earnings News

Earnings Report: PartnerRe

Selected earnings highlights from PartnerRe for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $1.567 bn $1.557 bn Net premiums written ————— $1.473 bn $1.470 bn Net premiums earned ———– $989.83 mn …

Earnings Report: Aspen Holdings

Mercury: First Quarter Income Rose on Lower Losses

Mercury General Corp. reported on Monday that net income in the first quarter rose to $73.4 million from $58.2 million during the same time last year due to lower loss expenses and gains on investments. Income rose to $1.34 per …

Earnings Reports: Validus Holdings, AXIS Capital

Selected earnings highlights from Validus Holdings for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $837.299 mn $849.89 mn Net premiums written ————— $730.24 mn $740.07 mn Net premiums earned ————– $451.2 …

Willis Posts $225 Million Q1 Net Income; Strong Growth

Willis Group Holdings reported net income from continuing operations for the quarter ended March 31, 2012 of $225 million, or $1.28 per diluted share, compared with $35 million, or $0.20 per diluted share, in the same period a year ago. …

Earnings Reports: Everest Re, Montpelier Re

Earnings Report: ACE Limited

ACE Limited reported its results for the first quarter of 2012. Highlights incuded the following: Q1 2012 Q1 2011 Gross premiums written ———— $4.787 bn $4.644 bn Net premiums written ————— $3.572 bn $3.446 bn Net premiums earned ———– $3.381 …

W.R. Berkley Q1 Income Up 17%, Sees Price Hikes ‘Accelerating’

W.R. Berkley Corporation reported $135.32 million for its 2012 first-quarter net income, a 17 percent increase compared to $115.59 million income reported one year ago. CEO William R. Berkley noted that price increases are accelerating this year and that he …

Chubb: $506M Q1 Income, Business Insurance Renewal Prices Edge Up

The Chubb Corporation reported $506 million in net income for the 2012 first quarter, down slightly — 0.59% — from $509 million income reported one year ago. The insurer’s underwriting profit improved significantly, but it was offset by weaker realized …

Donegal Reports $8M Q1 Income, Largest Quarterly Earning in 3 Years

Donegal Group, a P/C insurance holding company headquartered in Marietta, Penn., reported $8.0 million net income for 2012 first quarter — almost four times the $2.2 million net income reported one year ago. Donegal said the $8.0 million 2012 first …