earnings News

Earnings Report: Argo Group

Selected earnings highlights from the Bermuda-based Argo Group for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $396.3 mn $347.8 mn Net premiums written ————— $241.2 mn $244.4 mn Net premiums earned …

Munich Re Q1 Profit Tops $1 Billion; Gross Premiums over $17 Billion

Earnings Report: Lancashire Group

Selected earnings highlights from, Lancashire Group, which include both its insurance and reinsurance operations, for the first quarter of 2012 are as follows: 1 2012 Q1 2011 Gross premiums written ———— $234.0 mn $171.9 mn Net premiums written ————— $132.1 …

AIG Q1 Profit More Than Doubles to $3.21 Billion

American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year ago. The insurer’s profit surge was helped by low natural …

Earnings Report: Flagstone Re

Selected earnings highlights from Luxembourg-based Flagstone Re for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $170.2 mn $352.7 mn Net premiums written ————— $ 85.329 mn $233.925 mn Net premiums earned …

RSA’s Interim Statement Highlights Organic Growth, Strong Financial Position

UK-based RSA reported continued strong growth and financial strength in its interim management statement covering the first three months of 2012. Highlights included the following: • Net written premiums of £2.2 billion [$3.565 billion] up by 5 percent with all …

Swiss Re Q1 Net Profit Rebounds from Q1 2011 to $1.1 Billion

Swiss Re reported a very strong first-quarter with overall net income of $1.141 billion in comparison to a loss of $665 million in Q1 2011. “This result was driven by strong underwriting, good investment performance and lower than expected major …

Hartford Q1 Profit Drops 81% on Realized Loss, But Core Earnings Up

The Hartford Financial Services Group Inc. said its 2012 first quarter net income declined 80.8 percent to $96 million, hurt by a $587 million net realized loss from runoff operations. The Hartford’s net income during the same period one year …

Hanover Insurance Group Q1 Profit Up 70% to $49.7M

The Hanover Insurance Group reported $49.7 million net income for its 2012 first quarter, up 70 percent from $29.3 million reported during the same period one year ago. Profit continues to get a boost from its London-based Chaucer unit, which …

Marsh & McLennan Posts $347M Q1 Income, Up 6.8% From Last Year

Marsh & McLennan Cos. Inc. reported $347 million net income for its 2012 first quarter, up 6.8 percent from $325 million reported during the same period in 2011. The total revenues for the quarter were $3.05 billion, up 5.7 percent …