earnings News

Mercury General in California Reported 3Q Income of $58.6M

Mercury General Corp. reported third-quarter net income of $58.6 million. On a per-share basis, the Los Angeles-based insurance carrier said on Monday it had profit of $1.06. Earnings, adjusted for investment costs, were $1.11 per share. The auto insurance company …

Nevada-Based Employers Holdings Reports $47.6M in Earnings

Employers Holdings Inc. reported third-quarter earnings of $47.6 million. The Reno, Nevada-based company said it had profit of $1.43 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share. The provider of workers-compensation insurance posted revenue of …

Mercury General in California Posts 4Q Profit, Rise in Premiums Written

Mercury General Corp. has reported fourth-quarter net income of $19.8 million, after reporting a loss in the same period a year earlier. The Los Angeles-based company said it had net income of 36 cents per share. Earnings, adjusted for investment …

Allstate Racks Up Big March Losses from Southwestern Hailstorms

The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the Southwestern and Southern U.S. …

Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q

Mercury General Corp. reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly dividend of 62 cents per share. The dividend …

Arch Capital Reports Q3 Net Income of $74.5M, vs. $223.2M in Q3 2014

Bermuda-headquartered Arch Capital Group Ltd. reported net income available to common shareholders for the third quarter ending 2015 was $74.5 million, or $0.60 per share, compared to $223.2 million, or $1.64 per share, for the same period last year. For …

Argo Group Reports Q3 Net Income of $35.3M vs. $44.7M for Q3 2014

Bermuda-headquartered Argo Group International Holdings Ltd. reported net income of $35.3 million, or $1.24 per diluted share, compared to $44.7 million, or $1.54 per diluted share, for the third quarter of 2014. Net income for the nine month period ended …

Ping An Profit Rises 32% as Higher Premiums Offset Stock Market Slump

Ping An Insurance (Group) Co., China’s second-largest insurer, said third-quarter profit rose 32 percent as higher premium income and banking revenue helped offset the impact of a stock market rout on investment returns. Net income climbed to 13.6 billion yuan, …

Everest Re Reports Q3 Net Income of $88.6M, Compared to $274.9M in Q3 2014

Everest Re Group Ltd. reported third quarter 2015 after-tax operating income available to common shareholders of $200.2 million, or $4.53 per diluted common share, compared to after-tax operating income of $280.5 million, or $6.12 per diluted common share, for the …

XL’s Q3 Operating Net Income Down to $70.8M on Integration Costs, Cat Losses

Dublin-headquartered XL Group reported third quarter operating net income of $70.8 million, or $0.23 per share, down from $187.1 million, or $0.70 per share, in the prior year quarter. The current quarter’s results include approximately $55.2 million in integration costs …