Keyword
financial results
Crawford more than doubles net income in second quarter of 2016
August 9, 2016 by Canadian UnderwriterAtlanta, Ga.-based Crawford and Company has reported a net income attributable to shareholders of US$8.6 million in the second quarter of 2016, more than double the net income of US$4.1 million in the same period last year. Claims management provider…
Berkshire Hathaway’s insurance premiums earned up nearly US$2 billion in first half of 2016
August 8, 2016 by Canadian UnderwriterBerkshire Hathaway Inc. has reported US$21.923 billion in insurance premiums earned for the first six months of the year, up from US$19.940 billion in the first half of 2015. For the second quarter of 2016 ending June 30, insurance premiums…
Economical Insurance cites wildfire’s impact, net income drops to $17.1 million in 2016 Q2
August 8, 2016 by Canadian UnderwriterCanada’s worst-ever insured natural disaster – the Fort McMurray wildfire – delivered a hard hit to the underwriting activity of Economical Insurance, contributing to a net income in the second quarter of 2016 of about half the prior-year quarter. Economical…
RSA Group reports $75 million net claims cost for Fort McMurray wildfire in 2016 interim results
August 6, 2016 by Canadian UnderwriterRSA Insurance Group plc has reported a net claims cost of 39 million pounds – or $75 million – for the recent Fort McMurray wildfire and 35 million pounds for the United Kingdom and European floods in June in its…
Allstate reports US$961 million in cat losses in second quarter of 2016
August 5, 2016 by Canadian UnderwriterNorthbrook, Ill.-based Allstate Corporation has reported catastrophe losses of US$961 million in the second quarter of 2016 compared to US$797 million in the same quarter of 2015 and US$1.79 billion in the first six months of the year compared to…
Combined ratio up 18 points for PartnerRe
August 3, 2016 by Canadian UnderwriterPartnerRe Ltd. has reported an 18-point deterioration in its combined ratio for the three months ending June 30, with the wildfire in Alberta contributing 7.5 points, or $73 million, to its loss expenses for the second quarter of this year.…
Markel reports 3-point drop in combined ratio in Q2 2016 to 93%, US$25.3 million underwriting loss related to Fort McMurray wildfire
August 3, 2016 by Canadian UnderwriterMarkel Corporation has reported a 3 point drop in its combined ratio for the second quarter of 2016 ending June 30, from 96% in Q2 2015 to 93% in the most recent quarter, despite a US$25.3 million underwriting loss related…
Combined ratio for AIG up 3.3% in Q2 2016 to 102.1%
August 3, 2016 by Canadian UnderwriterAmerican International Group, Inc. (AIG) has reported a 3.3% deterioration in its combined ratio for the second quarter of 2016, from 98.8% in Q2 2015 to 102.1% in the most recent quarter, reflecting underwriting loss driven by higher catastrophe losses,…
P&C combined ratio improves one point to 97.4% for CNA Financial, net income at US$209 million for Q2 2016
August 2, 2016 by Canadian UnderwriterCNA Financial Corporation has announced a one point improvement in its P&C combined ratio for the second quarter of 2016 ending June 30, from 98.4% last year to 97.4% in the most recent quarter. For the first six months of…
Arthur J. Gallagher reports brokerage segment revenues up US$53.5 million in Q2
July 29, 2016 by Canadian UnderwriterItasca, Ill.-based Arthur J. Gallagher & Co. (AJG) released its financial results on Thursday, announcing that its brokerage segment revenues were up to US$939.1 million as reported in the second quarter of 2016 from US$885.6 in Q2 2015. For the…
The Co-operators reports net loss of $39.1 million in 2016 Q2 for Co-operators General Insurance Company
July 29, 2016 by Canadian UnderwriterCo-operators General Insurance Company, part of The Co-operators Group, took a hit from the devastating Fort McMurray wildfire, reporting a consolidated net loss of $39.1 million for 2016 Q2 compared to a net income of $58.2 million for 2015 Q2.…
Aspen Insurance combined ratio up 7.1 points in Q2 2016, gross written premiums increase by 10.9%
July 28, 2016 by Canadian UnderwriterAspen Insurance Holdings Limited has reported a combined ratio of 100.7% for the second quarter of 2016 compared with 93.6% for the second quarter of 2015. Hamilton, Bermuda-based Aspen Insurance also reported a net income after tax of US$64.9 million…