Markel Insurance CEO Wilson Lays Out Strategy for ‘Bread-and-Butter’ E&S Business May 13, 2025 By Susanne Sclafane “You can’t cut yourself to greatness.” Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a...
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...
Lemonade Posts Q1 Loss on Wildfires, Spending; Auto Product Positioned to Grow May 6, 2025 By Chad Hemenway Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million...
Q1 Net Income at CNA Financial Down 19% May 5, 2025 CNA Financial Corporation reported first quarter net income of $274 million, down 19% from the same period a year ago....
Staff Cuts Help Fuel GEICO Profit; Auto Insurer Not ‘Pouring Money’ Into AI May 5, 2025 By Susanne Sclafane He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the...
AIG Q1 Underwriting Income More Than Halved on Wildfire Losses May 1, 2025 By Chad Hemenway First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North...
The Hanover Reports 11% Growth in Q1 Net Income May 1, 2025 By Chad Hemenway First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period...
Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses May 1, 2025 By Chad Hemenway Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due...
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses April 30, 2025 By Ateev Bhandari Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment...
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes April 29, 2025 By Chad Hemenway Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755...