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 […]
Washington Senate Passes Bill Granting Insurance Commissioner Restitution and Fining Authority
The Washington state Senate passed legislation Jan. 21 that would grant Insurance Commissioner Patty Kuderer authority to order restitution for policyholders harmed by insurance companies or agents, and establish per-violation fines for property and casualty insurers. The Senate approved SB 5331 by a 29-20 vote. The bill now moves to the House Consumer Protection & […]
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 […]
Property/Casualty Insurance Industry Poised for Growth and Underwriting Profitability in 2025
Personal auto net combined ratio improved from prior estimates. The U.S. property/casualty (P/C) insurance industry is projected to grow faster than the overall economy in 2025 and is on track to achieve underwriting profitability for a second consecutive year, according to Insurance Economics and Underwriting Projections: A Forward View from the Insurance Information Institute (Triple-I) […]
Strong US Property/Casualty Insurance Underwriting Profitability in First Half of 2025 to Continue
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) […]
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 […]
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 […]
AM Best Places Stable Outlook on U.S. Personal Lines Insurance Segment as Auto Insurance Market Improves
Regulatory approvals of insurance premium rate increases helping market recover. AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, which corresponds with a change to the personal auto outlook. The shift in the personal lines segment outlook cites improved rate and pricing conditions, particularly in […]
U.S. Property/Casualty Industry Records $3.8 Billion Underwriting Gain in First-Half 2024
The U.S. property/casualty (P/C) industry recorded a $3.8 billion net underwriting gain in the first half of 2024, a significant improvement from the $24.0 billion loss recorded in the same prior-year period, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: Six-Month 2024 […]
Property/Casualty Insurance Strong Results Driven by Personal Auto Turnaround
Fitch Ratings reports improvements in Property/Casualty insurers’ mid-year 2024 results in North America. The mid-year 2024 GAAP financial results for 41 North American property/casualty (p/c) (re)insurers reveals very strong operating returns across sectors, driven by improved underwriting results and higher investment income, Fitch Ratings says in a new report. Double-digit operating return on common equity […]
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