Earnings Archives - Page 26 of 38

P/C Insurers Report Strong First-Quarter Underwriting Results

June 28, 2019 By CollisionWeek Editor

Net written premiums down for first time since Great Recession. Private U.S. property/casualty insurers’ profitability as measured by their annualized rate of return on average policyholders’ surplus increased to 9.4 percent, the best first-quarter result since 10.8 percent in 2015, according to Verisk (NASDAQ:VRSK), the data analytics provider, and the American Property Casualty Insurance Association […]

Copart Reports Fiscal Third Quarter Revenue Up 15.7%

May 23, 2019 By CollisionWeek Editor

Copart, Inc. (NASDAQ: CPRT) reported that for the three months ended April 30, revenue, gross profit, and net income were $553.1 million, $251.6 million, and $192.7 million, respectively. These represent an increase in revenue of $74.9 million, or 15.7 percent; an increase in gross profit of $32.5 million, or 14.8 percent; and an increase in […]

U.S. Property/Casualty Insurers Preliminary First Quarter Results Show 24% Underwriting Income Increase

May 22, 2019 By CollisionWeek Editor

While AM Best analysis of interim financial reports shows improvement in income, loss and loss adjustment expense increased during the quarter. The U.S. property/casualty (P/C) industry posted net underwriting income of $4.2 billion in first-quarter 2019, according to preliminary financial results, a 24.0 percent increase from the first quarter of 2018. This financial review is […]

Boyd Group Reports Same Store Sales Up 5.3 percent in First Quarter

May 15, 2019 By CollisionWeek Editor

On a day adjusted basis, same store sales were up 6.6 percent. Overall sales increased by 23.1 percent over 2018. Boyd Group Income Fund (TSE:BYD.UN) today reported its first quarter sales increased by 23.1 percent to CA$557.9 million ($415.47 million) from CA$453.3 million ($337.57 million) in 2018, including same-store sales growth of 5.3 percent. Same […]

Universal Technical Institute Reports Revenue Up 1.3%

May 13, 2019 By CollisionWeek Editor

New student starts were up 11.2 percent for the fiscal second quarter and 12.7 percent year to date. Universal Technical Institute, Inc. (NYSE: UTI) reported revenues increased 1.3 percent to $81.7 million, driven by higher average full-time enrollment in its fiscal 2019 second quarter ended March 31. The increase occurred despite one less earning day […]

KAR Auction Services Reports First Quarter Revenue Up 10%

May 8, 2019 By CollisionWeek Editor

CEO says firm advancing proposed spin-off of Insurance Auto Auctions. KAR Auction Services, Inc. (NYSE: KAR) reported its first quarter revenue of $1.0468 billion as compared with revenue of $950.5 million for the first quarter of 2018, an increase of 10 percent. Net income for the first quarter of 2019, ended March 31, decreased 14 […]

U.S. Property-Casualty Insurers Report 66% Increase in Net Income in 2018

May 7, 2019 By CollisionWeek Editor

Results driven by growth in premiums and decline in catastrophe losses. Private U.S. property/casualty insurers saw their net income after taxes rise to $60 billion in 2018 from $36.1 billion in 2017—a 66.3 percent increase—helped by double-digit premium growth and a significant decline in catastrophe losses, according to Verisk (NASDAQ:VRSK) and the American Property Casualty […]

Allstate Reports Revenue Up 12.5% in First Quarter

May 3, 2019 By CollisionWeek Editor

The Allstate Corporation (NYSE: ALL) reported revenue of $10.99 billion for the first quarter of 2019, up 12.5 percent from $9.77 billion in the first quarter of 2018. Net income was $1.261 billion, up 29.1 percent from 2018. Adjusted net income was $776 million, due to a better than expected property and liability insurance underlying […]

Uni-Select Reports 2019 First Quarter Sales of $420 Million

May 2, 2019 By CollisionWeek Editor

Finishmaster US reports organic growth of 3.1 percent. Uni-Select Inc. (TSE:UNS) today reported sales of $420 million for the first quarter ended March 31, down from $422 million in the first quarter of 2018 but up 2.5 percent organically. The company reported earnings before interest, taxes, depreciation and amortization (EBITDA) of $21.356 million, down from […]

LKQ Reports First Quarter Sales of $3.1 Billion

April 25, 2019 By CollisionWeek Editor

Overall parts and service growth 15.2 percent, organic revenue growth just 0.1 percent. LKQ Corporation (Nasdaq:LKQ) today reported revenue for the first quarter of 2019 of $3.1 billion, an increase of 14 percent as compared to $2.7 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was […]