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Kingsway reports $4.9 million loss in Q2
By ILSTV Staff on Aug 15, 2011 in Financial Reports
Kingsway recorded net loss of $9.0 million in the Underwriting segment for the second quarter ($17.4 million year to date)
Tag: "Q2"
EGI Financial reports Q2 net income of $1.9 million, down from $4.8 million
By ILSTV Staff on Aug 24, 2010 in Financial Reports
EGI Financial Holdings Inc. announced its results for the three and six-months ended June 30, 2010. Q2 Financial Highlights include: - Net income of $1.9 million, compared to $4.8 million in the second quarter of 2009 - Net income per fully diluted share of $0.15, compared to $0.38 in the second quarter of 2009 - [...]
CI Financial reports second quarter earnings rise to $89M from $52.9M
By ILSTV Staff on Aug 23, 2010 in Financial Reports
CI Financial Corp., Canada’s third-largest investment funds company, reports its second-quarter profits rose to $89 million from $52.9 million as the company generated higher revenues and cut operating costs. Average assets under management increased to $63.5 billion from $53.7 billion last year, but retail assets were down from the first quarter, the Toronto wealth manager [...]
Insurer Zurich Financial reports 5% drop in Q2 net profit to $707M
By ILSTV Staff on Aug 20, 2010 in Financial Reports
Swiss insurer Zurich Financial Services Group reported a 51 per cent drop in the second-quarter net profits to $707 million as earnings were hit by payouts for weather-related losses and the earthquake in Chile. This compares with a profit of $1.43 billion during the same period last year. The Zurich-based company says investment income fell [...]
Berkshire Hathaway says Q2 profit down 40% on derivative losses
By ILSTV Staff on Aug 20, 2010 in Financial Reports
Warren Buffett’s company reported a 40 per cent drop in second-quarter profit because the improvement at Berkshire Hathaway Inc.’s operating companies couldn’t overcome US$1.4 billion in paper losses on derivative contracts. Berkshire’s strong performances from its railroad, insurance and manufacturing businesses was overshadowed by the plummeting value of the Omaha company’s derivatives – many of [...]
Insurance company Swiss Re reports a Q2 net profit of $812M
By ILSTV Staff on Aug 19, 2010 in Financial Reports
Swiss Re Insurance Co. has reported a net profit of US$812 million for the second quarter despite payouts for two large-scale disasters. The company recorded a net loss of $342 million during the same period last year. Swiss Re says earnings per share were 2.56 Swiss francs compared to a loss per share of 1.13 [...]
SCOR’s Q2 performance drives H1 2010 net income to EUR 156 million
By ILSTV Staff on Aug 19, 2010 in Financial Reports
French reinsurer SCOR says that thanks to a second quarter which illustrated the Group’s capacity to deliver a high level of recurring profitability with a net income of EUR 120 million (CAD$163 million) compared to EUR 91 million in the second quarter 2009 (i.e. +32%), it has recorded a net half-year income of EUR 156 million, compared [...]
AIG posts Q2 loss of $538M on restructuring charges
By ILSTV Staff on Aug 18, 2010 in Financial Reports
The insurance giant AIG reported a US$538 million loss in the second quarter due to charges related to selling assets to repay the federal government bailout. Its adjusted results excluding the charges beat Wall Street expectations, and its shares rose almost three per cent in pre-market trading. Its insurance business showed improvement. American International Group [...]
Standard Life reports Q2 premiums and deposits grew by 13%
By ILSTV Staff on Aug 18, 2010 in Financial Reports
Standard Life Financial Inc. reported in the quarter ended June 30, 2010, premiums and deposits grew 13% to $1.2 billion, underpinned by successful sales in its core markets. Net income amounted to $23.8 million, increasing year-to-date profit to $77.9 million (2009: $64.9 million). Standard Life Financial is the Canadian subsidiary of the UK-based long-term savings [...]
Sun Life Financial reports Q2 earnings fall to $2134M from $591M
By ILSTV Staff on Aug 17, 2010 in Financial Reports
Sun Life Financial Inc., Canada’s third largest insurance company, reported its net profits fell sharply in the second quarter as volatile stock markets and a big loss in its U.S. operations squeezed the company’s business. The Toronto financial services giant reported late Wednesday it earned $213 million or 37 cents a share for the three [...]
Willis Group reports second quarter 2010 results
By ILSTV Staff on Aug 16, 2010 in Financial Reports
Willis Group Holdings plc reported results for the quarter and six months ended June 30, 2010. “Our second quarter results continue to reflect the strength of our geographic diversity and our relentless focus on building the business,” said Joe Plumeri, Chairman and Chief Executive Officer, Willis Group Holdings, in a statement. “Organic growth in commissions [...]
Power Financial Q2 profit down five per cent to $429M
By ILSTV Staff on Aug 16, 2010 in Financial Reports
Insurance and mutual funds giant Power Financial Corp. reported a second-quarter profit of $429 million, down five per cent from a year earlier. Power Financial’s earnings amounted to 57 cents per share, compared with $452 million or 61 per share in the same period of 2009. Revenue declines to $7.96 billion from $9.78 billion. The [...]
Aon reports Q2 results
By ILSTV Staff on Aug 13, 2010 in Financial Reports
Aon Corporation reported results for the second quarter ended June 30, 2010. Net income attributable to Aon stockholders was $153 million or $0.54 per share, compared to $149 million or $0.51 per share for the prior year quarter. Net income attributable to Aon stockholders from continuing operations increased 22% to $179 million or $0.63 per [...]
ACE reports Q2 net income of $677 million, up 27 percent
By ILSTV Staff on Aug 13, 2010 in Financial Reports
ACE Limited has reported net income for the quarter ended June 30, 2010, of $1.98 per share, compared with $1.58 per share for the same quarter last year. Income excluding net realized gains (losses) was $2.01 per share, compared with $2.09 per share for the same quarter last year. Book value increased $774 million during [...]
Fairfax reports Q2 profit of $325.2 million
By ILSTV Staff on Aug 12, 2010 in Financial Reports
Fairfax Financial Holdings Limited has announced net earnings of $325.2 million in the second quarter of 2010 ($15.49 per diluted share) compared to net earnings of $275.4 million in the second quarter of 2009 ($15.56 per diluted share). The year-over-year increase in earnings arose primarily from significant net investment gains in the second quarter of [...]
Genworth MI Canada Inc. reports Q2 2010 results
By ILSTV Staff on Aug 11, 2010 in Financial Reports
Genworth MI Canada Inc. reported results for the second quarter of 2010 with net income of $85 million or $0.72 per diluted share and net operating income of $86 million or $0.73 per diluted share. The Company’s reported net operating income represents a 5% increase over last quarter and a 22% increase over the same [...]
