Insurer’s auto business swings to first underwriting profit since 2020, citing lower repair costs and fewer collisions. State Farm reported net income of $12.9 billion in 2025, more than doubling the $5.3 billion posted in 2024 and marking the company’s strongest annual result in recent history. The turnaround was driven by a return to underwriting […]
Driven Brands Delays Earnings Release, Will Restate Financials After Audit Committee Finds Material Errors
Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA, said its audit committee found material errors in previously issued financial statements and that the company will restate results for fiscal 2023 and 2024 and several interim periods. Driven Brands also said it is delaying the […]
LKQ Reports Q4 Revenue of $3.3 Billion
Reports full-year free cash flow of $847 million despite organic revenue declines across North America and Europe. LKQ Corporation (NASDAQ: LKQ) reported fourth-quarter revenue of $3.3 billion, up 2.7% from the year-ago quarter, as currency gains and its Specialty segment’s strong performance offset continued organic revenue declines in North America and Europe. For the full […]
Allstate Reports $10.2 Billion Net Income for 2025
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 […]
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