Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Florida-Based Brown & Brown Reports Stronger Profits for 2024
Jan 30 2025 // DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down from 2023’s Q4 results, but year-end results for 2024 were well above 2023’s...
Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development
Jan 30 2025 // Selective Insurance Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year did “not meet expectations.” Fourth quarter net income was $93.2 million compared to...
Progressive Net Income More Than Doubles in 2024
Jan 29 2025 // Progressive Corp. said its fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the prior year. The Mayfield Village, Ohio-based insurer, in reporting financial results for December...
Chubb Posts Record P/C Underwriting Income for Q4 and 2024
Jan 29 2025 // Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth quarter net income was down 22% to about $2.6 billion compared to the same period a year ago,...
US Economic Losses From Natural Disasters Soared in 2024
Jan 29 2025 // Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts. Damage caused by Hurricanes...
Everest Group Boosts Casualty Loss Reserves $1.7 Billion
Jan 28 2025 // Everest Group preannounced full-year 2024 earnings yesterday, disclosing about a 45% drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves. The company, which writes more than twice as...
W.R. Berkley Posts Record Year With Q4 Net Income Up 45%
Jan 27 2025 // Fourth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million. For the year, the Greenwich, Connecticut-based commercial insurer said it booked record income of about $1.8...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’
Jan 27 2025 // Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total of $140 billion — as climate change “is showing its claws,” according to Munich Re. Overall...
LA Wildfires by the Numbers: Insured Losses, Total Losses, Ratings, Rates
Jan 24 2025 // The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses and damages, credit ratings—and lately worrying...
KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B
Jan 23 2025 // Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28...
Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim
Jan 23 2025 // A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its...
Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B
Jan 22 2025 // New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion and $35 billion, which includes losses to the California FAIR Plan. The estimates out on...
Travelers Posts 28% Increase in Q4 Net Income
Jan 22 2025 // The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on strong underlying underwriting results. Travelers posted fourth quarter net income of about $2.1 billion compared to about $1.6...
Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B
Jan 20 2025 // Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20 billion to $30 billion range. The Jan. 17 estimate from Moody’s RMS came a day after CoreLogic...
P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman
Jan 17 2025 // The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over...
Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured
Jan 17 2025 // CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t...
California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline
Jan 17 2025 // Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’...
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Jan 16 2025 // Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it’s too early for...
Legacy Specialist Enstar Agrees $196M Loss Portfolio Transfer With Atrium Syndicate
Jan 15 2025 // Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, announced its Lloyd’s syndicate has agreed a ground-up loss portfolio transfer (LPT) with Atrium Syndicate 609, managed by Atrium Underwriters...
Update: LA Wildfire Insurance-Loss Estimates Approach $40 Billion
Jan 14 2025 // The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion. The fresh figure Jan. 14 from Keefe Bruyette & Woods...
