net written premiums News

Allstate’s Encompass Insurance to Exit Massachusetts This Summer

Encompass Insurance, an Allstate Insurance company that sells business through independent agents, outlined in its first quarter 2017 earnings news release its intent to withdraw from Massachusetts as part of its profit improvement actions starting in late June of this …

Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q

Mercury General Corp. reported net written premiums rose 8 percent for the third quarter from a year ago. The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly dividend of 62 cents per share. The dividend …

RSA Insurance Reports 15% Drop in Q1 Premiums amid Asset Sales

The RSA Insurance Group Plc reported a 15 percent decline in revenue for the first quarter after the U.K.’s biggest non-life insurer by market value sold assets to bolster its balance sheet. Net written premiums, a measure of sales, fell …