earnings News

Earnings Report: Beazley Group

Selected earnings highlights from Dublin-based Beazley Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $1.0131 bn $924.8 mn Net premiums written ————— $650.8 mn $635.5 mn Net …

Hawaii Health Insurance Providers Report 1Q Income

Hawaii’s two largest health insurance providers earned operating income during the first three months of the year. Hawaii Medical Service Association on Tuesday reported operating gain of $7.2 million for the quarter, amounting to just over 1 percent of dues …

Allianz Confirms $1.78 Billion Q1 2012 Net Profit

As previously announced, Germany’s Allianz SE has had a successful start in 2012 with increases in overall revenues, operating profit and net income for the first quarter well above first-quarter 2011 levels. Allianz Group also further improved its already strong …

Zurich Posts $1.1 Billion Q1 Net Profit; Near $1.4 Billion Operating

The Zurich Insurance Group reported a business operating profit (BOP) for the first quarter of 2012 of $1.3758 billion, a 62 percent rise from $854 million in Q1 2011, and net income after tax of $1.143 billion for the period, …

Earnings Report: Alterra Capital

Selected earnings highlights from Bermuda-based Alterra Capital Holdings for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $661.330 mn $627.848 mn Net premiums written ————— $436.868 mn $490.401 mn Net premiums earned …

Beazley’s Interim Statement for Q1 2012 Shows 9% Premium Growth

Catlin Group Records 12% Increase in Gross Premiums in Q1 2012

The Bermuda-based Catlin Group Limited’s interim management statement for the first quarter of 2012 highlighted a 12 percent increase in gross premiums written to $1.642 billion for the period, compared to $1.465 billion in Q1 2011. Additional highlights for the …

MAPFRE Q1 Results: Total Revenue Tops $8.8 Billion, Latin American Growth

Spain’s MAFRE Group posted total revenues for the first quarter of 2012 of €6.835 billion [$8.858 billion], an 11.5 percent increase compared to Q1 2011, “thanks to sustained growth of the international business,” the report noted. Recurring results grew by …

Allianz Preliminary Q1 2012 Figures Forecast $1.8 Billion Profit

German insurance giant Allianz SE has released preliminary figures for the first quarter of 2012, which indicate that total revenues will be over €30 billion [$38.80 billion] slightly above the €29.9 billion [$38.45 billion] for Q1 2011. Allianz said it …

Earnings Report: XL Group

Selected earnings highlights from the Dublin, Ireland-based XL Group plc for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 *Gross premiums written ———— $2.4036 bn $2.1967 bn *Net premiums written ————— $2.04172 bn $1.8039 bn *Net …