Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
2000 Market Share For Insurers in Texas
Sep 3 2001 // The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Lloyd’s Confirms Loss Figures
Aug 30 2001 // Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99 with a projected loss in 1999 of nearly $2 billion. 2000 figures are expected to...
Australia’s QBE Posts Profit Gains for 1st Half
Aug 30 2001 // Helped by recent acquisitions, QBE Insurance, Australia’s second largest general insurer after NRMA, posted a strong 56 percent gain in interim net profits to A$122 million (U.S.$64.4 million) for the first half of...
$2.8 Billion – Latest HIH Loss Estimate
Aug 28 2001 // The loss estimates for Australia’s HIH continue to mount. Last May they appeared to have leveled off at around U.S.$2.1 billion, but new information released by the liquidators now show they could go as high as U.S....
Lloyd’s Sees Return to Profitability Despite Losses, Reduced Capacity
Aug 22 2001 // According to the latest report from the Association of Lloyd’s Members (ALM), which represents most of the individual investors, or “Names,” in Lloyd’s syndicates, the market should return to...
Fewer Storms in 2Q Amount to Big Losses for Insurers
Aug 20 2001 // Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years, the damage that those left in their wake was enough to send a number of insurers scrambling to...
The Shrinking, Expensive Market for Nursing Home Coverage
Aug 20 2001 // I find that nursing homes are in a serious crisis in trying to obtain medical liability coverage,” Texas Insurance Commissioner José Montemayor said in February, as he announced the Texas Department of Insurance...
21ST Century Reports Net Loss in 2Q Results
Aug 17 2001 // 21st Century Holding Company, a vertically integrated financial service holding company, reported a net loss of $1,489,671 or $.47 per average common share for its second quarter ended June 30, 2001, compared to net income...
ESG Re Ltd. Reports Net Loss in 2Q Results
Aug 16 2001 // For the second quarter of 2001, Bermuda-based ESG Re Limited reported a consolidated net loss of $5.9 million, or $0.50 per share. An underwriting profit of $1.2 million in the quarter together with investment income and...
Fremont General Posts Quarterly Net Income and Declares Common Stock Cash Dividend
Aug 14 2001 // Fremont General Corporation reported net income of $14,813,000 for the second quarter of 2001. This was comprised of net income from continuing operations of $14,284,000 and an after tax gain on the extinguishment of debt...
Commentary: Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 13 2001 // In the short term, it’s extremely difficult to predict whether a stock will go up or down. The many factors involved are open to widely varied interpretations. Trends in a given sector can be spotted over time, but...
Odyssey Re Holdings Corp. Announces 2Q Results
Aug 10 2001 // Odyssey Re Holdings Corp. reported its second quarter 2001 net income of $21.9 million, an increase of 110.6 percent compared to $10.4 million in the same quarter of the prior year. Catastrophe losses included in the...
Nebraska Company Suffers Losses
Aug 7 2001 // Acceptance Insurance Cos. Inc., an Omaha crop insurance company, noted it lost $888,000, or 6 cents per share, in the three months that ended June 30, bringing its loss for the year to $4.7 million, or 33 cents a share,...
BOP Market Expands Profits and Proves Itself ‘Internet Friendly’
Aug 6 2001 // The Business Owners Policy (BOP) has been around for at least a couple of decades now. BOPs are traditionally associated with small businesses seeking basic liability and property coverages. But over the course of the...
Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 6 2001 // It’s extremely difficult to predict whether a stock will go up or down-more so in the sort term. Too many factors involved, which are open to widely varied interpretations. Trends in a given sector can be spotted...
Willis Reports Second Quarter Results
Aug 2 2001 // Global insurance broker Willis Group Holdings Limited is reporting strong revenue and earnings growth for the quarter and six months ended June 30, 2001. Revenues rose 8 percent to $337 million for the second quarter of...
The Hartford’s Operating Income Increases 10%
Aug 2 2001 // The Hartford Financial Services Group Inc. reported operating income of $262 million for the second quarter of 2001, a 10-percent increase over the same period in 2000. The increase reflects double-digit earnings growth in...
Insurers Paying Claims for Losses of Medical Marijuana
Aug 1 2001 // According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the...
Calif. Jockey Thrown for a Loss
Aug 1 2001 // California jockey Carlos Cristo will spend 60 days in home confinement, serve three years formal probation, and pay restitution of $30,000 to the State Compensation Insurance Fund (SCIF) along with a $200 court fine,...
