In Canada, premiums of CAD $456 million were up by 26% (23% at constant exchange) driven by rate increases, strong retention and the acquisition of GCAN
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 [...]
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 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 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. 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 [...]
Industrial Alliance Insurance and Financial Services Inc. ended the second quarter of 2010 with net income to common shareholders of $57.7 million, compared to $32.1 million for the second quarter of 2009. Net income to common shareholders amounted to $58.4 million on regular operations, compared with $51.4 million in the second quarter of 2009. This [...]
Co-operators General Insurance Company announced its consolidated financial results for the three months ended June 30, 2010. For the second quarter, Co-operators General reported a consolidated net income of $6.5 million, compared to $13.9 million for the same quarter in 2009. Earnings per common share were $0.07 for the second quarter compared to $0.54 for [...]
Irish budget airline Ryanair reported a 24 per cent drop in first-quarter net profit, citing C50 million (US$65 million) in lost business from the Icelandic volcano as well as a rising fuel bill – but the carrier says it remains poised to keep expanding. Net profit for the April-June quarter fell to C93.7 million ($121.8 [...]
Eurotunnel SA reported a C45 million (US$58.5 million) loss in the first half of this year because of delayed insurance payouts from a 2008 fire in the tunnel it operates beneath the English Channel. The undersea tunnel operator said it may not make a profit this year if the payouts remain blocked. Eurotunnel reported an [...]
Fuelled by reduced claims costs, Manitoba Public Insurance reported net income of $102.9 million for the first quarter of 2010. For the three months ended May 31, 2010, earned revenues increased by $5.2 million over the same period last year, as the number and value of vehicles insured increased. Net income from operations increased from [...]
Canadian Western Bank said its net income rose 76 per cent to $37.9 million in the second quarter thanks to its acquisition of National Leasing Group Inc. The Edmonton-based bank recorded its 88th consecutive profitable quarter spanning 22 years as it earned 47 cents per share for the period ended April 30. That compares to [...]
Canada’s five biggest banks held steady on profit growth in the second quarter, raking in $5.01 billion collectively, as several failed to deliver higher results from certain divisions while some fell short of analyst expectations. The latest quarterly roundup fell slightly short of the $5.09 billion the group made during the first quarter of the [...]
Pet insurance and tracking company Pethealth Inc. has cited the appreciation of the Canadian dollar as a major reason for a decline in first-quarter earnings. The Oakville, Ont.,-based company said it earned $528,000 or less than a penny a share in the quarter ended March 31, down from a net profit of $902,000 or a [...]
Crawford & Company has announced its financial results for the first quarter ended March 31, 2010. Consolidated Results First quarter 2010 consolidated revenues before reimbursements totaled $236.3 million compared to $236.1 million in the 2009 first quarter. First quarter 2010 net income attributable to Crawford & Company was $3.1 million, unchanged compared to net income [...]
MCAN Mortgage Corp. said its profits dropped by 25 per cent to $4.8 million in the first quarter, primarily due to lower mortgage interest and fee income. The Toronto-based company earned 33 cents per share for the period ended March 31, down from 45 cents in the year-earlier quarter when net earnings were $6.4 million. [...]
Berkshire Hathaway says it benefited from an improving economy and investment gains related to its acquisition of BNSF railroad in the first quarter as it rebounded from last year’s loss to deliver $3.6 billion in net income. Berkshire said it earned $2,272 per class A share during the quarter. That’s after last year’s loss of [...]
AIG, the insurance giant bailed out by the U.S. government, reported net income of $1.45 billion for the first quarter as its struggling insurance business showed signs of improvement. The company also said that recovering credit markets and ongoing efforts to streamline its operations contributed to improved performance. American International Group Inc., which received more [...]
