Performance
Profits For U.S. Banks In 2012 Highest Since 2006: FDIC
The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The FDIC said ...QBE Cuts Dividend, Reports Lower Than Expected Profit
QBE Insurance, Australia's biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its ...Tower Group Reports Fourth-Quarter Loss
More than $80 million of after-tax net losses from Superstorm Sandy drove bottom-line red ink at New York-based Tower Group, Inc., which reported a net loss of $52.1 million, or $1.36 per share, for ...
AIG 4th Quarter Operating Results Beat Expectations
Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this ...Lucky Or Smart? Experts Weigh In On P/C Industry’s Sandy Impact
While a rating agency analyst contends that good risk management is protecting insurers as they face a new normal level of catastrophe losses, other experts believe luck is playing a bigger role than ...