Home and auto insurer Allstate Corp swung to a profit in the second quarter, smashing recently lowered Wall Street expectations, after its disaster losses were less than half of the record-breaking level they hit last year. Shares rose 3.6 percent …
Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space of an hour UBS of Switzerland, Deutsche Bank, BBVA of Spain …
Selected earnings highlights from Bermuda-based PartnerRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.16324 bn $1.18205 bn Net premiums written ————— $1.136046 bn $1.056467 bn …
Mercury General Corp. on Monday reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los Angeles, Calif.-based insurer’s shares down nearly 6 percent. The company’s net reported loss for the second …
Bermuda-domiciled Hiscox reported its interim results for the 1st half of 2012. The following are selected highlights from the report, as calculated in dollars; the original report gave the figures in pounds. 1st Half 2012 1st Half 2011 Gross premiums …
The Chubb Corp. reported $404 million profit for its second quarter, declining 3.6 percent from $419 million reported a year earlier. The results were hampered by weaker investment results and significant catastrophe losses, though smaller compared to the cat losses …
Selected earnings highlights from Bermuda-based Arch Capital Group for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.051813 bn $911.939 mn Net premiums written ————— $820.233 mn …
Branchville, N.J.-based Selective Insurance Group Inc. posted $0.3 million for its second-quarter profit, down from $1.5 million profit reported during the same period one year ago. The insurer said Wednesday that its results were hampered by catastrophe losses during the …
W.R. Berkley Corp. reported $108.8 million for its second-quarter net profit, a 32.4 percent increase compared to the same period one year ago. The Greenwich, Conn.-headquartered insurer also said its profit for the first half of 2012 was $244.2 million, …
The Travelers Companies, which reported its second-quarter results yesterday, said renewal rates are continuing to trend up across its business segments. Company executives emphasized, however, that rate hikes are a granular process and are dependent on characteristics of each account. …
