Zurich reports weaker third quarter
by Richard Kilner
Story link: Zurich reports weaker third quarter
Zurich Insurance Group has reported its financial results for the first nine months and third quarter of 2012. In the first nine months of the year the firm reported a business operating profit of US$3.2bn and net income attributable to shareholders of US$2.7bn. This is a decline from the corresponding period last year, when the [...]
Lancashire Q3 and 9M profits on the rise
by Richard Kilner
Story link: Lancashire Q3 and 9M profits on the rise
Lancashire Holdings Limited has reported its financial results for the third quarter and first nine months of 2012. Quarterly return on equity rose from 3.6% to 5.7%, with 9M return on equity up from 10.4% in the corresponding period last year to 13.2%. In Q3 gross written premiums fell from $142.9m to $113.5m, and net [...]
Swiss Re reports rising Q3 profits
by Richard Kilner
Story link: Swiss Re reports rising Q3 profits
Swiss Re has reported its financial results for the third quarter of 2012. In Q3 the firm made a net income of US$2.2bn, up dramatically from the US$1.3bn of the corresponding period last year. The quarterly net income was even more substantially improved from the preceding quarter, when Swiss Re made just US$83m (largely due [...]
Munich Re reports strong 9M results
by Richard Kilner
Story link: Munich Re reports strong 9M results
Munich Re has reassessed its expected profits for 2012, and now believes that it will make more than previously estimated. In the first nine months of the year they made a profit of €2.7bn, enormously improved on the €80m of 9M 2011. Over the full course of 2012 the firm is now predicting that it [...]
Ageas UK achieves record profits
by Richard Kilner
Story link: Ageas UK achieves record profits
Ageas UK has reported its financial results for the first nine months of 2012, during which it made pre-tax profits of £106.7m. This is 36.4% more than the £78.3m of the corresponding period last year, and is a new record for the firm. It also follows biannual pre-tax profits of £64.1m, an 81% rise from [...]
MMC reports rising profits
by Richard Kilner
Story link: MMC reports rising profits
Marsh & McLennan Companies, Inc. (MMC) has reported that in the third quarter of 2012 it made consolidated revenue of $2.8bn, a 1% year-on-year rise. Quarterly income from continuing operations was $246m, equating to $0.43 per share, nearly double the $133m ($0.23 per share) of the corresponding period last year. Net income was $241m, up [...]
XL reports strong profits in Q3
by Richard Kilner
Story link: XL reports strong profits in Q3
XL Group plc has reported its financial results for the third quarter of 2012, during which it made net income of $171.9m. This is approximately fourfold the $42.4m that the firm made during the corresponding period last year, but is down a quarter on the $221.2m it made in Q2 2012. Net income per share [...]
Navigators report Q3 results
by Richard Kilner
Story link: Navigators report Q3 results
The Navigators Group, Inc. has reported that in the three months ended 30 September 2012 it made a net income of $12.9m, equating to $0.90 per diluted share. This is slightly down on the $13.9m, or $0.92 per diluted share, the firm made during the corresponding period last year. Quarterly gross written premiums were $298.7m, [...]
AIG reports Q3 net income of $1.9bn
by Richard Kilner
Story link: AIG reports Q3 net income of $1.9bn
American International Group, Inc. (AIG) has reported its financial results for the third quarter of 2012, during which it made a net income of $1.9bn. This is a significant turn around since the corresponding quarter last year when the firm incurred a net loss of $4bn, but is a decline from the second quarter of [...]
PartnerRe reports strong third quarter results
by Richard Kilner
Story link: PartnerRe reports strong third quarter results
PartnerRe Ltd. has reported its financial results for the third quarter of 2012, during which the firm made net income of $486.7m, or $7.53 per share. This is about two and a half times as much as the firm made in the corresponding period last year ($180.1m, equating to $2.43 per share) or during the [...]
CNA reports rising Q3 and 9M profits
by Richard Kilner
Story link: CNA reports rising Q3 and 9M profits
CNA Financial Corporation has reported its financial results for the third quarter of 2012, including net income of $221m, equating to $0.82 per share. This is an improvement of about a third from the $166m, or $0.62 per share, the firm made during the preceding quarter. It is also about three times the net income [...]
Validus reports strong Q3 and 9M results
by Richard Kilner
Story link: Validus reports strong Q3 and 9M results
Validus Holdings, Ltd. has reported its financial results for the third quarter of 2012, including net income of $207.3m, equating to net income of $2.11 per diluted common share. This is almost fourfold the $56.5m net income ($0.54 per diluted common share) the firm achieved in the corresponding period last year, and is also a [...]
Chubb reports record Q3 results
by Richard Kilner
Story link: Chubb reports record Q3 results
The Chubb Corporation has reported that in the third quarter of 2012 it made a net income of $533m, a significant increase on the $298m it made during the corresponding period last year. Net income per share saw a similarly substantial improvement, rising year-on-year from $1.04 to $1.98. Quarterly operating income more than doubled from [...]
Aspen reports improved Q3 results
by Richard Kilner
Story link: Aspen reports improved Q3 results
Aspen Insurance Holdings Limited has reported its financial results for the third quarter of 2012, including net income of $115.1m, up from $21.2m in Q3 2011, and diluted earnings per share of $1.45. This is a substantial improvement on the corresponding period last year when the firm made diluted earnings per share of $0.21. Year-on-year, [...]
Willis reports third quarter results
by Richard Kilner
Story link: Willis reports third quarter results
Global insurance broker Willis Group Holdings plc has reported its financial results for the quarter and nine months ended 30 September 2012. Reported net income for the third quarter was $26m, equating to $0.15 per diluted share, less than half the $60m, or $0.34 per diluted share, it made during the corresponding period last year. [...]
ACE reports strong third quarter results
by Richard Kilner
Story link: ACE reports strong third quarter results
ACE Limited has reported its financial results for the quarter ended 30 September 2012, including net income of $640m compared to a loss of $39m in the corresponding period last year. The firm reported net income per share of $1.86, a significant improvement on the net loss per share of $0.11 suffered last year. The [...]
Helphire reports preliminary annual results
by Richard Kilner
Story link: Helphire reports preliminary annual results
Helphire has reported its preliminary financial results for the year ended 30 June 2012. The firm reported a statutory operating loss of £0.7m, and adjusted operating profit of £1.4m, less than half the £3.4m that it achieved in the preceding year. Helphire also incurred a loss before taxation of £6.3m, with net debt reduced by [...]
Lloyd’s reports strong biannual profits
by Richard Kilner
Story link: Lloyd’s reports strong biannual profits
Lloyd’s has reported that during the first six months of 2012 it made a profit of £1.53bn. This is the highest interim profit that Lloyd’s has achieved for five years, and is a swift return to the black after it incurred a £697m interim loss during the first half of 2011. Total net claims fell [...]
Canopius achieves record biannual results
by Richard Kilner
Story link: Canopius achieves record biannual results
Specialist (re)insurance underwriting business Canopius Group Limited has reported its interim financial results for the six months ended 30 June 2012. The firm reported a profit to shareholders, after tax, of £33m in H1 2012, a return to the black after incurring a £51m loss in the corresponding period last year. Annualised return on equity [...]
Ecclesiastical reports falling profits
by Richard Kilner
Story link: Ecclesiastical reports falling profits
Specialist insurer Ecclesiastical has reported its interim financial results for the first six months of 2012, including a rise in gross written premiums from £235.2m to £240.7m. However, biannual pre-tax profits were more than halved from £16.8m to just £8m in the first half of 2012. The firm’s underwriting loss more than doubled from £6m [...]
