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) […]
Progressive Reports Personal Auto Policies in Force Set New Record in July
Auto policies were up by over 19% from July 2024. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 25,902,000 in July, an increase of 3,893,700 or 17.7% from 22,008,300 in July 2024. The July total personal auto policies in force set another new record for the company, continuing […]
Boyd Group Reports Second Quarter Sales Up Year over Year
Collision repair chain surpasses 1,000 locations while margins improve despite declining same-store sales. Boyd Group Services Inc. (TSE: BYD) reported sales of $780.4 million for the second quarter ended June 30, up 0.2% from $779.2 million in the same period last year. Same-store sales declined 2.1%, offset by $21.0 million in revenue from new location […]
CCC Reports 12% Revenue Growth in Second Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) posted second-quarter revenue of $260.5 million, a 12% increase from the prior year, as several major insurance customers moved beyond pilot programs to broader deployments of the company’s AI-powered solutions. The Chicago-based software provider also reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $108.1 million, […]
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 […]
Axalta Reports $1.3 Billion in Second Quarter Sales
Adjusted EBITDA sets new quarterly record. Axalta Coating Systems Ltd. (NYSE: AXTA) reported net sales of $1.3 billion for the quarter ended June 30, down 3% year-over-year, primarily due to volume declines in its Performance Coatings segment that more than offset contributions from the CoverFlexx acquisition and favorable currency translation. Net income decreased by 3% […]
PPG Reports Q2 Sales of $4.2 Billion
Company maintains full-year guidance despite 1% revenue decline during quarter. North American refinish organic sales flat. PPG Industries Inc. (NYSE: PPG) reported second-quarter net sales of $4.2 billion, down 1% from the prior year, as strong performance in performance coatings was offset by weakness in architectural markets and the impact of business divestitures. The Pittsburgh-based […]
Progressive Reports Personal Auto Policies in Force Set New Record in June
Auto policies were up over 19% from June 2024. Quarter ending combined ratio down nearly 6 points year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 25,668,000 in June, an increase of 4,126,400 or 19.2% from 21,541,600 in June 2024. The June total personal auto policies in force […]
Progressive Reports Personal Auto Policies in Force Up 19.7% in May Compared to 2024
Premiums written up 11% year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 25,430,000 in May 2025, an increase of 4,177,900 or 19.7% from 21,252,100 in May 2024. The May total personal auto policies in force set a new record for the company. The growth in Progressive’s policies […]
Boyd Group Reports Sales of $778.3 Million in First Quarter
Same store sales down 2.8% during quarter year-over-year. Boyd Group Services Inc. (TSE: BYD) today announced sales of $778.3 million for the first quarter ended March 31, down 1.0% from $786.5 million in the same period of 2024. Same-store sales declined 2.8% compared to 2024. The first quarter of 2025 had one less selling and […]
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