All the headlines from our Profit Loss Topic Page, ordered by recency.
Nov 2 2023 // Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million during the same time a year ago.The Northbrook, Illinois-based insurer recorded an improvement in its third quarter...
Oct 30 2023 // Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and...
Oct 30 2023 // CNA Financial reversed a third quarter loss of $42 million in 2022 with net income of $258 million this year on higher investment income, positive underwriting income and lower catastrophe losses.The Chicago-based insurer...
Oct 27 2023 // The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment.The Hartford, Connecticut-based insurer said third quarter net income in commercial lines...
Oct 26 2023 // Kentucky’s Insurance Commissioner has approved a 6.4% decrease in average workers’ compensation loss costs for the state, making it the 18th consecutive drop in costs for most Kentucky employers.“The...
Oct 26 2023 // Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds of 165 miles (266 kilometers) per hour, smashing shops and wrecking apartment buildings and...
Oct 25 2023 // Brown & Brown Inc. (BRO on NYSE) this week reported third-quarter earnings of $175.9 million.The Daytona Beach, Florida-based brokerage said it had net income of 62 cents per share. Earnings, adjusted for non-recurring...
Oct 25 2023 // Third quarter net income at Chubb Ltd. shot up to $2.04 billion, an increase of nearly 158% over last year’s $792 million during the same quarter.Chubb’s P/C underwriting income was up about 84% to $1.3 billion...
Oct 24 2023 // Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past analysts’ estimates.The reinsurer said it expects a profit of €4.5 billion ($4.8 billion)...
Oct 24 2023 // Third quarter net income at W.R. Berkley Corp. increased nearly 46% compared to the same period last year to about $334 million.The Greenwich, Connecticut-based insurer’s consolidated combined ratio for the quarter...
Oct 20 2023 // Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50 billion mark for the first time on record and accounting for roughly 60% of all global...
Oct 19 2023 // Allstate Corp. today reported September catastrophe losses of $317 million and total catastrophe losses for the third quarter of about $1.2 billion pretax.Seventeen events in September resulted in catastrophe losses of...
Oct 19 2023 // Ahead of its third quarter earnings announcement early next month, The Hanover Insurance Group released a preliminary estimate of catastrophe losses of nearly $196 million primarily from multiple convective storms in the...
Oct 18 2023 // Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe losses and unfavorable reserve development.As one of the first insurers to report quarterly...
Oct 16 2023 // Minors and parents suing Meta Inc.’s Facebook and other technology giants for the kids’ social media platform addictions won an important ruling advancing their collection of lawsuits in a California court.A...
Oct 16 2023 // Progressive Corp. posted significant improvement in third quarter earnings late last week – with net income of $1.12 billion compared to $124.1 million a year ago during the same period.Progressive gave a snapshot of...
Oct 13 2023 // Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses.Forty-eight percent of participants reported they...
Oct 12 2023 // American International Group (AIG) on Oct. 11 announced three significant appointments within its executive leadership team.David McElroy, currently chief executive officer of General Insurance, will assume a newly created...
Oct 11 2023 // Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace...
Oct 11 2023 // The severe weather in New York City and other spots around the country in late September could end up costing hundreds of millions of dollars in economic and insurance losses, according to global insurance broker...