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You are here: Home / Archives for A.M. Best

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. These preliminary results are […]

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

AM Best Places Stable Outlook on U.S. Personal Lines Insurance Segment as Auto Insurance Market Improves

December 4, 2024 By CollisionWeek Editor

Regulatory approvals of insurance premium rate increases helping market recover. AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, which corresponds with a change to the personal auto outlook. The shift in the personal lines segment outlook cites improved rate and pricing conditions, particularly in […]

Filed Under: News Tagged With: A.M. Best, Property Casualty Insurance

A.M. Best Reports U.S. Personal Auto Results Show Significant Improvement

November 25, 2024 By CollisionWeek Editor

Underwriting results in the U.S. private passenger auto insurance segment has shown further stabilization in first-half 2024 following improvements in 2023, according to a new AM Best report. Due to the improved segment performance and other factors, AM Best has revised its outlook on the personal auto segment to stable from negative. According to the […]

Filed Under: News Tagged With: A.M. Best, Combined Ratio

AM Best Reports U.S. Personal Auto Insurance Results Worsen as Claims Severity Rises

December 11, 2023 By CollisionWeek Editor

Following the worst year in the recent past for U.S. personal auto insurers, results continued to slide in the first half of 2023 as the segment posted a direct incurred loss ratio that was more than three percentage points above the one recorded in the same period of 2022, according to an AM Best report. […]

Filed Under: News Tagged With: A.M. Best, Claim Severity, Combined Ratio

U.S. Property/Casualty Industry Records $24.5 Billion Underwriting Loss in the First Half of 2023

September 12, 2023 By CollisionWeek Editor

The U.S. property/casualty (P/C) industry recorded a $24.5 billion net underwriting loss in the first half of 2023, nearly eclipsing the $26.5 billion in total losses recorded for all of 2022, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, First Look: 6-Month 2023 US Property/Casualty […]

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

U.S. Property/Casualty Industry Posts $8.2 Billion Underwriting Loss in First-Quarter 2023

June 15, 2023 By CollisionWeek Editor

Net income declined 70.7% to $8.1 billion. The U.S. property/casualty (P/C) industry saw an $8.2 billion net underwriting loss in the first quarter of 2023, compared with a $3.4 billion gain in the same prior-year period, according to preliminary financial results. This financial review is detailed in a new Best’s Special Report, First Look: Three-Month […]

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

U.S. Property/Casualty Insurance Industry Projected to Suffer $26.5 Billion Underwriting Loss in 2022

March 22, 2023 By CollisionWeek Editor

The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, a slide of $21.5 billion from the prior year’s underwriting loss, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: 12-Month 2022 US Property/Casualty Financial Results,” and the data […]

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

AM Best Outlook on U.S. Personal Lines Insurance Segment Remains Negative

December 6, 2022 By CollisionWeek Editor

Personal auto physical damage loss ratios have deteriorated as severity has increased since the end of 2021. Innovative use of technology necessary to strengthen claims handling. AM Best announced today is maintaining its negative market segment outlook on the U.S. personal lines insurance segment for 2023, primarily due to significant deterioration in reported results for […]

Filed Under: News Tagged With: A.M. Best, Claims Severity

AM Best Special Report Sees Strong U.S. Economic Expansion in 2021 But Growth Will Moderate in 2022

February 23, 2022 By CollisionWeek Editor

Supported by government spending and extraordinary accommodative monetary policy, the U.S. economy grew by 5.5% year over year in 2021, the largest economic expansion in decades. However, according to an AM Best special report, there are several headwinds at the beginning of 2022 for the U.S. economy that include the potential for a Federal Reserve […]

Filed Under: News Tagged With: A.M. Best

A.M. Best Reports U.S. Property/Casualty Insurance Industry’s Underwriting, Net Income Increased in First-Half of the Year

August 23, 2021 By CollisionWeek Editor

The U.S. property/casualty (P/C) industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report, titled, First Look: Six-Month 2021 Property/Casualty Financial Results, and the data is […]

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

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