All the headlines from our Profit Loss Topic Page, ordered by recency.
Feb 17 2022 // Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General Insurance business.After reporting a net loss of $60 million in the fourth quarter...
Feb 15 2022 // An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during...
Feb 15 2022 // The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week.Perhaps that should be no surprise....
Feb 11 2022 // Recently posted data provides new insight on the dire financial situation for Florida Farm Bureau, one of four carriers that announced it would stop writing or non-renew thousands of homeowner policies in Florida this...
Feb 10 2022 // Louisiana policyholders seeking to file proof of loss for damage due to Hurricane Ida have until Feb. 25, when a 180-day deadline for most residential and commercial property insurance policies expire. Louisiana Insurance...
Feb 10 2022 // Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss insurer reported its biggest annual profit since the financial...
Feb 9 2022 // Finnish financial group Sampo reported stronger than expected fourth quarter earnings on Wednesday boosted by its core insurance operations, sending its share up more than 2%.The pan-Nordic insurer reported a pretax profit...
Feb 7 2022 // CNA Financial Corp. said fourth quarter 2021 net income decreased more than 30% to $266 million compared to the same period the prior year.There was a drop in net investment income during the last three months of 2021 to...
Feb 7 2022 // Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability.Through...
Feb 4 2022 // Net income at the The Hartford for the fourth quarter 2021 ended at $729 million, a 36% increase from income of $537 million the same period a year earlier.For the year, net income was about $2.37 billion compared to $1.74...
Feb 4 2022 // Insured losses from major natural catastrophes in 2021 – excluding COVID-related losses – have so far reached an estimated US$116 billion, the third largest total since 2011, and about 63% higher than the average loss...
Feb 3 2022 // Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth quarter financial results.Kemper Corp. reported a net loss of $105.8 million...
Feb 3 2022 // Allstate Corp. said fourth quarter 2021 net income plummeted 50% compared to results of the prior year quarter as auto claim frequency and severity increased.Adjusted net income for Q4 was $796 million compared to about...
Feb 2 2022 // Chubb reported fourth quarter 2021 net income of $2.1 billion, a decrease of 11.5% compared to the same period the prior year.Nevertheless, the insurer had what CEO Evan G. Greenberg called “one of the best years in...
Jan 27 2022 // Vermont businesses will see a rate decrease of 4.9% in workers’ compensation costs. The reduction will be effective on April 1, 2022, and is estimated to save Vermont employers more than $8 million in premiums over...
Jan 27 2022 // Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803 million.Full year net income increased about 56% to $3.1 billion from $2 billion for all of 2020. Net income...
Jan 26 2022 // Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon’s “2021 Weather, Climate and Catastrophe Insight” report.Insured losses from...
Jan 26 2022 // Fourth quarter 2021 earnings at Progressive Corp. fell 43% compared with the same time period a year ago to $962.3 million.The results were despite the personal and commercial property insurer posting an increase of 13% in...
Jan 25 2022 // Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability.Through...
Jan 24 2022 // Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business.Co-Founder and CEO Alex Timm in an...