Tag: insurance profits

Willis Towers Watson Tops Q3 Earnings Estimates

Willis Towers Watson came out with quarterly earnings of $1.73 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.90%. A quarter ago, it was expected that… Continue reading Willis Towers Watson Tops Q3 Earnings Estimates

RLI Reports Third-Quarter 2021 Results

RLI Corp. reported third quarter 2021 net earnings of $29.2 million ($0.64 per share), compared to $42.4 million ($0.93 per share) for the third quarter of 2020. Operating earnings for the third quarter of 2021 were $29.8 million ($0.65 per share), compared to $19.0 million ($0.42 per share) for the same period in 2020. Highlights… Continue reading RLI Reports Third-Quarter 2021 Results

AIG Surpasses Q2 Earnings and Revenue Estimates

AIG sells travel insurance product to Zurich

American International Group (AIG) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 27.73%. A quarter ago, it was expected… Continue reading AIG Surpasses Q2 Earnings and Revenue Estimates

Travelers Quarterly Profit More than Doubles

A close up of upwardly pointing arrows surround the face of Benjamin Franklin on the U.S. one hundred dollar bill.

Property and casualty insurer Travelers Companies Inc reported third-quarter profit on Tuesday that more than doubled, helped by higher premiums, lower costs and an increase in returns from non-fixed income investments. Travelers also recorded a one-time gain of about $403 million from Pacific Gas & Electric’s emergence from bankruptcy. The gain, which stemmed from payments… Continue reading Travelers Quarterly Profit More than Doubles

W.R. Berkley Corp Reports 3Q Profit of $151.7M

W.R. Berkley appointee

W.R. Berkley Corp. (WRB) on Tuesday reported third-quarter profit of $151.7 million. The Greenwich, Connecticut-based company said it had net income of 81 cents per share. Earnings, adjusted for investment gains, were 65 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for… Continue reading W.R. Berkley Corp Reports 3Q Profit of $151.7M

Munich Re Confirms to Beat 2019 Profit Forecast After Strong Q3

Munich Re on Thursday confirmed that it would beat its full-year profit target in 2019 after a strong third quarter. Net profit for the period was 865 million euros ($958.1 million) compared with EUR483 million a year earlier, while gross premiums written rose by 7.4% to EUR13.74 billion. Major losses totaled EUR981 million in the… Continue reading Munich Re Confirms to Beat 2019 Profit Forecast After Strong Q3

Munich Re Expects to Beat 2019 Profit Target After Strong 3Q

German reinsurer Munich Re on Friday said it expected to beat its full-year profit target in 2019 after a strong third quarter. Munich Re, which is due to report earnings on Nov. 7, said net profit in the quarter would be about 850 million euros ($945.63 million), despite expenses for major losses. The reinsurer’s profit… Continue reading Munich Re Expects to Beat 2019 Profit Target After Strong 3Q

Beazley Profits Almost Triple on Higher Insurance Premiums

Beazley on cyber premiums

Beazley has seen profits almost triple in the first half of the year after it was boosted by higher premiums. Shares in the Lloyd’s of London insurer lifted higher in early trading as it recovered from a turbulent period of high payouts caused by natural disasters. The firm said that a change in sentiment has… Continue reading Beazley Profits Almost Triple on Higher Insurance Premiums