Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Aon Reduces Workforce as Part of Business Plan
Nov 13 2000 // Concurrent with Chicago, Ill.-based Aon Corporation’s recent announcement of third-quarter 2000 earnings, the company laid out a preliminary blueprint for implementation of its “business transformation...
RMS Estimates U.K. Flood Losses at £500 Million
Nov 10 2000 // Insurance companies and risk experts may not agree on the exact amount of the insured losses caused by the recent and ongoing floods and storms in Britain, but they all agree that the damages will be substantial. (See...
RSA, Wellington Estimate U.K. Storm Losses
Nov 10 2000 // Royal & Sun Alliance (RSA) estimates that it could face claims of £100 million ($145 million) or more from the current storms sweeping the U.K. Lloyd’s insurer Wellington said the events over the last three...
CGNU Reports Losses, Some Gains
Nov 9 2000 // CGNU, the U.K.’s largest general insurer, reported mixed results for its activities during the first nine months of the year. Overall it posted a net pretax loss of £630 million ($914 million), compared to a net...
CNA Third-Quarter Income Up Slightly
Nov 9 2000 // CNA Financial Corporation today reported net operating income for the third quarter of 2000 of $90 million, or $0.49 per share, compared with net operating income of $82 million, or $0.43 per share, for the same quarter in...
ebix.com Revenues, Losses Down
Nov 9 2000 // ebix.com Inc. announced results for the third quarter and nine months ended September 30, 2000. Total revenues were $2.9 million for the third quarter of 2000, compared to revenues of $3.1 million for the third quarter of...
Zenith Loses $5 Million in Third Quarter 2000
Nov 7 2000 // Zenith National Insurance Corp. has reported an operating loss after tax of $5.1 million, or $0.30 per share, for the third quarter of 2000, compared to an operating loss after tax of $38.8 million, or $2.26 per share, for...
The St. Paul Reports Third-Quarter Results
Nov 6 2000 // The St. Paul Cos. has reported third-quarter after-tax operating earnings from continuing operations of $171.9 million, or $0.73 per share, up from $151.4 million, or $0.62 per share for the same quarter 1999....
CONSECO EARNINGS IMPROVING
Nov 6 2000 // In its third quarter earnings release, Conseco announced improved earnings from operations and a series of one-time charges as new management continues to execute the turnaround of the Indianapolis-based company. Conseco...
CAT LOSSES REACH 11-YEAR LOW
Nov 6 2000 // U.S. property/casualty insurers will pay homeowners and businesses $315 million for insured catastrophe losses—the lowest third-quarter amount in 11 years beginning 1990, estimates Insurance Services Office, Inc.’s...
ACE Posts Strong 3rd Quarter Results
Nov 3 2000 // Bermuda’s ACE Limited announced that earnings for the third quarter had rebounded strongly from a year ago. Gross premiums written rose by $455.3 million to just under $2 billion for the quarter, a 29 percent...
E.W. Blanch Considers Sale, Reports Q3 Loss
Nov 2 2000 // Insurance broker E.W. Blanch Holdings Inc. is exploring strategic alternatives with its financial adviser Lazard, including a sale of the company, Reuters news service reported today. The move comes after the company...
SCPIE Holdings Announces Revenues Up, Net Earnings Down
Nov 2 2000 // SCPIE Holdings Inc., a provider of medical malpractice insurance, has reported revenues for its third quarter and nine months ended Sept. 30. For the quarter, operating earnings, which excludes realized investment gains...
IIAA Unveils New Agency Universe Study; Finds Growth, Stable Consolidation for Agents
Nov 1 2000 // The last four years have been a period of financial growth and agent consolidation, according to the 2000 Agency Universe Study, a study of the independent agency system conducted by Future One, a cooperative effort of the...
Highlands Insurance Group Sees Improved Third Quarter Results
Nov 1 2000 // Highlands Insurance Group, a property and casualty insurer, today reported net income of $3.0 million for the third quarter compared with a net loss of $3.3 million for the same quarter 1999. Year-to-date net income for...
The Hartford Sees Q3 Core EPS Jump 30 Percent
Nov 1 2000 // The Hartford Financial Services Group has announced a 30 percent increase in core earnings per diluted share for the third quarter 2000. The increase is reportedly driven by asset growth in the company’s life...
U.K. Storm Loss Estimates Between $300 and $660 Million – AIR Sees More Ahead
Oct 31 2000 // According to a BBC report, U.K. insurers’ preliminary estimates of the claims they may face from three days of high winds and rain, which have caused extensive damage in southern England, is put at around £200...
AIG Third Quarter Shows Increased Income, Analysts
Oct 31 2000 // American International Group has reported that its income excluding losses increased 14.6 percent to $4.1 billion in the third quarter and 14.4 percent to $4.21 billion for the first nine months of 2000. Net income for the...
Third-Quarter Catastrophe Losses Hit Record Low
Oct 30 2000 // U.S. property/casualty insurers recently received good news from the Insurance Services Office Inc.’s (ISO) Property Claim Services (PCS) unit. Third-quarter insured catastrophe losses registered at $315...
AIG Posts 15 Percent Earnings Increase For 3rd Quarter
Oct 27 2000 // Growth in all sectors propelled the 3rd quarter earnings of American International Group to new highs as it posted an operating profit of $1.41 billion, a 15 percent increase over 1999 figures, meeting analysts...
