Verisk and APCIA report that investment gains and pricing in 2024 offset some impacts driven by severe catastrophic events.
Verisk (NASDAQ: VRSK), the global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers, reported full-year 2024 net income for the insurance industry, which is estimated to be $170 billion. Adjusting for over $70 billion in capital gains realized by one insurer, full-year 2024 net income is estimated to be $100 billion.
According to key financial indicators for private U.S. property/casualty insurers, an underwriting gain of
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