Financial News

Arch Capital Posts $284.7 Million Q4 Net Income; Conference Call Today

The Bermuda-based Arch Capital Group Ltd reported that net income available to common shareholders for the 2009 fourth quarter of $284.7 million, or $4.75 per share, compared to a net loss to common shareholders of $143.0 million, or $2.38 per …

Employers Holdings To Report Q4, Annual Earnings on Feb. 25

Reno, Nev.-based Employers Holdings Inc. announced it will review the company’s fourth quarter and full year 2009 financial results during a conference call and Webcast on Febr. 25, 2010, at 10:30 a.m. PST. The Webcast will be accessible on the …

Why AIG Omitted JP Morgan from Underwriters for Life Insurer IPO

American International Group Inc. turned down JPMorgan’s attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly stemming from soured …

PartnerRe Full Year Net Income Soars to $1.53 Billion; Q4 $354 Million

PartnerRe Ltd. shook off a rather dismal 2008 with a strong performance in 2009. The Bermuda-based reinsurer posted net income of $354.4 million, or $4.25 per share on a fully diluted basis for the fourth quarter of 2009, compared to …

Aspen Net Income Bounces Back; $474 Million Full Year, $126 Million Q4

Aspen Insurance Holdings reported greatly improved results for the fourth quarter of 2009 and for the full year. The Bermuda-based Company listed the following earnings highlights: — Diluted book value per share of $34.04, up 21.1 percent over 2008 and …

Catlin Group Posts Record $603 Million Pre-tax Profits

Marsh Insurance Profit Up; Settlements Hit MMC Results

Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit increase in the fourth …

AXIS Posts Q4, Full Year Net Income Gains; Conference Call Details

Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2009 of $282 million, or $1.87 per diluted common share, compared with net income of $131 million, or $0.88 per diluted common share in Q4 2008. Net …

Main Street America Records Profitable and Busy 2009

The Main Street America Group reported its 2009 financial results that included a 1.3 percent increase in net premium to $815 million, an 18.2 percent return on equity, and a 97.4 combined ratio for the year ended Dec. 31, 2009. …

Mercury Insurance Sees 3.5% Decrease in Q4 Net Premium

Mercury General Corp. reported that net income for the fourth quarter of 2009 was $34.2 million compared with net loss of $168.3 million for the same period in 2008. For the year, net income for the Los Angeles-based company was …