Q4 2020 financial results News
Berkshire Hathaway’s Commercial Lines, Re Top Lines Helped Offset Q4 Coronavirus Impact
Warren Buffett's Berkshire Hathaway Inc on Saturday said stock market gains fueled a record quarterly profit, while the billionaire signaled investors are undervaluing his company by repurchasing ...
AIG’s P/C Business Books $171M Underwriting Loss
American International Group's property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after the insurer celebrated the division's return to ...
Travel Business Dip, Catastrophes Leave Arch Capital With Insurance Underwriting Loss
Arch Capital Group reported a huge jump in fourth quarter net income, thanks in part to rate hikes and new business. But the Bermuda-based carrier's insurance business experienced an underwriting ...
CNA Sees Big Q4 Gains as Market Hardens
CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net income versus $273 million the year before. Net income per share during ...
The Hartford Sustains Profit Dip Due to COVID Life Insurance Claims
Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2 percent from fourth ...
Chubb CEO Greenberg on COVID Loss Predictions, Cyber and Rioters
COVID-19-related underwriting losses for the property/casualty insurance industry remain on track to reach as high as $80 billion, Chubb Chairman and CEO Evan Greenberg said in a sober assessment of ...
Allstate’s Net Income Grew 52 Percent Higher; Auto Underwriting Improved
Insurer Allstate reported improved auto underwriting results and strong investment returns for the 2020 fourth quarter. Net income was up 52 percent to $2.6 billion for the quarter compared to net ...
China’s Ping An Insurance Reports First Annual Profit Drop Since 2008
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Wednesday reported its first annual fall in profit since 2008, as COVID shutdowns hampered business growth. The ...