Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Carrier Revenue Growth Expected to Outpace Hiring in Next Year
Sep 8 2025 // Approximately 81% of insurance companies expect to increase their revenue in the next 12 months, but only about 53% expect to increase their staff in that same period, according to a new insurance labor market outlook...
Reinsurers Have Made Major Structural Changes to Improve Profits. Will Discipline Last?
Sep 8 2025 // Reinsurance underwriting remains disciplined, with terms and conditions and attachment points largely intact, despite signs of rate moderation, according to an AM Best report. During the January 2023 renewals, the global...
Insured Losses in Texas Exceed $47 Billion in 2024
Sep 5 2025 // Insured losses exceeded $47.2 billion in Texas last year—a 4.2% increase over 2023, according to a new property and casualty market report from the state’s insurance council. Annual direct losses in Texas have now...
EU Regulator Flags Surge in Online Sales of Counterfeit Weight-Loss Drugs
Sep 4 2025 // The European Union’s medicines regulator said on Wednesday there has been a surge in illegal medicines marketed as weight-loss and diabetes medicines online in recent months across the region, and warned about a...
US P/C Insurance Industry First-Half Underwriting Profit Triples
Sep 4 2025 // The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first-half of 2025, according to a new report. “The lack of any significant...
Frequency Perils Helping to Boost Global Insured Losses to $152B, Verisk Report Says
Sep 2 2025 // The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires...
Players Health Commits 1% of Revenue to Youth Sports Access and Safety
Sep 2 2025 // Players Health, a Minneapolis-based provider of athlete safety and insurance solutions, is committing 1% of its revenue to directly fund programs, equipment, and support for underserved youth through the Players Health...
Most Losses in Destructive Eaton Fire Tied to Conflagration Hazard, Report Shows
Aug 28 2025 // When the Eaton Fire burned in Los Angeles County in early January, 75% of the structures in the fire perimeter had a low to moderate wildfire hazard, but they carried a high to very high conflagration hazard. Eighty-four...
California’s new take on wildfire loss models, and what this means for property insurers
Aug 26 2025 // The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of...
Reinsurers Have Made Major Structural Changes to Improve Profits. Will Discipline Last?
Aug 22 2025 // Reinsurance underwriting remains disciplined, with terms and conditions and attachment points largely intact, despite signs of rate moderation, according to an AM Best market segment report. During the January 2023...
California’s new take on wildfire loss models, and what this means for property insurers
Aug 18 2025 // The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of...
Carrier Revenue Growth Expected to Outpace Hiring in Next Year
Aug 18 2025 // Approximately 81% of insurance companies expect to increase their revenue in the next 12 months, but only about 53% expect to increase their staff in that same period, according to a new insurance labor market outlook...
New York AG Sues Zelle, Claims Lax Security Led to $1 Billion Consumer Fraud Losses
Aug 14 2025 // Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform’s refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from...
Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty
Aug 8 2025 // Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%. What is the reason...
Great Barrier Reef Records Largest Annual Coral Loss in 39 Years
Aug 8 2025 // The Great Barrier Reef has experienced its greatest annual loss of live coral across most of its expanse in four decades of record-keeping, Australian authorities say. But due to increasing coral cover since 2017, the...
Insurtech Root Swings to Q2 Profit on Growth in Partnership Channel
Aug 7 2025 // Root Inc. swung to second quarter net income of $22 million versus a loss of $7.8 million a year ago during the same time. Results build off net income of $18.2 million for Q1 2025, reversing a loss of $6.2 million for Q1...
Progressive Could Soon Breach Excess Profits in Florida Auto, Triggering Refunds
Aug 7 2025 // Despite a significant reduction in personal auto insurance rates in Florida this year, Progressive may soon find itself in the unenviable position of sending small refunds to thousands of current and former...
AIG General Insurance Underwriting Income Up 46% in Q2
Aug 7 2025 // Second quarter underwriting income in AIG’s General Insurance segment increased 46% compared with last year, to $626 million. The unit—North America commercial, International commercial, and global...
Global Insured Losses From Natural Disasters Could Top $150B in 2025: Swiss Re Report
Aug 6 2025 // Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have...
Lemonade Posts Another Quarterly Loss but Car Growth Continues
Aug 5 2025 // Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year,...
