Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Aon Reports Q2 Earnings
Aug 2 2000 // Aon Corporation has reported dilutive net income per share of $0.49 for the quarter ended June 30, 2000, compared with $0.57 in the second quarter of 1999. Second quarter revenues increased 6% to $1.8 billion versus the...
Mercury General Releases Second Quarter Results, President to Step Down
Jul 31 2000 // Mercury General Corp. has reported net operating earnings for the second quarter of 2000 were $25.6 million, or $.47 per diluted share, compared with $33.9 million, or $.62 per diluted share in 1999. For the full six...
Sullivan HealthCare Finds Profit in Hard-to-Place Risks
Jul 27 2000 // Los Angeles-based Sullivan HealthCare Insurance Services Inc. reported premium volume for the first half of 2000 was up over 300 percent, exceeding the amount of business written during all of 1999 by the niche-market...
Q2 Results Good for AIG, Chubb, St. Paul
Jul 27 2000 // American International Group’s second-quarter operating profit rose 13 percent to $1.43 billion, matching analysts’ estimates. T he New York-based insurer said net profit, including realized investment losses,...
Marsh McLennan Reports Strong Q2 Revenues
Jul 26 2000 // Marsh & McLennan Companies is reporting strong revenues and earnings for both the quarter and six months ended June 30. For the quarter, MMC’s revenues rose 11 percent to $2.5 billion. Net income grew 21 percent...
The Hartford’s Core EPS Up 18 Percent in Second
Jul 25 2000 // The Hartford Financial Services Group has reported an 18 percent increase in core earnings per diluted share for the second quarter, reflecting continued earnings growth in the company’s worldwide life...
Conducting an Efficiency Study
Jul 24 2000 // The economy is booming. New millionaires are being created every day. American business has never had it so good. So being an insurance agent is the fast track to financial freedom, right? Wrong. No one is setting up...
SAFECO Second-Quarter Results: Progress Toward
Jul 24 2000 // SAFECO has announced second-quarter net income of $29 million, or $.23 per diluted share. Operating income for the quarter, excluding realized gains from investments, was reported as $12 million or $.10 per diluted...
Businesses at Risk:Do Your Clients Need CONTAMINATED PRODUCTS Insurance’
Jul 24 2000 // Ecoli bacteria in beverages, cyanide in capsules, salmonella contamination in meat, mislabeled products, threats to spread harmful rumors about a product-these and similar hazards create a crisis situation for a company...
InsWeb Corporation Reports Second Quarter Results
Jul 21 2000 // InsWeb Corp. has reported financial results for the second quarter that ended June 30, 2000. The results take into account the company’s restructuring, announced June 4, which includes plans to move all operations to...
Hilb, Rogal and Hamilton Reports Results for Second
Jul 21 2000 // Hilb, Rogal and Hamilton Company today reported financial results for the second quarter and six months ended June 30, 2000. Total revenues for the quarter increased 13.4%, to $62.2 million, from $54.9 million a year...
Allstate Profits Drop 40 Percent
Jul 21 2000 // Allstate Corp.’s second-quarter profits fell 40 percent due, in large part, to a battering of spring storms. The unusually heavy losses from catastrophes were not helped by higher claims and increased competition...
Arthur J. Gallagher Reports Record Quarterly Revenues
Jul 20 2000 // Second quarter 2000 was good for Arthur J. Gallagher & Co., which reported record quarterly revenues of more than $158.4 million for the three-month period that ended June 30. The revenue represents a 9.5 percent...
Citigroup Profits Rise, Stock Splits
Jul 19 2000 // Citigroup has announced a 23 percent rise in second-quarter profits fueled by merger advising fees and growth in overseas operations. The board of directors also announced a 4-for-3 split in the company’s common...
ISO Estimates U.S. Insurers Will Pay $1.4 Billion
Jul 10 2000 // U.S. property/casualty insurers will pay $1.4 billion to homeowners and businesses for insured property losses from 10 catastrophic events in the second quarter of this year, according to initial estimates from the...
Horace Mann Issues Earnings Warning
Jul 7 2000 // Horace Mann Educators Corp. expects second-quarter results to fall well below analyst expectations based on non-catastrophic property-loss claims. The company made the announcement today, saying it also is planning several...
Calif. Low-Income Car Insurance Pilot Program Launches Tomorrow
Jun 30 2000 // A plan geared to reduce the number of uninsured motorists in Los Angeles and San Francisco will begin Saturday, with civic leaders nationwide watching closely to see if it might work in their communities. The program,...
RAA First-Quarter Reinsurance Results Released
Jun 27 2000 // Results of a survey of statutory underwriting results, conducted by the Reinsurance Association of America (RAA) show a group of 32 property/casualty reinsurers wrote $5.9 billion of premiums during the first quarter of...
ALLSTATE’S CATASTROPHE LOSSES HIGH
Jun 26 2000 // There were no April Showers or May Flowers for Allstate Corp. this year. Rather the two spring months produced $340 million in catastrophe losses for the direct writer, whose announcement June 15 triggered a 7 percent...
P/C Industry’s Net Income Dropsby a Third in First-Quarter 2000
Jun 26 2000 // The U.S. property/casualty industry’s net income after taxes dropped 35.4 percent to $5.8 billion in first-quarter 2000, down from $9 billion in first-quarter 1999, according to Insurance Services Office Inc. (ISO)...
