Travelers Reports Q2 Loss on Catastrophes, Investments; Only Modest COVID Impact July 23, 2020 The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net...
Coronavirus, Civil Riot, Investment Losses Take Bite Out of W.R. Berkley Q2 Profit July 22, 2020 Larger investment losses and COVID-19 took a substantial bite out of W.R. Berkley’s 2019 second-quarter net income, but the specialty...
W.R. Berkley Estimates $85 Million in Q2 COVID Catastrophe Losses July 14, 2020 W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half...
P/C Insurance Underwriting Profits Up 21% for Q1: AM Best Analysis May 27, 2020 Even though unrealized capital losses pushed surplus down 9 percent from year-end 2019 for the U.S. property/casualty insurance industry, aggregate...
Progressive Q1 Results Reflect ‘Significant Impact’ from Coronavirus, Restrictions May 7, 2020 The Progressive Corp. said its results for the first quarter were “significantly impacted” by the spread of the coronavirus and...
Allstate Credits Risk Management During Q1; Eyes Second Coronavirus Driver Refund May 6, 2020 Allstate Corp. reported that its adjusted net income rose 47% in the first quarter to $1.14 billion, a jump of...
CNA Records Q1 Loss Tied to Market Volatility from Coronavirus May 5, 2020 CNA Financial Corp. recorded a first quarter 2020 net loss of $61 million, and core income of $108 million. The...
Marsh & McLennan Revenue Grew 14% in Q1 May 5, 2020 Marsh & McLennan Companies (MMC) marked the one-year anniversary of its acquisition of Jardine Lloyd Thompson (JLT) by reporting consolidated...
Berkshire Discloses Q1 Insurance Results; Buffett Talks Coronavirus Impact May 4, 2020 By Susanne Sclafane Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double...
The Hartford Reports Q1 Net Income Drop; Minor Coronavirus Impact Thus Far May 4, 2020 By Mark Hollmer The Hartford’s 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a...