Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M
Oct 27 2025 // Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million...
Florida’s Universal P&C Reports Strong Profits, Policy Growth for Q3
Oct 27 2025 // Universal Insurance Holdings, parent company of one of Florida’s largest property insurers, reported an improved bottom line for the third quarter this year, even with a steady increase in policies in recent...
US Saw Record $101 Billion in Weather Losses Through June
Oct 22 2025 // The US saw more than $101 billion in losses from severe storms and fires in the first half of 2025, setting a record. That’s according to a database of billion-dollar disasters that a nonprofit has re-launched since...
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3
Oct 21 2025 // Insurer Chubb booked third quarter net income 20.5% higher than a year ago at $2.8 billion—with record P/C underwriting income of $2.26 billion. Underwriting income was 55% more than the same quarter last year, and the...
WR Berkley Q3 Net Income Up Near 40%
Oct 20 2025 // Third quarter 2024 net income at W.R. Berkley Corp. increased nearly 40% compared to the same period a year ago Net income was about $511 million for Q3 2025 compared to net income of about $365.6 million a year ago during...
Amazon Delivery Firms Are Bailing Amid Rising Costs, Meager Profit
Oct 20 2025 // In 2022, Jake Clay started an Amazon delivery firm in Odessa, Texas, after hearing about the company-sponsored program from a friend. He sank $75,000 into the business and earned more than $200,000 in the first year. An...
Progressive Records $2.6B in Q3 Income After Refunds for Excess Profits in Florida
Oct 20 2025 // Progressive posted $2.6 billion in third-quarter net income last week in spite of taking a nearly $1 billion charge to account for excess profits the carrier will have to return to Florida auto insurance...
Marsh McLennan Reports 4% Organic Revenue Growth, Down From Q3 2024
Oct 16 2025 // Marsh McLennan reports consolidated revenue during the third quarter of $6.4 billion, an increase of 11% over Q3 2024, or 4% on an underlying (organic) basis, down from 5% during Q3 2024. John Doyle, president and CEO,...
Travelers Q3 Net Income Soars 50% on Lower Catastrophe Losses
Oct 16 2025 // Third quarter net income at The Travelers Cos. increased 50% compared with the same period a year ago, to about $1.9 billion on lower catastrophe losses. Catastrophe losses for the third quarter this year were $402 million...
Workers’ Compensation Continues to Lead P/C Industry With Strong Profits
Oct 8 2025 // Although economic uncertainty could affect insurers in the near to midterm, the workers’ compensation line continues to be a key driver of the profitability of the entire property/casualty insurance industry even as...
People Moves: Air Force, OSHA Veteran Stager Joins MEMIC Loss Control Team
Oct 2 2025 // Eric Stager The MEMIC Group, headquartered in Portland, Maine, hired Eric Stager to serve as a safety management consultant on its loss control team. He will work with policyholders throughout the Northeast. Stager served...
Wildfire Smoke Set to Cause Mounting Deaths and Economic Losses
Sep 22 2025 // Increased wildfire smoke could lead to 1.4 million premature deaths globally each year by the end of this century, according to a new study. Scientists at China’s Tsinghua University found that early deaths linked to...
China’s EV Boom Saddles its Auto Insurers With Chronic Losses
Sep 22 2025 // China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviors. The country now has...
US P/C Insurance Industry First-Half Underwriting Profit Triples
Sep 22 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...
Insured Losses in Texas Exceed $47 Billion in 2024
Sep 22 2025 // Insured losses exceeded $47.2 billion in Texas last year–a 4.2% increase over 2023, according to a new property/casualty market report from the state’s insurance council. Annual direct losses in Texas have now...
AM Best: Six-Month US P/C Underwriting Income Jumps to $11.2B
Sep 11 2025 // An early look by AM Best at the financial results of the U.S. property/casualty industry revealed insurers recorded an estimated $11.2 billion in net underwriting income in the first half of 2025. Last year after the first...
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...
