Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Conseco Profits Up for Q3
Oct 27 2000 // In its third quarter earnings release yesterday, 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...
Possible $37 Million Loss As Actor’s Injury Halts
Oct 26 2000 // According to a report in Daily Variety, production of Terry Gilliam’s new film, “The Man Who Killed Don Quixote,” has come to a halt due to the back injury to one of its stars, French actor Jean...
Argonaut Reports Q3 Loss
Oct 25 2000 // Argonaut Group Inc. reported a consolidated net loss of $900,000 on total revenue of $50.5 million for the third quarter compared to consolidated income of $5.0 million on total revenue of $45.3 million for the same...
HRH Revenues Increase 4 Percent; Net Income Up 25 Percent
Oct 24 2000 // Hilb, Rogal and Hamilton Company today reported financial results for the third quarter and nine months ended September 30, 2000. For the quarter, commissions and fees, before the effect of acquisitions and divestitures,...
MMC: Strong Third Quarter, Nine Months Results
Oct 23 2000 // Marsh & McLennan Companies has reported strong revenues and earnings for both the quarter and nine months that ended Sept. 30. For the quarter, MMC’s revenues rose 14 percent to $2.5 billion from $2.2 billion in...
Allstate Profit Rises on Higher Premiums
Oct 23 2000 // Allstate Corp.’s third-quarter operating earnings rose 34 percent as increased premiums offset higher loss costs. The nation’s second-largest insurer said operating earnings, excluding a restructuring charge...
GALLAGHER NET EARNINGS UP
Oct 23 2000 // Arthur J. Gallagher announced its financial results for the third quarter and nine months that ended Sept. 30. Total revenues were $526,944,000, compared to $471,629,000 last year, an increase of 12 percent. Net earnings...
RenaissanceRe Expects To Beat Earnings Estimates For 3rd Quarter
Oct 18 2000 // Bermuda-based RenaissanceRe Holdings Ltd. (RenRe) announced that it expected third quarter earnings would exceed analysts’ expectations “with operating earnings in the range of $1.70 to $1.75 per share”...
Pre-Paid Announces Record Third Quarter Results
Oct 17 2000 // Pre-Paid Legal Services reported record results for the third quarter and for the nine months ended September 30, 2000. Net income for the third quarter of 2000 rose 45 percent to $14,360,000 from $9,870,000 for the prior...
Citigroup Third-Quarter Profits Up 27 Percent
Oct 17 2000 // Third-quarter profits at Citigroup Inc. rose 27 percent, driven by fees from advising on mergers and growth in its consumer bank arm. The New York-based company earned $3.09 billion, or 67 cents a diluted share, in the...
Arthur J. Gallagher Net Earnings Up 18 Percent for 2000
Oct 13 2000 // Arthur J. Gallagher & Co. announced on Thursday its financial results for the third quarter and nine months that ended Sept. 30. Total revenues were $526,944,000, compared to $471,629,000 last year, an increase of 12...
WCIRB Estimates 1999 Calif. Combined Ratio of 153 Percent; Says Line Deteriorating Further in 2000
Oct 13 2000 // Workers’ comp in California is continuing its slide downhill, according to a recently released report from the WCIRB. The mid-year report found that loss development on the 1998 and 1999 accident years during the...
SAFECO Profit Slowed by Losses; Hires Firm to Hire Next CEO
Oct 9 2000 // SAFECO will experience higher than expected underwriting losses in its large commercial and homeowners lines, slowing third-quarter profit improvement sharply. The company’s overall combined ratio is expected to be...
Playing The Green: Insuring Golf Courses
Oct 9 2000 // It’s a well known fact in the insurance industry that we are also, in large part, the golf industry. Nine times out of 10, a golf tournament will accompany a convention. Want to raise money for charity? Sponsor a...
Calif. Sits on Epicenter of National Quake Survey
Oct 2 2000 // According to the first national survey of earthquake risks, 75 percent of all losses are expected to occur in California. But quakes are not a problem for just the Golden State, as the study shows that other areas of the...
Hiscox 1st Half Profits Lowered by Lloyd’s Losses
Sep 29 2000 // Hiscox Plc, which does business independently and in the Lloyd’s market as syndicate 33, saw 1st half profits drop to £100,000 ($146,000) from £1.4 million ($2.04 million) in the same period last year as a result...
InsWeb Raises Revenue Outlook for Second Half of 2000
Sep 29 2000 // Updating its previously announced revenue expectations for the second half of fiscal 2000, Redwood City, Calif.-based InsWeb raised its previous outlook of $8 million to now exceed $9 million. Hussein Enan, InsWeb CEO,...
Industry Tallies Ohio Tornado Losses
Sep 28 2000 // The combined damage caused by a tornado that ripped through Xenia, Ohio Sept. 20 and storms in several other counties, has been estimated at more than $33 million in insured losses, according to the the Ohio Insurance...
Cincinnati Financial Underwriting Profits Expected to Drop for Q3
Sep 28 2000 // Cincinnati Financial Corp. expects decreased underwriting profitability at its property casualty insurance affiliates in the third quarter due to large losses from fires and commercial liability. The insurer’s...
Property/Casualty Insurers Watch Profits Fly Out the Window
Sep 25 2000 // ISO, NAII Report First-Half Net Income for Insurers Plunged; Fitch Adopts Negative P/C Outlook It hasn’t gone to hell in a handbasket yet, but the outlook for the property and casualty industry is far from good. On...
