financials News
CNA’s Specialty Arm Helped Carry Q2 Toward Solid Results
CNA Financial Corp. dealt with higher catastrophe losses in its 2016 second quarter. But the property/casualty insurer did well in its specialty and commercial divisions, and net income soared. Also, ...
The Hanover’s Q1 Net Income Jumps 42%, Thanks to Lower Catastrophe Losses
Lower catastrophe losses led to a surge in net income for The Hanover Insurance Group Inc. during the first three months of 2016. The Worcester, MA-based insurer reported net income of $78.2 million ...
From the Web: More Companies Accentuate the Positive Instead of GAAP Results
Companies are increasingly accentuating the positive elements in their financial results, and trying to downplay the less flattering numbers. As the New York Times reports, regulators still require ...
Investors Reward Zurich For Payout and Profit News
Zurich Insurance Group AG, Switzerland's biggest insurer, surged after saying it will distribute more than $3.5 billion in cash this year and operating profit climbed. The shares advanced as much as ...
The Hartford’s Former Leader Reflects on Turnaround
The Hartford Financial Services Group's Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year's shareholder meeting, spoke about the company's ...
Swiss Re’s Q1 P/C Premiums Soared, But So Did Its Combined Ratio
Swiss Re Group saw its net income plunge in the 2014 first quarter, but the reinsurance giant said it still performed well compared with the "exceptional" results it produced over the same period ...
For CNA, Bad Weather and Division Sale Hamper Q1 Numbers
The biggest hit to CNA's 2014 first-quarter net income comes from short-term costs relating to the planned sale of its Continental Assurance Co. life and group insurance business to Wilton Re ...
Hartford Reports Third Straight Loss on Asbestos, Annuity Costs
Hartford Financial Services Group Inc., the insurer exiting life operations to focus on property/casualty coverage, posted a third straight loss on asbestos liabilities and costs tied to variable ...