earnings News

Aon Reports $328M in Q1 Net Income, Compared to $325M in Q1 2014

Aon plc reported net income attributable to Aon shareholders of $328 million, or $1.14 per share, compared to $325 million, or $1.06 per share, for the prior year quarter. Net income per share attributable to Aon shareholders, adjusted for certain …

Validus Reports $173.4M Q1 Net Income, Up From $162.4M in Q1 2014

Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015, compared to $162.4 million, or $1.66 per diluted common share, for the three …

AXIS Reports Q1 Operating Income of $136M on Low Catastrophe Losses

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2015 of $156 million, or $1.54 per diluted common share, compared with $137 million, or $1.24 per diluted common share, for the first …

XL Reports Q1 Operating Net Income of $194.4M, Combined Ratio at 88.9%

Dublin-based XL Group plc reported first quarter operating net income of $194.4 million, or $0.75 per share, for the first quarter on a fully diluted basis, down from $238.6 million, or $0.85 per share, for the same period in 2014. …

Everest Re Reports Q1 Net Income of $323M, Up From $293.9M in 2014

Bermuda-based Everest Re Group, Ltd. reported net income of $323.0 million, or $7.19 per diluted common share, for the first quarter of 2015, compared to net income of $293.9 million, or $6.21 per diluted common share, for the first quarter …

AIA Reports 20% Hike in New Business During 1st Quarter

AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in the first quarter, meeting analysts’ estimates. The measure of projected future profitability of new policies increased to $425 million in …

Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%

Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per share of $1.66, reported for …

Allied World Reports Q1 Net Income of $124.4M; Operating Income of $91.7M

Allied World Assurance Company Holdings, headquartered in Zug, Switzerland, reported net income of $124.4 million, or $1.27 per diluted share, for the first quarter of 2015 compared to net income of $177.0 million, or $1.74 per diluted share, for the …

Vienna Insurance Misses 2014 Profit Estimates on $85 Million Heta Writedown

Vienna Insurance Group AG wrote down debt of Austrian “bad bank” Heta Asset Resolution AG by 80 million euros ($85 million), a larger amount than expected, causing the firm to miss estimates for profit last year. The insurer, based in …

Insurers Face Earnings Growth Challenges in Varying Global Economy: S&P

When it comes to finding earnings growth in 2015, the challenge facing the global insurance industry will be uneven economic conditions in many parts of the world, according to a report released by Standard & Poor’s Ratings Services. Entitled “Pursuing …