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You are here: Home / Archives for Combined Ratio

Travelers Insurance Reports Improved First Quarter Personal Auto Performance as Combined Ratio Declines

April 17, 2025 By CollisionWeek Editor

Travelers Insurance delivered improved results in its personal auto insurance segment for the first quarter of 2025, achieving a combined ratio of 83.4%, a significant 11.2-point improvement from 94.6% in the same period last year. The underlying combined ratio, which excludes catastrophes and prior year reserve development, showed a substantial 7.4-point improvement to 87.5% from […]

Filed Under: News Tagged With: Combined Ratio, Earnings, Policies in Force, Travelers

Progressive Reports Personal Auto Policies in Force Up 21.7% in February Compared to 2024

March 21, 2025 By CollisionWeek Editor

Premiums written up 17% year-over-year in February. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 24,345,000 in February 2025, an increase of 4,342,000 or 21.7% from 20,003,000 in February 2024. The February total personal auto policies in force set a new record for the company. The growth in […]

Filed Under: News Tagged With: Combined Ratio, Earnings, Net Written Premiums, Policies in Force, Progressive

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

U.S. Auto Insurers’ Strong Performance Recovery to Continue Through 2025

August 15, 2024 By CollisionWeek Editor

Fitch Ratings says premium increases and moderating claims severity benefiting auto insurance companies. The improving, more favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025, Fitch Ratings says. Several rounds of material price increases and a moderation of claims severity trends has vastly […]

Filed Under: News Tagged With: Auto Insurance, Cincinnati Financial Corporation, Combined Ratio, GEICO, Net Written Premiums, Progressive Insurance, State Farm, The Hartford

Progressive Reports Personal Auto Policies in Force Up Nearly 10% in June

July 18, 2024 By CollisionWeek Editor

Progressive Policies in Force June 2024

Premiums written up 22% in the second quarter year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 21,541,600 in June, an increase of over 1.8 million or 9.6% from 19,658,300 in June 2023. June’s policies in force represent an increase of 290,000 or 1.4% from 21,252,100 in May. […]

Filed Under: News Tagged With: Combined Ratio, Net Written Premiums, Policies in Force, Progressive

Triple-I Reports Personal Auto Profitability Heading in the Right Direction

June 11, 2024 By CollisionWeek Editor

Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses, according to the Insurance Information Institute (Triple-I). “Auto insurers’ 2023 net combined ratio of 104.9 is 7.3 points better than 2022. Additionally, 2023 net written premium growth of 14.3% is the highest in over […]

Filed Under: News Tagged With: Auto Insurance, Combined Ratio, Insurance Information Institute, Profitability

U.S. Property and Casualty Insurers Projected to Have $21.1 Billion in Underwriting Losses Last Year

May 30, 2024 By CollisionWeek Editor

Verisk & APCIA estimate shows the industry facing continued challenges from natural catastrophe events, inflation. Verisk (NASDAQ: VRSK), the global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), a national trade association for home, auto, and business insurers, today remarked on full-year 2023 losses for the insurance industry, which they […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Combined Ratio, Earnings, Net Written Premiums, Property Casualty Insurance, Verisk

U.S. P/C Insurer Personal Lines Recovery to Drive Profitability in 2024

April 11, 2024 By CollisionWeek Editor

Combined ratio projected below 100% as revenue growth above historic levels. Property/casualty (P/C) insurance statutory earnings will materially improve in 2024 amid recovery in personal lines results and only modest deterioration in commercial lines underwriting, Fitch Ratings says. Personal lines underwriting losses should narrow considerably, particularly in auto and as natural catastrophe losses revert towards […]

Filed Under: News Tagged With: Combined Ratio, Profitability, Property Casualty Insurance

Underwriting Losses Persist in US Property/Casualty Industry Total $21.2 Billion in 2023

March 25, 2024 By CollisionWeek Editor

The U.S. property/casualty (P/C) industry recorded a $21.2 billion net underwriting loss in 2023, slightly improving upon the $24.9 billion loss recorded in 2022, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, First Look: 2023 US Property/Casualty Financial Results, and the data is derived […]

Filed Under: News Tagged With: Combined Ratio, Earnings, Property Casualty Insurance

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

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