financial results News
Hurricanes, Quakes Hammer Berkshire Hathaway’s GEICO, Gen Re, Other Insurance Units
Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent ...
Travelers CEO Schnitzer: ‘Our Disciplined Underwriting Stood Up to the Storms’
While hurricanes hammered Travelers with $700 million in pre-tax catastrophe losses, the property casualty insurer still ended its 2017 third quarter in the black. Travelers reported $293 million in ...
U.S. P/C Insurers Generated H1 Net Loss of $5.1B: A.M. Best
The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the ...
North America Rebounds in QBE’s H1; Emerging Market Results Tank
QBE reported a healthy profit hike during the first half of 2017, despite heightened claims activity in its Emerging Markets' division, which reported a combined ratio of 110.8 percent. This poor ...
CNA Scores With Successful Second Quarter
CNA Financial Corp. saw its second quarter net income climb at a robust clip, and catastrophe losses along with its combined ratio shrink down to a healthier level. Chairman and CEO Dino Robusto said ...
W.R. Berkley Cut Back Reinsurance Underwriting in a Flat Q2
Weather related losses and a competitive reinsurance business nudged W.R. Berkley Corp.'s 2017 second quarter combined ratio higher. But a nearly 5 percent growth investment income and gains in ...
Travelers Net Income Drops 10%; Weather-Related Losses, Personal Auto Results to Blame
As sizable as Travelers' $595 million in 2017 second quarter net income was, it was a good 10 percent lower than the same period a year ago. Weather-related losses and higher personal body injury ...
Guidewire’s Q3 Net Losses Spiked, But Revenue Soars as Acquisitions Absorbed
Guidewire Software Inc. grew revenue and concluded a major acquisition in its 2017 fiscal third quarter, but losses spiked. The California-based insurance software operation booked more than $1.8 ...