Allstate Posts Loss With ‘Exceptionally’ High Catastrophe Costs May 4, 2023 By Sally Bakewell Allstate Corp. posted a bigger first-quarter loss than analysts expected as higher premiums failed to offset rising auto costs and...
Progressive Falls Short of Goal in Q1 May 3, 2023 By Allen Laman Despite posting a year-over-year net income increase of 45%, Progressive Corp. shared first quarter financial results on Tuesday that showed...
Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable April 28, 2023 By Chad Hemenway The Hartford Financial Services reported first quarter 2023 net income of $535 million, nearly a 21% increase over $443 million...
Markel Returns to Q1 Net Income Profit on Investment Gains April 27, 2023 By Chad Hemenway Markel Corp. reported first quarter 2023 net income of $537.8 million compared to a loss of about $48.8 million a...
Catastrophe Losses Hinder Chubb Q1 Net Income April 26, 2023 By Chad Hemenway First quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains...
W.R. Berkley CEO Says Insurer Isn’t Going to Chase D&O Market ‘Down the Drain’ April 24, 2023 By Chad Hemenway W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers...
No Such Thing as a ‘Run on the Bank’ In Insurance Biz: Travelers CEO April 21, 2023 By Susanne Sclafane With recent troubles in the banking sector having only minimal impact on his company’s specialty lines results, the chief executive...
Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses April 20, 2023 Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3...
The Hartford Reveals Preliminary Income Figures for First Quarter April 14, 2023 Two weeks before its officially set to announce earnings, The Hartford previewed first-quarter net income and underwriting results, revealing that...
March Results Dampen Progressive Q1 Net Income Momentum April 13, 2023 By Chad Hemenway Progressive Corp. today reported first quarter net income of about $448 million – a 43% increase compared to the same...