While up year-over-year, the personal auto policy count declined compared to the previous month for the first time since late 2023. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 28,195,000 in September 2026, an increase of 1,946,000, or 7.4%, from 26,249,000 in September 2025. September extended the moderation […]
Dealership Body Shop Sales Edge Up to $3.94 Billion in First Half as Share of Dealers Operating On-Site Shops Declines
The share of franchised dealers operating body shops posted its largest midyear decline in at least eight years, while sales per repair order jumped nearly 10%. Body shop sales at U.S. franchised new-vehicle dealerships totaled $3.94 billion in the first half of 2026, up 0.8% from $3.91 billion in the first half of 2025 but […]
U.S. Property/Casualty Industry Nearly Triples Underwriting Income to $31.2 Billion in First Half
The U.S. property/casualty industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report. The industry’s combined ratio improved four points to 92.5. A combined ratio below 100 indicates an underwriting profit. Incurred […]
Boyd Group Quarterly Sales Top $1 Billion for First Time
Joe Hudson’s aquisition synergies arrive ahead of schedule. Boyd Group Services Inc. (TSX: BYD; NYSE: BGSI) reported second quarter sales of $1,013.7 million for the three months ended June 30, an increase of 29.9% from $780.4 million a year earlier and the first time quarterly revenue has exceeded $1 billion in the company’s history. Adjusted […]
GEICO Second-Quarter Underwriting Earnings Fall 45.4% as Claim Frequency Increases Accelerate
Property damage and collision claim frequencies rose in the 3% to 5% range through the first six months of 2026, widening the reversal that began in the first quarter. GEICO’s pre-tax underwriting earnings fell to $994 million in the second quarter of 2026, down $827 million, or 45.4%, from $1.821 billion in the second quarter […]
Driven Brands Reports Second Quarter Revenue of $507.4 Million
Company says collision network outperforms a soft repair industry by about 200 basis points while Maaco stays under pressure. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on Aug. 6 reported second quarter revenue increased 6.8% to $507.4 million, with […]
Progressive Says It Has Become the Largest U.S. Personal Auto Writer
The company says it captured roughly 75% of industry premium growth in 2025 and is now cutting rates across states representing 63% of its premium base as claim frequency declines. The Progressive Corporation (NYSE: PGR) has become the largest writer of U.S. personal auto insurance measured by trailing 12-month direct premiums written, Personal Lines President […]
CCC Reports Second Quarter Revenue of $285.9 Million
AI Solutions Reach 11% of Sales CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) reported second quarter revenue of $285.9 million, an increase of 9.8% from $260.5 million a year earlier, as insurers and large collision repair operators moved artificial intelligence tools out of pilot programs and into production use. The Chicago-based software provider posted adjusted […]
PPG Reports Second Quarter Sales of $4.5 Billion
Automotive refinish coatings declined on strong prior year comparison but the company said U.S. distributor destocking is finished and refinish volumes projected to return to growth in the third quarter. PPG (NYSE: PPG) reported second quarter 2026 net sales of $4.5 billion, up 7% year over year, and said automotive refinish coatings organic sales fell […]
LKQ North America Returns to Growth as Alternative Parts Utilization Tops 40%
Alternative parts utilization set a second consecutive record — though a ERP system conversion in Germany drove a cut to full-year guidance. LKQ Corporation’s (NASDAQ: LKQ) North America segment returned to organic revenue growth in the second quarter for the first time since 2023, as alternative parts utilization exceeded 40% and the decline in repairable […]
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