Fitch Ratings reports private passenger auto direct loss ratio down 6.3 points, tariffs could impact severity in second half of year.
The U.S. Property Casualty (P/C) insurance industry reported very strong results for in the first half of 2025 (1H25), with a statutory combined ratio of 96.4%, down 1.2 percentage points year over year (YoY) according to Fitch Ratings.
Fitch expects continued underwriting profitability for the second half of 2025 (2H25). While premium pricing remains positive overall, it continues to moderate. Further underwriting performance improvement could be tempered by hurricane activity and increased competition in the auto insurance segment that
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