Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AIG Downplays $5B Write-Down; Rating Agencies, Wall Street Concerned
Feb 12 2008 // While American International Group Inc. sought to downplay its miscalculation of losses on a derivatives portfolio as not “material to the company,” Wall Street was abuzz with speculation over whether the...
S&P Revises Outlook on AIG
Feb 12 2008 // American International Group Inc. may be quite sanguine about its financial outlook (See related article), but Standard & Poor’s Ratings Services isn’t quite as confident. S&P announced that it has...
Liberty Mutual’s Profit Dips Almost 7% in 2007
Feb 11 2008 // Liberty Mutual Group said its 2007 profit dipped nearly 7 percent compared with unusually strong 2006 results, as greater insurance industry competition led to pressure to cut policyholder rates. The nation’s...
Allied World Posts $469 Million 2007 Net Income; Q4 $123 Million
Feb 11 2008 // Bermuda-based Allied World Assurance Company Holdings, Ltd. reported net income of $123 million, or $2.01 per diluted share, for the fourth quarter 2007 compared to net income of $128.4 million, or $2.04 per diluted share,...
W. R. Berkley Corp. Reports Record Net Income of $744M for 2007
Feb 11 2008 // W. R. Berkley Corp. reported net income for 2007 of $3.78 per share, or $744 million, compared to $3.46 per share, or $700 million, for 2006. Net operating income for 2007 was $3.73 per share, or $734 million, compared...
Allstate 4Q Profit Falls 37 Percent
Feb 10 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006. The fourth quarter net...
Texas Joins Rest of the U.S. in Profitability Upswing of Last Few Years
Feb 10 2008 // I.I.I.’s Hartwig says the state is still one of the riskiest in which to operate The last few years have been good ones for the property casualty insurance industry in terms of profitability. But it’s been a...
Nev. Monte Carlo Resort & Casino Fire Losses Could Have Hit $75M, Risk Analysts Say
Feb 10 2008 // The fire that blazed through the top of the Monte Carlo Resort & Casino in Las Vegas on Jan. 25, 2008, could have been far more damaging had it started elsewhere in the building and not been contained so quickly,...
Insurers Must Focus on Opportunities; Avoid Price Wars to Stay Profitable
Feb 10 2008 // Margin compression and continued pricing erosion will put increasing pressure on the insurance industry to achieve top line objectives in 2008, according to industry analysts. “With pricing becoming increasingly...
Aon Reports 4th Quarter and Full Year 2007 Results
Feb 8 2008 // Chicago-based Aon Corp. (NYSE:AOC) reported on Thursday, February 7th, results for the fourth quarter and full year ending Dec. 31, 2007. Net income decreased 7percent to $207 million or $0.64 per share, compared to $223...
Willis Reports Q4, FY Earnings; Conference Call Today
Feb 7 2008 // Global broker Willis Group Holdings reported fourth quarter and full year revenues that were slightly less than those posted in 2006, even though gross revenues from commissions and fees were somewhat higher. Net income...
Endurance Posts $521 Million FY Net, Despite Q4 Drop; Conference Call Today
Feb 7 2008 // Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $152.5 million and $2.18 per diluted common share for the fourth quarter of 2007, compared to $198.8 million and $2.70 per diluted common share in...
XL Confirms $1.06 Billion Q4 Loss; FY Net $360.4 Million; Conference Call Today
Feb 6 2008 // Bermuda’s XL Capital Ltd. reported a net loss to ordinary shareholders for the quarter ended December 31, 2007 of $1.06 billion, or $6.01 per ordinary share, compared with net income of $471.1 million, or net income...
ACE FY Net Up12% to $2.578 Billion Despite Q4 Losses; Conference Call Today
Feb 6 2008 // ACE Limited’s earnings report showed a 14 percent drop in fourth quarter net earnings to $572 million, down from $665 million in the same period of 2006. The Company posted Q4 investment losses of $134 million....
Aspen to Release Earnings Today; Conference Call Details
Feb 6 2008 // Aspen Insurance Holdings Limited will release its fourth quarter and year-end 2007 financial results today, Wednesday, February 6, 2008, following the closing of the U.S. markets. The Company will hold a conference call to...
Willis Set to Post Q4 Earnings; CEO to Speak Thursday
Feb 6 2008 // Willis Group Holdings Limited will release earnings for the fourth quarter ending December 31, 2007 after the market closes on Wednesday, February 6, 2008. Copies of the release will be available soon thereafter within the...
Endurance Q4 Earnings Announcement Today; Conference Call Thursday
Feb 6 2008 // Bermuda-based Endurance Specialty Holdings Ltd. will release its fourth quarter 2007 financial results today, Wednesday, February 6, 2008 after the close of the financial markets. On Thursday, February 7, 2008, Kenneth...
White Mountains Book Value Gains, as Income Drops
Feb 6 2008 // The Bermuda-based White Mountains Insurance Group (which includes OneBeacon, White Mountains Re and Esurance) announced that its “adjusted comprehensive net income for the fourth quarter of 2007 was $127 million...
RenaissanceRe Q4, FY Earnings Decline on Writedowns; Conference Call Today
Feb 6 2008 // Bermuda’s RenaissanceRe Holdings Ltd. reported $186.2 million in fourth quarter operating income, which excludes capital gains/losses, available to common shareholders, compared to $198.6 million in the fourth...
I.I.I.’s Hartwig: Texas P/C Market Profitable Along with Rest of U.S.
Feb 5 2008 // The last few years have been good ones for the property casualty insurance industry in terms of profitability. But it’s been a long time coming, according to Robert Hartwig, president of the Insurance Information...
