Berkshire Hathaway Reports First Underwriting Loss Since 2017, Drop in GEICO Staffing February 27, 2023 Berkshire Hathaway recorded its first full-year underwriting loss since 2017—but a small one—as strong profits from reinsurance operations were almost...
Liberty Mutual Tackling U.S. Personal Lines Challenges February 24, 2023 The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported...
Root Books Another Net Loss; Stays Positive on Embedded Insurance Results February 23, 2023 By Chad Hemenway Calling embedded insurance the “next secular trend in distribution,” Root Inc. CEO Alex Timm in a letter to shareholders said...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23 February 23, 2023 By Susanne Sclafane Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27% February 16, 2023 By Chad Hemenway Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion...
Unfavorable Reserve Development of $330M in January: Progressive February 15, 2023 Progressive Corp. said net income for the month of January was $449.4 million compared with $25.8 million the same month...
The Hartford Net Income Down 19% in Q4 February 7, 2023 The Hartford reported a 19% drop in fourth quarter net income compared to the same period last year, while core...
CNA Reports Q4 earnings of $248 Million February 7, 2023 CAN Financial Group notched a net income of $248 million during 2022’s final quarter. This was a slight dip from...
The Hanover Reports $11M Q4 Loss February 2, 2023 The Hanover Insurance Group reported a fourth quarter 2022 loss of $11.6 million, driven by widespread catastrophic losses from Winter...
Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes February 2, 2023 By Chad Hemenway As it had warned last month, Allstate Corp. reported a fourth quarter 2022 loss of $310 million as losses from...