AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said Friday, the day after the company posted a net loss of more than $4 billion. On a conference call …
The Hanover Insurance Group Inc. reported a net loss of $9.7 million for the third quarter of 2011, driven mostly by catastrophe losses of $64.7 million after tax. The Hanover’s net income for the same period in 2010 was $52.3 …
Property and life insurer Hartford Financial Services Group posted a small per-share net loss for the third quarter on Wednesday, as disaster losses rose in the wake of August’s Hurricane Irene. The Hartford, one of the oldest companies in the …
Swiss Re reported more good news, following the ratings upgrade from Standard & Poor’s. The world’s second largest reinsurer posted $1.3 billion net income in the third quarter of 2011, compared to $600 million in Q3 2010, an 18 percent …
Marsh & McLennan Companies reported $130 million for third-quarter net profit, down 23 percent from $168 million reported during the same period last year. But profit from continuing operations was up 4 percent as the firm continued to boost business …
Renaissance Re: Q3 2011 Q3 2010 Gross premiums written —- $139.94 mn $111.54mn 9 months — 2011 2010 $1.392 bn $1.134 bn Net premiums earned —- $229.24 mn $212.35 mn 9 months – 2011 2010 $751.94 mn $675.18 mn Net …
White Mountains Insurance: Q3 2011 Q3 2010 Net earned premiums —- $490.6 mn $498.1 mn 9 months – 2011 2010 $1.4367 bn $1.7729 bn Comprehensive net income (loss) ($97.6 mn) $177.6 mn 9 months (loss) 2011 2010 ($57.6 mn) $60 …
Selective Insurance Group, based in Branchville, New Jersey, reported net loss of $20.1 million for the third quarter. The insurer had posted net profit of $17.2 million during the same period one year ago. The insurer blamed big catastrophe losses …
Mercury General Corp. (NYSE: MCY) on Monday reported a dip in operating income for the third quarter, and announced a dividend increase. Operating income was $39.7 million, or 72 cents per diluted share, for the third quarter of 2011 compared …
