Q1 2021 financial results News
Investment Gains Fuel Liberty Mutual’s Q1 Income Results
Strong investment income gains helped Liberty Mutual more than doubled its first-quarter net income, largely countering more than $1 billion in catastrophe losses. Still, its consolidated combined ...
AIG’s P/C Business Squeaks Into the Black; Net Income Soars
AIG's property/casualty insurance business squeaked into the black during the first quarter after losing money a year ago, and the company's overall net income grew substantially, thanks in part to ...
Allstate Books $1.4B Q1 Loss Over Life and Annuity Divestitures
Allstate lost more than a billion dollars during the first quarter, stemming from the sale of its life insurance and annuity business. But the company substantially boosted revenues based on ...
Hiscox Q1 Overall Growth Offsets U.S., Cyber Repositionings
Hiscox Ltd reported gross written premiums up 6.3 percent to $1,3 billion, with growth in Hiscox London Market, Hiscox Europe and direct and partnerships business more than offsetting planned ...
A Rebound for CNA’s Q1 Net Income, but Catastrophe Losses Soar
CNA Financial Corp. saw its first quarter net income improve dramatically over the previous year, thanks in part to better investment numbers. At the same time, CNA's net pretax catastrophe losses ...
Berkshire Hathaway’s Q1 Insurance Underwriting Income Rebounds; Reinsurance Results Mixed
Berkshire Hathaway saw its insurance earnings improve dramatically overall, after taking a hit the previous year when COVID-struck the world. The Warren Buffet-led conglomerate produced $764 million ...
Buffett Said Berkshire Hathaway Benefited From U.S. Economy’s Unexpected Strengths
Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making ...
Big Commercial Rate Hikes Continue at Chubb; Investment Portfolio Takes Hit
Chubb's 2021 first quarter landed with massive net income. The company alsi benefited from double-digit commercial premium rate hikes and a healthy P/C combined ratio. COVID-19 continued to adversely ...