Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’ April 23, 2025 By Chad Hemenway First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires...
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires April 16, 2025 By Chad Hemenway The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter...
Progressive Q1 Net Income Up 10% April 16, 2025 First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6...
Liberty Mutual Q4 Income Up Nearly 90%, Year Earnings Climb March 6, 2025 Liberty Mutual Holding Co. reported fourth quarter 2024 net income of $1.2 billion – a nearly 90% increase over the...
AmFam Reports Underwriting Profit for 2024 to Reverse Losses Last Two Years March 6, 2025 After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for...
Progressive’s Margins Leave Room for Tariff Impacts: CEO March 5, 2025 By Susanne Sclafane With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room...
State Farm 2024 Underwriting Losses Shrink on Auto Results March 3, 2025 By Susanne Sclafane After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss...
Insurtech Root Finishes 2024 With First Yearly Profit February 27, 2025 By Chad Hemenway Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter...
Buffett’s Berkshire Posts Record Profit on Insurance, Investments February 23, 2025 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes February 12, 2025 By Chad Hemenway American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but...