Q2 2012 News

Swiss Re Reports $83 Million Q2 Net Income; $717 Million in P&C

Swiss Re reported a net profit of $83 million for the second quarter of 2012, indicating that the figure was “impacted by the sale at a loss of $1.0 billion of the Admin Re® US business.” Property & Casualty reinsurance …

Earnings Reports: XL Group, Alterra Capital

Selected earnings highlights from the XL Group’s headquarters in Dublin, Ireland for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 *Gross premiums written ———— $1.763651 bn $1.762.443 bn *Net premiums written ————— …

Earnings Reports: Argo Group, Flagstone Re

Selected earnings highlights from the Bermuda-based Argo Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $474.20 mn $406.70 mn Net premiums written ————— $361.50 mn …

Munich Re Reports Q2 Profit over $1 Billion; 1st Half near $2 Billion

Munich Re’s second quarter earnings report notes that it achieved a consolidated profit of €812 million [$1.007 billion], compared to the €738 million [$915.12 million] it reported in Q2 2011. The report indicated that “underwriting business performed well,” as it …

Earnings Report: AXIS Capital

Selected earnings highlights from the Bermuda-based AXIS Capital Holdings for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.014375 bn $1.046163 bn Net premiums written ————— $801.575 mn …

AIG Reports Q2 Profit Increases; Insurance Units All Gain

American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also reported more than $11 billion in liquidity at the …

Willis Posts $107 Million Q2 Net Income; $332 Million 1st Half

Willis Group Holdings plc reported its results for the quarter and six months ended June 30, 2012. Selected highlights for the second quarter were listed as follows: — Earnings per diluted share from continuing operations of $0.61 compared to $0.48 …

Allstate Blows Past Q2 Earnings Estimates on Lower Disaster Impact

Home and auto insurer Allstate Corp swung to a profit in the second quarter, smashing recently lowered Wall Street expectations, after its disaster losses were less than half of the record-breaking level they hit last year. Shares rose 3.6 percent …

Earnings Reports: PartnerRe, Greenlight Re

Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.16324 bn $1.18205 bn Net premiums written ————— $1.136046 bn $1.056467 bn …

Aon’s Q2 Earnings Report: Revenue Growth; Net Income Drop

Aon announced mixed results in its second quarter earnings report. While “organic revenue growth” rose 4 percent, contributing to a $2.8 billion total, Aon said “net income attributable to Aon shareholders decreased 5 percent to $246 million, or $0.73 per …