ACE Ltd., the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy sales climbed. Net income increased to $942 million, or $2.86 a share, from $779 million, or $2.28, a year earlier, …
The U.S. property/casualty insurance industry managed to improve its underwriting results and attain higher net investment income to produce a 12.9 percent increase in pre-tax operating income in the first quarter of 2015 over the prior-year first quarter. Higher realized …
Progressive Corp., the fourth-largest U.S. auto insurer, said second-quarter profit rose 24 percent after an acquisition that pushed the company into homeowners coverage. Net income climbed to $363.3 million, or 62 cents a share, from $293.4 million, or 49 cents, …
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said first-quarter profit rose 13 percent as margins improved at the property- liability business and catastrophe losses fell. Net income climbed to $677 million from $600 million, …
The Travelers Companies Inc. reported that quarterly net profit fell in the first quarter about 20 percent due to lower net investment income and a drop in underwriting gains. Net income fell to $833 million for the quarter ended March …
