Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc. After-tax operating income was $1.4 billion for the second quarter 2017 compared to $1.3 billion. Net income came …
Allstate saw its profit more than double thanks to increased premiums, strong investment results and lower auto insurance claims frequency. Net income was $550 million for the second quarter of 2017 compared to $242 million in the same period last …
CNA Financial Corp. saw its second quarter net income climb at a robust clip and catastrophe losses along with its combined ratio shrink. Chairman and CEO Dino Robusto said the results were better than the property/casualty insurer has seen in …
Weather-related losses and a competitive reinsurance business nudged W.R. Berkley Corp.’s 2017 second quarter combined ratio higher. But a nearly five percent growth investment income and gains in specialty business helped keep net income steady. W.R. Berkley booked $109 million …
The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss trend seen in 2016. The first-quarter loss was significantly less than the $2.0 billion net underwriting …
Liberty Mutual Holding Company Inc. reported net income of $351 million for the three months ended March 31, 2017, a $42 million or 10.7 percent decline from the same period in 2016. Net written premiums in the quarter increased 5.3 …
