earnings reports News

Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units

The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying underwriting performance, which …

W.R. Berkley Q2 Profit Up 6%; Rates Up 6.5%; CEO Comments on Berkshire

W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of 2013 came in at …

Travelers’ Q2 Profit Climbs 85% to $925M; Auto Unit Layoffs Planned

The Travelers Companies today reported net income of $925 million for its 2013 second quarter, an 85 percent jump from $499 million net income posted a year ago. The insurer credited lower catastrophe losses and continued improvement in underlying underwriting …

W.R. Berkley Posts $116M Q1 Profit, Sees Continuing Pricing Momentum

W.R. Berkley Corp. reported on Tuesday $116.62 million net income for its 2013 first quarter, representing a 13.6 percent decline compared to $135.32 million income reported during the first quarter of 2012. Net premiums written and the combined ratio both …

Penn.-Based Donegal Group Posts $6.5M Q1 Income

Marietta, Penn.-based Donegal Group Inc. reported on Wednesday net income of $6.5 million for the first quarter of 2013, down nearly 17 percent compared to $8.0 million profit for first quarter of 2012. The company said the decrease was primarily …

Erie Indemnity Posts $160M Profit for Full-Year 2012

Erie Indemnity Company, the managing company for Erie Insurance, posted 2012 fourth-quarter earnings of $30 million, up 15 percent from earnings of $26 million in the fourth quarter of 2011. Operating income was $29 million in the fourth quarter, up …

Donegal Group’s Profit Jumps to $23M for Full-Year 2012

Donegal Group, a property/casualty insurance holding company based in Marietta, Penn., reported $6.22 million net income for the 2012 fourth quarter, in contrast to a loss of $879,000 during the fourth-quarter of 2011. The net income for the full-year 2012 …

Marsh & McLennan Q4 Profit Up 1%; Full-Year Profit Rose 18% to $1.18B

Marsh & McLennan Cos. Inc. reported this morning $259 million for the 2012 fourth quarter net income attributable to the company, a 1.2 percent increase from $256 million income reported during the fourth quarter of 2011. The full-year profit showed …

The Hanover Posts $55M Q4 Loss, but Full-Year 2012 Profit Up 52% to $56M

The Hanover Insurance Group in Worcester, Mass., reported a net loss of $55.0 million for the 2012 fourth quarter, in contrast to $49.6 million profit posted for the fourth quarter of 2011. The Hanover’s latest financial results were hurt by …

Markel’s 2012 Q4 Profit Rises 13%; Full-Year Profit Up 78%

Markel Corp. reported 2012 fourth-quarter net profit to shareholders of $56.79 million, up 13.2 percent compared to $50.18 million reported in the fourth quarter of 2011. For the full-year 2012, the Glen Allen, Va.-based specialty insurer’s net profit to shareholders …