All the headlines from our Profit Loss Topic Page, ordered by recency.
Sep 6 2021 // The U.S. property/casualty industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period.According to a new AM Best report, a 5.4% growth in net earned premiums...
Sep 3 2021 // “What is life worth?” asks Washington lawyer Kenneth J. Feinberg (Michael Keaton) in the opening scenes of the based-on-a-true-story drama “Worth,” while writing the question on a blackboard for a...
Sep 3 2021 // Insurance industry insured losses to onshore property resulting from Hurricane Ida’s winds and storm surge will range from $17 billion to $25 billion.AIR’s modeled insured loss estimates include insured...
Sep 2 2021 // Though estimates of Hurricane Ida’s impact on the insurance industry vary, both AM Best and S&P Global Ratings say losses will be manageable for insurers and that no rating actions are expected as a result of the...
Sep 2 2021 // Ryan Specialty Group Holdings, Inc., which completed its initial public offering on July 26, announced results for the second quarter including 58.3% growth in total revenue year-over-year to $390.0 million, compared to...
Aug 31 2021 // With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the...
Aug 27 2021 // Ping An Insurance Group Co. of China, China’s largest insurer by market value, reported a 15.5% fall in first-half net profit after a 20.8 billion yuan ($3.2 billion) loss suffered on investments in beleaguered...
Aug 26 2021 // Catastrophe modeling firm the Karen Clark & Company (KCC) estimates that the insured loss to onshore properties from Hurricane Grace will be around $330 million—$300 million in Mexico and $30 million in the...
Aug 23 2021 // The U.S. property/casualty industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period.According to a new AM Best report, a 5.4% growth in net earned premiums...
Aug 23 2021 // RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred between July 12 and 18, 2021, will likely range between €5 billion...
Aug 19 2021 // The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a result of lower...
Aug 17 2021 // The large 7.2 magnitude earthquake, which hit Haiti on Aug. 14, is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. (KCC).While the insured losses from this event...
Aug 13 2021 // Estimated insured losses from natural catastrophes reached US$40 billion during the first half – driven by a deep winter freeze, hailstorms and wildfires, while man-made disasters triggered another estimated US$2 billion...
Aug 12 2021 // Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact from COVID-19 on their businesses eased.Buoyant markets along with higher policy sales...
Aug 10 2021 // German reinsurance group Munich Re said on Tuesday it would meet its 2021 profit goal as it raised its forecast for gross premiums and predicted higher pandemic-related losses than previously anticipated.Munich Re made the...
Aug 9 2021 // Berkshire Hathaway’s insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate’s GEICO unit dragged down...
Aug 6 2021 // American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer catastrophe losses and strong rate hikes in its property/casualty business.The...
Aug 6 2021 // FRANKFURT – German insurer Allianz on Friday posted a better-than-expected 46% jump in second-quarter net profit and provided a rosier outlook for the full year as it emerges from pressure on business caused by the...
Aug 4 2021 // McLarens, the Atlanta-based independent insurance services provider, announced the acquisition of MGB Claims Consultants Inc., a complex commercial claims adjusting firm in Canada.Financial terms of the transaction were...
Aug 3 2021 // Generali on Tuesday said it was on track to meet full-year targets after Italy’s top insurer reported a good performance across all business sectors to slightly beat first-half expectations.Operating profit rose...