Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AI Chatter Hits Record on European Earnings Calls Across Sectors
Mar 24 2025 // The chatter around artificial intelligence on earnings calls in Europe is scaling new peaks as even companies beyond technology-related sectors are embracing it to boost efficiency and competitiveness. Mentions of...
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA
Mar 21 2025 // The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property...
RiverStone in Loss Portfolio Transfer Deal With Lyft Subsidiary
Mar 20 2025 // RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan....
Homeowners Have Post-Loss Duties Too, Florida Appeals Court Says in HCI Win
Mar 20 2025 // Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under...
After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits
Mar 19 2025 // Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen. Nabilah Islam...
AM Best: US P/C Industry in 2024 Posts First Underwriting Profit in Four Years
Mar 18 2025 // For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best today in a “First Look” at US P/C financial results said the industry left 2024 with...
North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits
Mar 13 2025 // The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and...
Heritage Insurance Profits Down for Q4 But Up 36% for 2024
Mar 13 2025 // Heritage Insurance Holdings Inc. (HRTG) on Tuesday reported net income of $20.3 million in its fourth quarter, a 34% drop from Q4 in 2023. The Tampa-based company said it had net income of 66 cents per share. The property...
Generali Posts Record Profit Ahead of Shareholder Vote on CEO Reappointment
Mar 13 2025 // Italy’s biggest insurer Generali reported on Thursday a record profit for 2024, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The insurer, historically a bulwark of...
Berkshire, Progressive Are Underwriting Profit Leaders; Industry Sets Income Record
Mar 12 2025 // S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing to the figure will...
US P/C Industry Improves Despite 2024 Underwriting Loss: Changes in Personal Lines Segment Driver of Expected Improvement
Mar 10 2025 // The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection, most notably in the personal lines sector. A report from industry...
Liberty Mutual Q4 Income Up Nearly 90%, Year Earnings Climb
Mar 6 2025 // Liberty Mutual Holding Co. reported fourth quarter 2024 net income of $1.2 billion – a nearly 90% increase over the same period the prior year. Boston-based Liberty Mutual’s total combined ratio of 91.5 for the...
AmFam Reports Underwriting Profit for 2024 to Reverse Losses Last Two Years
Mar 6 2025 // After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for the year for all property/casualty lines it writes. The improvement from a 110.8 in 2023 and...
Australia’s Insured Losses From Cyclone Alfred Could Top US$1.3 Billion: S&P
Mar 5 2025 // Australia’s largest property and casualty (P/C) insurers should be well placed to manage claims stemming from tropical cyclone Alfred, which could top A$2billion (US$1.3 billion), according to a report published by...
Texas Beekeepers Facing Soaring Bee Losses, Threatening Agriculture Industry
Mar 4 2025 // Since starting their beekeeping business southwest of San Antonio in late 2019, the Wheeler family has aimed to produce about 3,000 bee colonies each year, many of which are used to pollinate crops like watermelons and...
State Farm 2024 Underwriting Losses Shrink on Auto Results
Mar 3 2025 // After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results. State Farm reported a 2024...
Safety Insurance Shows Fourth Quarter Profits
Feb 28 2025 // Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis, the Boston-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring...
Florida’s Baldwin Group Reports $20M Q4 Loss, Universal Earned $6M Profit
Feb 28 2025 // Two major, publicly traded Florida insurance companies reported fourth-quarter earnings, with the Baldwin Insurance Group, Inc. (BWIN) noting a loss of $20.2 million in its fourth quarter. On a per-share basis, the...
Insurtech Root Finishes 2024 With First Yearly Profit
Feb 27 2025 // Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter of 2024, and finished with the first profitable year in the company’s history. The Columbus, Ohio-based...
UK’s Aviva Beats Profit Estimates on Double-Digit Growth in General Insurance Premiums
Feb 27 2025 // British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on...
