GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts February 26, 2024 By Susanne Sclafane Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant...
Allianz Shares Drop on Weak Results in P/C Insurance February 23, 2024 By Stephan Kahl Allianz SE shares fell as the German insurance giant reported earnings in its property-casualty business that missed expectations. Fourth-quarter operating...
Insurtech Root Inc. Results Improve but Remain at a Net Loss February 22, 2024 By Chad Hemenway Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for...
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback February 22, 2024 By Carolyn Cohn and Miranda Murray Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion...
AXA’s 2023 Earnings Miss Forecasts on Higher Costs, Lifts Dividend 16% February 22, 2024 By Mathieu Rosemain France’s AXA, Europe’s second-biggest insurer, pledged on Thursday to deliver higher earnings and returns to shareholders by 2026 by growing...
AIG General Insurance Q4 Income Up 19% on Underwriting, Investments February 14, 2024 By Chad Hemenway American International Group (AIG) during the fourth quarter 2023 recorded underwriting income of $642 million within its General Insurance segment...
Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023 February 9, 2024 By L.S. Howard Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown...
Weekly Q4 2023 Earnings Wrap: CNA, Cincinnati Financial, American Financial February 9, 2024 By Chad Hemenway Fourth quarter net income at CNA Financial Corp. was up about 54% to $367 million, and net income for the...
Allstate Reverses Q4 Loss With Benefit of Low Cat Losses, Auto Rate Increases February 8, 2024 Allstate Corp. fourth quarter 2023 net income attributable to common shareholders was about $1.5 billion, reversing a loss of $303...
Weekly Q4 2023 Earnings Wrap: The Hartford, The Hanover, Markel, and Selective February 2, 2024 By Chad Hemenway The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the...