Q3 2018 earnings News
Generali Beats Expectations as 9-Month Net Profit Rises 27 Percent
Italy's top insurer Generali said on Thursday its net profit in the first nine months of the year rose 26.8 percent to beat expectations, lifted by stronger life premiums and disposals. Net profit ...
Zurich, Hammered by Storm Losses, Boosts 9-Month Revenue
Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe ...
CNA Buoyed by Trump Tax Cuts and Lower Catastrophe Losses
The Trump tax cuts helped CNA Financial Corp.'s 2018 third quarter net income soar. Lower catastrophe losses also helped the bottom line, but investment income declined. Net income for the ...
Berkshire Hathaway’s Q3 Profit Gains Spanned Insurance and Everything Else
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited from ...
AIG CEO Duperreault Cautions Initial 2019 Underwriting Profit Won’t Be ‘A Great One’
American International Group has continued to face General Insurance underwriting losses since President and CEO Brian Duperreault took the helm of the struggling insurer in mid-2017. He remains ...
AIG Loses Money Again, With Natural Disaster Costs to Blame
Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018 compared to a net loss of $1.7 billion in the prior-year ...
The Hartford Boosted Q3 Profit With Lower Taxes, Higher Premiums and Acquisition Bounty
The Hartford booked significantly higher net income during its 2018 third quarter, thanks largely to higher returns in several lines and lower taxes. Third quarter 2018 net profit came in at $427 ...
Berkley’s Q3 Net Income Came in Flat; Premiums, Investment Income Grew
W.R. Berkley Corp.'s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net ...