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Progressive Corp. says its January net income is down 33 percent compared to January 2011 as total pretax net realized gains on securities fell 63 percent to $11.9 million.
Zurich Financial Services Group says its 2011 fourth-quarter net income fell 46 percent to $557 million, but the companys net income for the year climbed 10 percent to $3.8 billion.
State Auto Financial Corp. ended 2011 in the red, as the Columbus, Ohio-based insurer endured record catastrophe losses of $231.1 million for the year.
Allied World Assurance Co. Holdings says it nearly doubled fourth-quarter net income but the Switzerland-based companys net income for the year was more than halved.
There was a time when the risks faced by risk managers were pretty straightforwardproperty, casualty, liability and workers comp, but times are changing.
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