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You are here: Home / News / US Property/Casualty Industry Swings to Underwriting Profit of $22.9 Billion in 2024

US Property/Casualty Industry Swings to Underwriting Profit of $22.9 Billion in 2024

March 18, 2025 By CollisionWeek Editor

Result marks first gain in four years.

The U.S. property/casualty (P/C) industry recorded a $22.9 billion net underwriting gain in 2024, signifying the segment’s first underwriting profit since 2020, and marking a substantial swing from the $21.3 billion loss recorded in the prior year, according to a new AM Best report.

AM BestThese preliminary results are detailed in a new Best’s Special Report, titled, First Look: 2024 US Property/Casualty Financial Results, and the data is derived from companies’ annual statutory statements received as of March 11, representing an estimated 97% of the total P/C industry’s net premiums written.

According to

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Filed Under: News Tagged With: A.M. Best, Earnings, Net Written Premiums, Property Casualty Insurance

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