Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers
Aug 7 2017 // Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
How Insurers Can Tap into New Revenue Streams by Using ‘Data Exhaust’
Aug 7 2017 // The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that...
Liberty Mutual Reports Q2 Results Including Ironshore Impact
Aug 4 2017 // Liberty Mutual Holding Co. Inc. reported net income $126 million for the three months ended June 30, 2017, an increase of $111 million over the same period in 2016 thanks to improved investment returns. The rise in net...
UK’s Aviva Reports 11% Rise in H1 Operating Profit to $1.94 Billion
Aug 3 2017 // British insurer Aviva reported an 11 percent rise in first-half operating profits to 1.47 billion pounds ($1.94 billion) on Thursday, boosted by its general insurance and fund management units and sending its share price...
AIG’s Q2 Results Feature Expense Savings, Consumer Business
Aug 3 2017 // Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc. After-tax operating income was $1.4 billion for the second quarter 2017...
AXA’s H1 Net Income Rises 2% to $3.9B, Beating Expectations
Aug 3 2017 // AXA reported a stronger than expected rise in net profit for the first half of the year, helped by higher asset management and property and casualty earnings, and by lower restructuring costs. Europe’s second largest...
Update: Cyber Attacks Start to Hit Earnings of Global Companies
Aug 3 2017 // The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest...
Allstate Doubles Q2 Profit
Aug 2 2017 // Allstate saw its profit more than double thanks to increased premiums, strong investment results and lower auto insurance claims frequency. Net income was $550 million for the second quarter of 2017 compared to $242...
Court Allows Democratic AGs to Defend Obamacare Subsidies for Low-Income Insureds
Aug 2 2017 // A U.S. appeals court on Tuesday allowed Democratic state attorneys general to defend subsidy payments to insurance companies that are a critical part of the Obamacare healthcare law. The U.S. Court of Appeals for the...
Investments, Specialty Business Counter Weather Losses, Reinsurance in Q2 for W.R. Berkley
Jul 31 2017 // Weather-related losses and a competitive reinsurance business nudged W.R. Berkley Corp.’s 2017 second quarter combined ratio higher. But a nearly five percent growth investment income and gains in specialty business...
Marsh & McLennan Reports Q2 Revenue Growth
Jul 27 2017 // Marsh & McLennan Companies reported revenue increases across all of its four operating units, along with margin expansion in insurance and consulting businesses, in its financial results for the second...
Allianz Q2 Profit Rises 23% on Restructuring, Fewer Disaster Claims
Jul 27 2017 // As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster claims rewarded his strategy. Operating profit jumped 23 percent to 2.9...
Chubb Net Income Up 79% in Q2; P/C Combined Ratio at 88
Jul 26 2017 // Chubb Limited reported net income for the second quarter ended June 30 of $1,305 million compared with $726 million for the same quarter last year‚ a 79 percent increase. Operating income was $1,180 million compared with...
Insurers Pummeled by Car Dealers’ Claims for Hail-Damaged Vehicles
Jul 24 2017 // A hailstorm that pounded down on a Subaru dealership in Plano, Texas, barely lasted 30 minutes, but left behind a trail of smashed windows, dented hoods and millions of dollars’ worth of claims for an insurer to...
Minding Your Business: Agency Financial Management 101
Jul 24 2017 // What makes the difference between an average agency owner and a great one? The key is learning the skills of financial management. There are many times that consultants are called in to assist owners with financial...
Nonstandard Auto Market Continues to Fall; Sector Posts Worst Loss Ratio in Decade: A.M. Best
Jul 24 2017 // Loss ratios and operating ratios for the U.S. nonstandard auto insurance market fell to their worst levels in a decade, according to a new report from A.M. Best. Escalating repair and medical costs, deteriorating highway...
2016 Texas Hail Losses Top $5B
Jul 24 2017 // Wind and hail loss information for 2016 released recently by the Texas Department of Insurance (TDI) show that homeowner losses from hail in Texas were the highest annual losses ever recorded, as they exceeded $5 billion,...
‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers
Jul 21 2017 // Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice...
Travelers Says It’s ‘Where It Needs to Be’ to Compete; Q2 Results Dampened by Weather
Jul 20 2017 // Small business insurance leader Travelers Companies is well-positioned to continue to compete in the small commercial insurance space that is attracting new entries including technology-driven start-ups, according to CEO...
Catastrophes Cost Insurers $22B in 1H 2017; Economic Losses Totaled $53B: Aon
Jul 20 2017 // Global insured losses from natural disasters during the first half of 2017 are estimated at US$22 billion with 76 percent of these losses generated by U.S. events, according to a report issued by Impact Forecasting, Aon...
