Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1
Jun 9 2025 // Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to industry rating agency AM...
A Deep Dive: Recommendations on Georgia’s Rising Premiums, Loss Ratios
Jun 9 2025 // Homeowners’ insurance premiums in Georgia cost less than in other states. Neither affordability nor availability have been major concerns in a state with hundreds of licensed insurers. But things changed in 2023-2024...
Credit Suisse, SoftBank Fight Over Greensill Losses in $440 Million London Lawsuit
Jun 6 2025 // Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp. kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm’s founder Lex Greensill...
Viewpoint: May the Combined Ratio R.I.P. (for Measuring Profit)
Jun 2 2025 // When Mr. Best of AM Best created the combined ratio, he did the industry and arguably the world a great favor. After all, what business would only measure part of their cost and ignore the other 30% when determining...
Viewpoint: How to Keep 3rd-Party Events From Becoming 1st-Party Losses
Jun 2 2025 // Vendor-related risks, whether from technology suppliers or non-technology partners, have always been a concern and often drive a large number of cyber insurance claims notifications. Vendor risks have traditionally come in...
Farmers Press Trump for Biofuels Boost to Counter Tariff Losses
May 30 2025 // After losing their biggest export market due to Donald Trump’s trade wars, US farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage. The...
After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says
May 30 2025 // After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report...
People Moves: Miller Rejoins Lockton to Lead Stop Loss, Pharmacy Practices; Zurich Alum Andrejko Returns as Head of Construction Pro Liability
May 28 2025 // Miller Returns to Lockton as a National Practice Leader With People Solutions Jeff Miller Jeff Miller rejoined Lockton, headquartered in Kansas City, Missouri, as national practice leader for the stop loss and pharmacy...
Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030
May 28 2025 // Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its...
Viewpoint: Loss Control Services Are Underused Tools to Reduce Identity Security Risk
May 22 2025 // Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on...
Global Forest Loss Tops Record as Wildfires Drive Destruction
May 21 2025 // Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing more than four times the emissions of all air travel in 2023. That’s according to the...
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
May 19 2025 // Global insured losses from natural catastrophes hit $137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this trend continues, global...
Swiss Re Profits Up Despite Losses from California Wildfires
May 16 2025 // Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the business. Net income increased to $1.3 billion from $1.1 billion a year earlier,...
Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss
May 14 2025 // The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5...
German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims
May 13 2025 // Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires...
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
May 9 2025 // Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track. The...
Liberty Mutual Q1 Net Income Down 33%
May 8 2025 // Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three months of 2025—driven by...
Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
May 8 2025 // Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 2024...
Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed
May 8 2025 // Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S....
NYC Lost $9 Billion of Income to Miami, Palm Beach in Five Years
May 6 2025 // A net 30,000 New Yorkers fled the city for Florida’s Palm Beach and Miami-Dade counties in the five years through 2022, taking with them a combined $9.2 billion in income, a new report shows. The two Florida counties...
