Auto policies in force up compared to previous year. The Allstate Corporation reported fourth-quarter net income of $3.8 billion and full-year net income of $10.2 billion for 2025, more than doubling its 2024 performance while simultaneously reducing premiums for millions of auto insurance customers. The insurer reported total revenues of $17.3 billion in the fourth […]
Property/Casualty Insurers Post Strong 2025 Results Despite Slowing Premium Growth
The U.S. property/casualty insurance industry is on track to record its lowest net combined ratio in more than a decade for 2025, despite moderating premium growth, according to a report released yesterday by the Insurance Information Institute (Triple-I) and Milliman. The industry achieved the profitability milestone despite the Los Angeles wildfires in January 2025, aided […]
U.S. Property/Casualty Industry Posts $35 Billion Underwriting Gain Through September
The U.S. property/casualty insurance industry recorded a $35 billion net underwriting gain in the first nine months of 2025, up from nearly $4 billion during the same period last year, according to a new AM Best report. The improvement was driven by lower catastrophe losses during the third quarter and continued premium growth Net premiums […]
Copart Reports Modest Revenue Growth as Profit Margins Expand in Q1
Copart Inc. (NASDAQ: CPRT) reported first-quarter fiscal 2026 revenue of $1.16 billion, a 0.7 percent increase over the same period last year, as the vehicle auction and salvage marketplace operator saw stronger profit growth amid relatively flat sales. The Dallas-based company’s gross profit rose 4.9 percent to $537.0 million for the three months ended Oct. […]
Boyd Group Reports Third Quarter Sales Up 5%
Same store sales increased 2.4% during the quarter compared to last year. Boyd Group Services Inc. (TSE: BYD; NYSE: BGSI) today announced sales increased by 5.0% to $790.2 million for the quarter ended September 30 from $752.3 million in 2024. The growth was the result of an increase in same-store sales of 2.4% combined with […]
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 […]
LKQ Posts Q3 Revenue Gains Despite Repairable Claims Decline
Wholesale North America revenue flat compared to last year. LKQ Corporation (NASDAQ: LKQ) reported third-quarter revenue of $3.499 billion, a 1.3% increase from $3.453 billion for the third quarter of 2024. Total parts and services revenue increased 1.1%, which included a 2.6% increase from foreign exchange rates year over year, a 1.2% decrease in parts […]
Axalta Reports Record Profitability Despite Revenue Decline in Third Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported net sales of $1.3 billion for the quarter ended Sept. 30, down 2% year-over-year, as the company achieved record adjusted earnings despite persistent headwinds in its automotive refinish business. The company posted adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $294 million, a quarterly record, with […]
Ford Projects $1.5B-$2B Earnings Reduction from Aluminum Supplier Fire
Aluminum shortage to impact production of 90,000-100,000 F-Series trucks in Q4. Vehicle manufacturer will add third shift to recover volume in 2026. Ford Motor Company (NYSE: F) slashed its full-year earnings guidance by up to $2 billion following a September fire at supplier Novelis Inc.’s aluminum rolling facility in Oswego, N.Y., threatening parts availability for […]
Enterprise Mobility Reports 67 Million Rental Transactions, $39 Billion Revenue in FY25
Company expands connected vehicle fleet to 800,000 units, grows European operations by 7%. Enterprise Mobility processed 67 million car and truck rental transactions in fiscal year 2025, a 6% increase from the prior year, as the company generated more than $39 billion in revenue across its global operations. The privately held company, which operates Enterprise […]
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