Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]
CCC Reports Revenue of $251.6 Million in First Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) today reported total revenue was $251.6 million for the first quarter ended March 31, an increase of 11% from $227.2 million for the first quarter of 2024. “CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and adjusted EBITDA margin of 39% – both above […]
LKQ Corporation Reports Revenue of $3.5 Billion in First Quarter
LKQ Corporation (NASDAQ: LKQ) today reported revenue for the first quarter of 2025 was $3.5 billion, a decrease of 6.5% compared to $3.7 billion for the first quarter of 2024. Parts and services organic revenue decreased 4.3%, or a 3.1% decrease on a per day basis. The net impact of acquisitions and divestitures decreased revenue […]
Travelers Insurance Reports Improved First Quarter Personal Auto Performance as Combined Ratio Declines
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 […]
Progressive Reports Personal Auto Policies in Force Up 21.9% in March Compared to 2024
Premiums written up 17% year-over-year in March. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 24,917,000 in March 2025, an increase of 4,468,700 or 21.9% from 20,448,000 in March 2024. The March total personal auto policies in force set a new record for the company. The growth in […]
U.S. Property Casualty Insurance Industry Reports $170 Billion Net Income in 2024
Verisk and APCIA report that investment gains and pricing in 2024 offset some impacts driven by severe catastrophic events. Verisk (NASDAQ: VRSK), the global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers, reported full-year 2024 net income for the […]
Progressive Reports Personal Auto Policies in Force Up 21.7% in February Compared to 2024
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 […]
Boyd Group Reports Sales Up 4.2% in 2024
Addition of new locations lifts revenue as same store sales declined year-over-year. Boyd Group Services Inc. (TSE: BYD) announced sales increased by 4.2% to $3.1 billion in 2024 from $2.9 billion in 2023. The result included incremental sales from new locations of $187.2 million, partially offset by same-store sales declines of 1.8%. Fiscal 2024 recognized […]
US Property/Casualty Industry Swings to Underwriting Profit of $22.9 Billion in 2024
Result marks first gain in four years. The U.S. property/casualty (P/C) industry recorded a $22.9 billion net underwriting gain in 2024, signifying the segment’s first underwriting profit since 2020, and marking a substantial swing from the $21.3 billion loss recorded in the prior year, according to a new AM Best report. These preliminary results are […]
State Farm Reports Improved 2024 Financial Results Amid Continued Underwriting Losses
Auto insurance business sees significant improvement as underwriting losses narrow compared to 2023. State Farm reported net income of $5.3 billion in 2024, a sharp turnaround from the $6.3 billion net loss in 2023. Despite continued underwriting losses in its auto and homeowners insurance businesses, the property and casualty (P-C) group of companies benefited from […]
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