Dutch insurer Aegon posts euro161 million loss in 2Q, to issue euro1 billion in new sharesAugust 13th, 2009 Dutch insurer Aegon posts euro161 million loss in 2QAMSTERDAM — Aegon NV, the Dutch insurer, reported a euro161 million ($229 million) loss for the second quarter on Thursday due to impairment charges and announced plans to issue up to euro1 billion ($1.42 billion) in new shares. In the same period a year earlier, the company had net profit of euro276 million.
Dutch insurer Aegon posts €161 million loss in 2Q, to issue €1 billion in new sharesAugust 13th, 2009 Dutch insurer Aegon posts €161 million loss in 2QAMSTERDAM — Aegon NV, the Dutch insurer, reported a €161 million ($229 million) loss for the second quarter on Thursday due to impairment charges and announced plans to issue up to €1 billion ($1.42 billion) in new shares. In the same period a year earlier, the company had net profit of €276 million.
German insurer Allianz second quarter net profit rises 21 percent to euro1.9 billionAugust 7th, 2009 Allianz 2Q net profit up 21 pct to euro1.9 billionFRANKFURT — German insurer Allianz SE said Friday its second quarter net profit rose 21 percent as its life and health insurance business improved and said it was adjusting to the "new normal" of reduced returns. The Munich-based company said it made euro1.9 billion ($2.7 billion) in the April-June period, up from euro1.5 billion in the second quarter of 2008.
German insurer Allianz's 2nd-quarter profit up 21 percent to €1.9 billionAugust 7th, 2009 Allianz 2Q net profit up 21 pct to €1.9 billionFRANKFURT — German insurer Allianz SE said Friday its second quarter net profit rose 21 percent as its life and health insurance business improved and said it was adjusting to the "new normal" of reduced returns. The Munich-based company said it made €1.9 billion ($2.7 billion) in the April-June period, up from €1.5 billion in the second quarter of 2008.
German insurer Allianz's 2nd-quarter profit up 21 percent to $2.7 billionAugust 7th, 2009 Allianz net profit up 21 percent to $2.7 billionFRANKFURT — German insurer Allianz SE said Friday its second quarter net profit rose 21 percent as its life and health insurance business improved and said it was adjusting to the "new normal" of reduced returns. The Munich-based company said it made euro1.9 billion ($2.7 billion) in the April-June period, up from euro1.5 billion in the second quarter of 2008.
MBIA surprises investors with 2Q profit; shares riseAugust 5th, 2009 MBIA posts surprise profit in 2QArmonk, N.Y. — Bond insurer MBIA Inc.
AIG, American Axle, Whole Foods, EA, Garmin, Radian are big market movers WednesdayAugust 5th, 2009 AIG, American Axle, Whole Foods, EA are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
American International Group Inc., up $8.48 at $22
Shares of the embattled insurer gained more than 60 percent ahead of its earnings release slated for Friday and the Monday start of new CEO Robert Benmosche, former head of MetLife. American Axle and Manufacturing Holdings Inc., up $1.14 at $3.75
The auto supplier's second-quarter loss shrunk in half from a year ago — but so did its sales due to Detroit automakers' plant shutdowns.
Cigna 2nd-qtr profit rises 60 percent on more favorable interest rates, company raises outlookJuly 30th, 2009 Cigna profit climbs on better interest ratesNEW YORK — Health insurer Cigna Corp. said Thursday its second-quarter profit jumped 60 percent due to a benefit from more favorable interest rates and other items.
Ace Limited's 2nd-quarter profit, but adjusted result beats analysts' forecastJuly 27th, 2009 Ace Limited profit shrinks, but tops forecastBOSTON — Property and casualty insurer ACE Ltd. said Monday its second-quarter profit fell 28 percent on a decline in sales of insurance policies and reduced investment income.
Bond insurer MBIA posts 1st-quarter profit, reversing 5 straight losing quarters,May 11th, 2009 MBIA posts 1Q profit after 5 straight lossesNEW YORK — MBIA Inc. is reporting a profit for the first quarter, reversing a string of five consecutive quarterly losses as the bond insurer was rocked by the financial meltdown.
Insurer Zurich Financial reports 75 percent drop in 1st quarter profit on investment lossesMay 8th, 2009 Zurich Financial reports 75 pct drop in 1Q profitZURICH — Swiss insurer Zurich Financial Services Group on Thursday reported a 75 percent drop in first quarter net profit after booking heavy investment losses. Net profit amounted to $362 million compared to $1.43 billion in the same quarter last year.
Cigna profit triples, but adjusted results slip; insurer cuts profit forecast for yearApril 30th, 2009 Cigna 1Q profit more than triplesPHILADELPHIA — Health insurer Cigna Corp. says its profit more than tripled in the first quarter, taking a smaller hit from a discontinued business than a year ago.
Travelers Cos. 1st-quarter profit falls 32 percent on investment lossesApril 30th, 2009 Travelers Cos. 1Q profit falls 32 percentNEW YORK — The Travelers Cos.
Health insurer Aetna reports slight 1st-quarter profit increase; membership risesApril 29th, 2009 Aetna reports slight 1Q profit increaseINDIANAPOLIS — Managed-care company Aetna Inc. said Wednesday its first-quarter profit rose slightly due to membership gains and premium increases, even though the company saw higher-than-expected medical costs.
China Life says 1Q profit up 55 percent as income from surging Chinese stocks jumpsApril 24th, 2009 China Life says 1Q profit up 55 percentBEIJING — China Life Insurance Ltd., the country's biggest insurer by premiums, said Friday its first quarter profit surged 55 percent as a rally on China's stock market drove up investment income. Profit rose to 5.4 billion yuan ($788 million) or 0.19 yuan per share for the three months ending March 31, the Beijing-based insurer said.
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