Trump tax cuts Archives - Page 2 of 2

Buffett’s Berkshire Hathaway Gained From Trump Tax Cuts; Insurance Division Took Cat Cost Hit

Warren Buffett's Berkshire Hathaway Inc. was a big winner from the recent tax overhaul. Book value, a metric he's called a "crude, but useful" way to track the conglomerate's worth, climbed 13 ...

AIG Reports $6.7B Loss Attributed to Catastrophes and Tax Reform

American International Group Inc posted a $6.7 billion fourth-quarter loss on Thursday as the U.S. insurer booked a big charge related to U.S. tax reform and losses from global catastrophes. ...

Allstate’s Q4 Excelled With Underwriting, Investment Income and Tax Cut Gains

The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts ...

W.R. Berkley CEO: Trump Tax Cuts Bring Domestic Carriers a ‘Double Plus’ Benefit

W.R. Berkley Corp. President and CEO Robert Berkley Jr. referred to the Trump tax cuts as a "double plus" that will benefit domestic insurers in a number of ways in the months ahead. "From our ...

U.S. Tax Cuts Will Test Bermuda’s Insurance/Reinsurance Model: Fitch

The Bermuda insurance/reinsurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the ...

Travelers Produces a Q4 Profit Despite Catastrophe and Tax Cut Hits

Travelers took a big Q4 hit from a tax-cut-related charge and catastrophe-related expenses but still pulled in a profit. The insurer booked $551 million in net income, or $1.98 per share, during the ...