ended March 31, 2002 increased 38.4% to $10.7 million from $7.7 million for the same period in 2001. It also...
Allianz Finalizes 2001 Net Profit at $1.42 Billion, Defends Dresdner Acquisition
Apr 19 2002 // Germany’s Allianz Group had an off year in 2001, along with most of the rest of the insurance industry. The company announced its definitive results yesterday, showing a net profit of €1.6 billion ($1.42...
