Private passenger auto claims frequencies for property damage and collision coverage declined while severity increased. Berkshire Hathaway reported its full year 2025 earnings on Saturday, February 28, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings totaled $6.824 billion in 2025, down $989 million, or 12.7%, […]
Mitchell Reports EV Collision Claims Rose 14% in U.S., 24% in Canada in 2025
Battery electric vehicle collision claims continued to climb in the U.S. and Canada in 2025 even as new BEV sales declined, according to Mitchell’s latest Plugged-In: EV Collision Insights report published Feb. 19. BEVs accounted for 3.07% of all repairable automobile claims in the U.S. last year, a 14.1% increase from 2024. In Canada, repairable […]
Mitchell Reports Record BEV Collision Claims Frequency in Q3
Electric vehicle collision claims rebound as expiring U.S. government tax incentives drive record sales. Battery electric vehicle (BEV) collision claims frequency reached an all-time high of 3.21% in the third quarter of 2025, rebounding after dropping for the first time in the second quarter, according to Mitchell’s latest Plugged-In: EV Collision Insights report released today. […]
GEICO Reports $11.7 Billion Premiums Written in Third Quarter
Private passenger auto claims frequencies for property damage and collision coverage down while severity increased. Berkshire Hathaway reported its third quarter 2025 earnings on Saturday, November 1, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.773 billion in the third quarter of 2025, down […]
Strong US Property/Casualty Insurance Underwriting Profitability in First Half of 2025 to Continue
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) […]
GEICO Reports $11.1 Billion Premiums Written in Second Quarter
Premiums written up 5.2% in Q2, 5.9% for first half. Loss ratio improves despite increased claim severity. Berkshire Hathaway reported its second quarter 2025 earnings on Saturday, August 2, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.821 billion in the second quarter of […]
Collision Claims Severity Dropped in 2024 While Total Losses Increased
LexisNexis report examines evolving auto insurance trends as industry profitability improves. LexisNexis Risk Solutions released its 2025 U.S Auto Insurance Trends Report, which aggregates and analyzes annual market data from calendar year 2024 about consumer driving patterns, auto insurance shopping trends, claim frequency and severity, and consumer responses to rate increases to help insurance carriers […]
Tariffs Loom Over Rising Battery Electric Vehicle Claims
Mitchell quarterly update on EV repair trends show growing repairable claims, declining severity. Mitchell, an Enlyte company, has released its Q1 2025 edition of the Plugged-In: EV Collision Insights report, spotlighting new challenges and trends as the adoption of battery electric vehicles (BEVs) accelerates across North America. The quarterly update reveals a continued rise in […]
GEICO Reports $11.5 Billion Premiums Written in First Quarter
Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]
GEICO Reports 7.7% Rise in Premiums Written for 2024
Collision claims frequency down 8-9 percent compared to 2023. Berkshire Hathaway reported its 2024 earnings on Feb. 22, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $7.813 billion in 2024, up $4.178 billion, or 114.9 percent, from $3.635 billion in 2023. The improvement […]
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