financial results News
AXIS Net Income Plunges, but Reinsurance Results Improve
Net income plunged due to the declining value of its alternative investments, but AXIS Capital Holdings touted solid gains in its reinsurance and insurance segments alike during the 2016 first ...
Most Insurance M&A Deals Haven’t Improved Financial Strength: S&P
The flurry of insurance mergers and acquisitions that yielded about $150 billion of transactions globally in 2015 may endure even after years of "patchy" results for some companies making deals, ...
CNA Lost $70M in Q4, Dragged Down by Life & Group Results
CNA Financial Corp. lost $70 million in its 2015 fourth quarter, an outcome shaped in part by declining investments and its Life & Group results. The Illinois-based property/casualty insurer ...
Catlin Doubles Profit Amid Rate Deterioration, Plane Crashes
Catlin Group Ltd., the insurer paying for two Malaysian Airline disasters, rose the most in more than a year in London trading after reporting record earnings even as deteriorating rates plague the ...
W.R. Berkley Q4 Profit Declines 21%; Underwriting Improves
W. R. Berkley Corp. reported $130.38 million in net income for the 2013 fourth quarter, a 21 percent decline compared to $165.49 million reported during the prior-year fourth quarter. The net income ...Lower Disaster Claims, Higher Prices Boost Travelers’ Q4 Profit
Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm ...
AIG Earnings Show Progress and Room for Improvement: Analysts
American International Group Inc. reported earnings nearly in line with expectations on Thursday, but the stock fell after hours as analysts still saw room for improvement in the insurer, which ...