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...
Chubb Q2 Net Income Drops $1 Billion; Books Record Insurance Results July 26, 2022 Chubb Ltd. late Tuesday said second quarter net income was about $1.22 billion, more than a 46% fall from $2.27...
Progressive Corp. Records June, Q2 Loss July 15, 2022 Progressive Corp. said Friday it recorded a loss of about $543 million for the second quarter 2022 and a loss...
U.S. P/C Q1 2022 Underwriting Income Up 5%: AM Best May 31, 2022 AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion. Explaining...
P/C Industry Posts 2021 Underwriting Loss but Surplus Hits $1 Trillion May 26, 2022 Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry...
Allstate Q1 Net Income Returns to Black Despite Adverse Auto Results May 4, 2022 By Chad Hemenway First quarter 2022 insurance premiums earned grew 6.5% to about $11 billion at Allstate Corp., as net income was $630...