Topic
Earnings / Ratings
AIG reports net income of US$462 million for Q3 2016 compared to net loss of US$231 million in Q3 2015
November 3, 2016 by Canadian UnderwriterAmerican International Group, Inc. (AIG) has reported a net income of US$462 million for the third quarter of 2016 ending Sept. 30 compared to a net loss of US$231 million in the prior-year quarter. Net income during the quarter included…
Swiss Re reports net income of US$3 billion for first nine months of 2016
November 3, 2016 by Canadian UnderwriterSwiss Re has reported a net income of US$3 billion for the first nine months of 2016, with all business units contributing to the result, “despite the difficult market environment.” The net income results, released on Thursday, compared to US$3.7…
Echelon Financial Holdings Inc. posts net income of $1.4 million in 2016 Q3, up from $1.3 million loss in 2015 Q3
November 3, 2016 by Canadian UnderwriterEchelon Financial Holdings Inc. has posted a net income of about $1.4 million in 2016 Q3 compared to a $1.3 million loss in 2015 Q3, although net operating income for the most recent quarter decreased markedly as a result of…
Markel Corporation reports consolidated net written premiums of US$3.162 billion for first nine months of the year
November 2, 2016 by Canadian UnderwriterGlen Allen, Va.-based Markel Corporation reported on Tuesday consolidated net written premiums (NWP) for the nine months ending Sept. 30 of US$3.162 billion, up from US$3.023 billion in the same prior-year period. Of the consolidated NWP for the nine-month period,…
Personal auto premiums for Q3 up 5% for Intact, personal property premiums up by 8%
November 2, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) has reported that personal auto premiums for the third quarter of 2016 ending Sept. 30 grew by 5%, while personal property premiums grew by 8% from the prior-year quarter. IFC said in its financial results released…
CNA Financial posts net income of US$343 million in 2016 Q3
November 1, 2016 by Canadian UnderwriterCNA Financial Corporation saw net income jump US$165 million to US$343 million in 2016 Q3 over the prior-year quarter, driven by the performance of its Property & Casualty Operations, higher net investment income and stable catastrophe losses. Net income for…
Non-life premiums down 4% at PartnerRe
October 28, 2016 by Canadian UnderwriterPartnerRe Ltd., which writes commercial insurance and reinsurance worldwide, reported this week a 4% drop in Q3 non-life premiums while the combined ratio was essentially unchanged at 82.7% PartnerRe, which is based in Pembroke, Bermuda and has a Toronto office,…
Net income for Aon up to US$307 million in Q3, Risk Solutions revenue up 2%
October 28, 2016 by Canadian UnderwriterAon plc has reported a net income attributable to shareholders of US$307 million for the third quarter of 2016 ending Sept. 30, up from US$295 million for the prior-year quarter. Total revenue was US$2.7 billion, similar to the prior-year quarter,…
The Co-operators General Insurance Company reports net income of $16.3 million in 2016 Q3 compared to loss in 2015 Q3
October 28, 2016 by Canadian UnderwriterThe Co-operators General Insurance Company posted $16.3 million in consolidated net income for 2016 Q3 compared to a net loss of $21.4 million in the prior-year quarter. “During the quarter, there were no material changes to the company’s estimated net…
Combined ratio down 4 points at Axis Capital
October 27, 2016 by Canadian UnderwriterAxis Capital Holdings Ltd. released Wednesday its financial results for the period ending Sept. 30, reporting a 2% overall increase in Q3 net premiums earned while underwriting income was up 46%. Pembroke, Bermuda-based Axis Capital reported net premiums earned of…
Combined ratio improves 2.7 points at Arch
October 27, 2016 by Canadian UnderwriterArch Capital Group Ltd. of Hamilton, Bermuda, reporting a 7.5% overall increase in net premiums written, a 2.1-point improvement in loss ratio and a drop in reinsurance premiums partly due to a decline in casualty, marine and aviation lines premiums.…
Everest Re’s combined ratio improves five points to 85.6% in Q3 2016
October 27, 2016 by Canadian UnderwriterHamilton, Bermuda-based Everest Re Group, Ltd. has reported a combined ratio for the third quarter of this year of 85.6%, a five-point improvement from 90.6% in the same quarter of 2015. Excluding catastrophe losses, reinstatement premiums and prior period loss…