earnings News

Unico American Corp. Reports $1.1M in Q1 Net Revenue

Woodland Hills, Calif.-based Unico American Corp. announced its revenue for the three months ended March 31, 2011, was $8.6 million and net income was $1.1 million, compared with revenue of $9.9 million and net income of $0.5 million for the …

AIG Shares Hit Lowest Level in Months

Shares in bailed-out insurer American International Group fell to their lowest levels in nearly eight months Monday, potentially moving them into loss-making territory for the U.S. Treasury. The Treasury holds 92.11 percent of AIG and has a break-even point of …

Liberty Mutual Posts 14.9% Increase in Net Income in Q1

Liberty Mutual Group reported net income of $362 million for the first quarter 2011, an increase of $47 million, or 14.9 percent, over the same period in 2010. Revenues for the three months ended March 31, 2011 were $8.381 billion, …

AIG Reports $1.5B Net Income Loss in Q1

American International Group posted a loss from continuing operations in the first quarter as it recorded a charge of more than $3 billion related to its recapitalization and termination of its credit facility from the Federal Reserve. For the first …

First Quarter Earnings Reports: Allied World, Validus Group

First Quarter Earnings Reports: SCOR, Alterra Capital

Allianz Preliminary Q1 Figures Show $1.339 Billion Profit

Germany’s Allianz has issued a bulletin outlining the Group’s fiexpected financial results for the first quarter of 2011. It will release the full details for the period on May 12. Allianz said that based on its preliminary figures, the Group …

First Quarter Earnings Reports: Hannover Re, Argo Group

Bank Insurance Fee Income Again Reaches Record High

Bank insurance brokerage fee income in 2010 reached a record level as it rose 7.9 percent from $12.36 billion in 2009 to $13.33 billion in 2010, according to a new report. The report, compiled by Michael White Associates (MWA) and …

Mercury General Reports Modest Increase in Net Premiums

Los Angeles-based Mercury General Corp. has reported net income in the first quarter 2011 was $58.2 million, compared with net income of $61.2 million for the same period in 2010. Included in net income are net realized investment gains, net …