earnings reports News

Brown & Brown’s 2012 Q4 Profit Up 16.8%

Florida-based national insurance brokerage Brown & Brown Inc. reported 2012 fourth-quarter net profit of $42.64 million, up 16.8 percent compared to the 2011 fourth quarter when the broker reported $36.49 million profit. Net profit for the full-year 2012 was $184.05 …

Selective Reports 2012 Q4 Profit of $1.3M; Sandy Losses at $30.3M

Branchville, N.J.-based Selective Insurance Group posted 2012 fourth quarter net income of $1.3 million, down more than 92 percent compared to the 2011 fourth quarter when the insurer reported $18.0 million profit. The 2012 fourth-quarter catastrophe losses were $33.8 million, …

Chubb’s 2012 Q4 Profit Drops 77% to $102M; $882M Sandy Loss Reported

The Chubb Corp. reported $102 million net profit for its 2012 fourth quarter, down 77.4 percent compared to the fourth quarter of 2011 when the insurer reported $452 million profit. Chubb’s net profit for the full-year 2012 was $1.5 billion, …

W.R. Berkley’s 2012 Q4 Profit Up 41%; $40M in Sandy Loss Reported

W.R. Berkley Corp. said its 2012 fourth quarter net profit was $165.49 million, up 41.4 percent compared to the same period in 2011 when it had $117.03 million profit. For the full-year 2012, the Greenwich, Conn.-based commercial lines insurer reported …

Travelers Q4 Profit Down, Hurt by $669M Sandy Loss; Full-Year Profit Up

The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011. Still, the 2012 full-year net income rose. The …

Southern California-based Mercury Corp.’s 3Q Net Premiums Up 3.4%

Mercury General Corp.’s net premiums written for the third quarter rose 3.4 percent to more than $684 million, the Los Angeles, Calif.-based company reported on Monday. Mercury reported third-quarter net income of $66.2 million, or $1.21 per share, compared with …

More Earnings Reports: Validus Holdings, Montpelier Re

Selected earnings highlights from Bermuda-based Validus Holdings Ltd. for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $627.089 mn $605.387 mn Net premiums written ————— $508.037 mn …

Earnings Reports: Aspen Insurance Holdings, Everest Re Group

Selected earnings highlights from Bermuda-based Aspen Insurance Holdings for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $666.6 mn $582.2 mn Net premiums earned ———– $513.4 mn …

Earnings Reports: Allied World, Endurance Specialty, RenaissanceRe

Selected earnings highlights from Allied World Assurance for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $680.292 mn $560.688 mn Net premiums written ————— $588.953 mn $480.871 mn Net premiums earned ———– …

Costly Natural Disasters Behind FM Global’s 2011 Net Loss

Rhode Island-based business property insurer FM Global said Monday it had a net loss of $41.5 million for 2011 — a stark contrast to $686.6 million profit the insurer had in 2010. FM Global, which was one of the last …