Keyword
net income
Q1 revenues up 5% at Aon
May 9, 2017 by Canadian UnderwriterAon plc reported Tuesday its commercial risk solutions revenue of $984 million in the three months ending March 31, up 2% from $961 million during the same period in 2016, while net income, company wide, dropped 9% due in part…
U.S. P&C insurers report US$4.7 billion net underwriting loss in 2016: Verisk Analytics
May 8, 2017 by Canadian UnderwriterPrivate property and casualty insurers in the United States suffered a US$4.7 billion net underwriting loss in 2016 following a US$8.9 billion net underwriting gain in 2015, according to ISO, a Verisk Analytics business, and the Property Casualty Insurers Association…
Economical Insurance posts net income of $5.3 million in 2017 Q1, down from $28.5 million in prior-year quarter
May 8, 2017 by Canadian UnderwriterAuto lines, catastrophe and weather-related losses served as a drag on underwriting results which, in turn, contributed to Economical Insurance posting net income of $5.3 million in 2017 Q1 compared to $28.5 million in 2016 Q1. “Higher investment income was…
Combined ratio up 2.1 points, non-life premiums down 14% at PartnerRe
May 5, 2017 by Canadian UnderwriterA change in the measure used to calculate lump sum awards in bodily injury cases in Britain had an impact on PartnerRe Ltd.’s financial results, which the Hamilton, Bermuda insurer released Wednesday. PartnerRe, which has a Toronto branch office, reported…
Echelon reports Canadian combined ratio of 94% for Q1 2017, down 6% from Q1 2016
May 4, 2017 by Canadian UnderwriterMississauga, Ont.-based Canadian P&C insurer Echelon Financial Holdings Inc. has reported a Canadian combined operating ratio of 94% for the three months ending March 31, down from 100% in Q1 2016 and driven by strong results in both personal and…
The Co-operators reports net income of $34.6 million for Q1 2017, combined ratio of 102.5%
May 2, 2017 by Canadian UnderwriterGuelph, Ont.-based Co-operators General Insurance Company has reported a consolidated net income of $34.6 million for the first quarter of 2017 ending March 31, down from $39.3 million in the first quarter of 2016. The company’s combined ratio, excluding market…
Aspen posts net income after tax of US$95.5 million for first quarter of 2017
April 27, 2017 by Canadian UnderwriterHamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a net income after tax of US$95.5 million for the first quarter of 2017 ending March 31, down from US$114.4 million in the same quarter of 2016. The insurer’s operating income after…
SCOR reports combined ratio of 94.5% and net income of 140 million euros in Q1 2017
April 27, 2017 by Canadian UnderwriterFrench reinsurer SCOR SE has reported a P&C combined ratio of 94.5% and a net income of 140 million euros for the first quarter of 2017 ending March 31. SCOR released its financial results on Thursday. Its 94.5% P&C combined…
CIBC economist tells insurers how investment returns could be affected by ‘things that go Trump in the night’
April 26, 2017 Greg Meckbach, Associate EditorInterest rates in Canada are predicted to stay “very low by historic standards” through the end of 2019, an economist recently told insurance professionals, while a “movement against globalization” is a concern for one of Canada’s largest carriers. Avery Shenfeld,…
Chubb net income up 149.2% to US$1.09 billion in Q1 2017
April 26, 2017 by Canadian UnderwriterChubb Limited has reported a 149.2% increase in net income for the first quarter of 2017 ending March 31, from US$439 million in Q1 2016 to US$1.09 billion in the most recent quarter. Operating income was US$1.17 billion, up 15.3%…
Travelers reports combined ratio of 96% for Q1, net income of US$617 million
April 20, 2017 by Canadian UnderwriterThe Travelers Companies, Inc. has reported a combined ratio of 96% for the first quarter of 2017, up 3.7 points from 92.3% in the first quarter of last year. Net income for the first quarter of 2017 ending March 31…
Global reinsurer capital up by 5% to US$595 billion as of year-end 2016: Aon Benfield
April 11, 2017 by Canadian UnderwriterGlobal reinsurer capital rose by 5% to US$595 billion at Dec. 31, 2016, according to the latest edition of the Aon Benfield Aggregate (ABA) report. The report, released on Tuesday, highlights trends in property and casualty reinsurance through the analysis…