earnings report News

Insurers’ Coronavirus Costs Are Less Than Feared So Far

The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter — a cost that was far less than feared and which the industry has absorbed without touching capital, analysts …

Lloyd’s of London Expects ‘Sobering’ Culture Assessment

LONDON — Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the …

Travelers Profit Soars to $864M in Q3 as Catastrophe Losses Fall

The Travelers Companies Inc. reported today $864 million net profit for the third quarter — up 159 percent from the same period a year ago when the insurer posted a $333 million profit. Travelers’ latest earnings were boosted by lower …