earnings report News

Liberty Mutual Q3 Up 3.4% to $481M; Core Underwriting Results Improved

Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting results. “The third quarter reflected a continuation …

Travelers Posts $864M Q3 Profit, Consistent With Prior Year Quarter

The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. Travelers showed a larger underwriting gain compared to last year, but the results were partially offset by lower investment …

W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%

W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in at …

Talanx Raises 2013 Profit Forecast After Swiss Life Stake Sale

Talanx AG, the German insurer that sold stock in an initial public offering last year, raised its profit goal for 2013 after the sale of shares in Swiss Life Holding AG boosted earnings. Talanx is “cautiously optimistic” that net income …

Hartford’s Q2 Loss Widens to $190M; P/C Earnings Show Improvement

The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss widened compared to the same time a year ago, when the insurer reported a net loss of $101 million. The …

Marsh & McLennan Q1 Profit Jumps 19% to $413M

Marsh & McLennan Companies Inc. reported Thursday $413 million net income attributable to the company for its 2013 first quarter, up 19 percent from $347 million in the prior year period. The consolidated revenue in the first quarter was $3.1 …

Liberty Mutual Q1 Profit Falls 31% to $318M Amid Investment Losses

Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first quarter. The company’s quarterly underwriting and operating results both improved …

The Hartford Reports $241M Q1 Loss Mainly Due to One-Time Charges

Hartford Financial Services Group Inc. posted a net loss of $241 million for its 2013 first quarter, compared to net profit of $96 million reported during the first quarter of 2012. The latest quarterly net loss was mainly due to …

Selective Insurance Q1 Profit Up 18% to $21.3M

Branchville, N.J.-based Selective Insurance Group said its 2013 first quarter net income came in at $21.3 million, a 17.7 percent increase from $18.1 million reported during the first quarter of 2012. Total net premiums written for the first quarter were …

Chubb Q1 Profit Rises 30% to $656M; CEO Says ‘Market Remains Firm’

Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and high-end homes said its …