Travelers Q3 Net Income Falls 31% October 19, 2022 Third quarter net income at Travelers Companies dropped 31%, compared with the same period a year ago, to $454 million....
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net October 13, 2022 Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to...
Admiral Sees Cost of Motor Claims Running High in Britain and U.S. August 10, 2022 By Carolyn Cohn and Huw Jones The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said...
Lemonade Records Another Q2 Loss, Changes Pace For Profitability August 9, 2022 By Chad Hemenway Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6...
AIG Exceeds Profit Estimates on Strong Underwriting Gains August 9, 2022 Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned...
Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble August 8, 2022 By Jonathan Stempel The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run...
Net Loss of $343 Million for Liberty Mutual in Q2 August 4, 2022 Liberty Mutual Holding Co. said it recorded a second quarter net loss of about $343 million compared with net income...
Allstate ‘Further Accelerating’ Rate Hikes Following Q2 Loss August 4, 2022 By Chad Hemenway Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the...
Hartford, CNA Post Drops in Q2 Net Income August 2, 2022 Second quarter earnings at The Hartford fell to $437 million – about 51% less than the same period a year...
Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg July 28, 2022 By Chad Hemenway Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to “keep pace with...