earnings report News

Travelers Q1 Profit Up 11% to $896M; CEO Says ‘We Will Keep Going’ on Rate Hikes

The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to $806 million income reported during the first quarter of 2012. Travelers said the improvement in both net …

The Hartford Restates Q3; Full-Year 2012 Bottom Line Reverses To A Loss

On Friday, March 1, The Hartford announced that it filed an amended Form 10-Q with the U.S. Securities and Exchange Commission to restate its third-quarter 2012 results — a change that turned a previously reported net income figure of $350 …

Liberty Mutual’s 2012 Profit Jumps 132% to $829M Despite Q4 Net Loss

Liberty Mutual and its subsidiaries today reported 2012 fourth-quarter net loss of $234 million, with the results including $576 million Superstorm Sandy losses. In comparison, the Boston-headquartered insurer had $285 million profit during the 2011 fourth quarter. But the latest …

The Hartford Posts $46M Q4 Net Loss; $350M in Sandy Loss Reported

The Hartford Financial Services Group Inc. reported a net loss of $46 million for the 2012 fourth quarter, in contrast to the fourth quarter of 2011 when the company posted $118 million profit. The Hartford, Conn.-headquartered insurer also announced plans …

Zurich Insurance Group Posts $2.2 Billion 1st Half Net Income

Zurich Insurance Group posted a $2.2 billion net after tax income available to shareholders. Other selected highlights from the earnings report are as follows: Q2 2012 Q2 2011 Business operating profit ———— $1.131 bn $1.287 bn Total group business volumes …

Allianz Central and Eastern Europe Operations 1st Half Results

Allianz said its Central and Eastern Europe (CEE) operations “produced solid underlying results for the first six months of 2012 in challenging economic circumstances.” The regional companies reported total revenues of for the first six months amounted of €2.053 billion …

Hannover Re Reports 85% 1st Half Gain in Net Income to $497 Million

Hannover Re’s interim report for the first six months of 2012 shows gains in all of the reinsurer’s primary sectors. Highlights for the period were listed as follows: — Gross premium: + 14.0 percent to €6.9 billion [$8.466 billion] — …

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 …

Earnings Report: Platinum Underwriters

Q1 2012 Q1 2011 Net premiums written ———— $143.66 mn $194.78 mn Net premiums earned ———– $138.21mn $182.88 mn Net income (loss) —————— $53.287 mn ($157.19 mn) Net Operating income (loss) —– $32.778 mn ($154.81 mn) Investment gains —————— $22.34 …

Earnings Report: Montpelier Re

Q4 2011 Q4 2010 Gross premiums written —- $91.7 mn $102.3 mn Full year – 2011 2010 $725.5 mn $720.0 mn Net premiums earned ——- $148.3 mn $162.2 mnn Full year – 2011 2010 $622.7 mn $625.4 mn Net income/loss …