Kemper Exits Preferred Home and Auto Business Immediately August 8, 2023 By Chad Hemenway As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it...
Berkshire Operating Earnings Jump on Insurance Strength August 7, 2023 By Max Reyes Warren Buffett’s Berkshire Hathaway Inc. posted gains in operating profit as strength in its insurance businesses helped counter inflationary pressures...
Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses August 4, 2023 By Marion Halftermeyer Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by...
Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book August 3, 2023 Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss...
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model August 3, 2023 By Chad Hemenway Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million. The loss was...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B August 1, 2023 By Chad Hemenway Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the...
AIG General Insurance Sees Strong Q2 Growth, Margin Improvement August 1, 2023 By Chad Hemenway American International Group saw second quarter growth in net premiums written in its general insurance segment to $7.5 billion, a...
Hard Market Game Refuses to End: Arch Capital CEO August 1, 2023 By Susanne Sclafane Drawing analogies to an epic tennis match and the hands of a clock, the leader of Bermuda-based Arch Capital declared...
CNA Financial Misses Profit Estimates on Higher P/C Catastrophe Losses July 31, 2023 Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment...
Q2 Net Income Up 23% at The Hartford, Bolstered by Commercial Lines July 31, 2023 The Hartford said second quarter net income was $542 million, an increase of 23% compared with the same period a...