AIG Q1 Underwriting Income More Than Halved on Wildfire Losses May 1, 2025 By Chad Hemenway First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North...
The Hanover Reports 11% Growth in Q1 Net Income May 1, 2025 By Chad Hemenway First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period...
Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses May 1, 2025 By Chad Hemenway Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due...
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses April 30, 2025 By Ateev Bhandari Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment...
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes April 29, 2025 By Chad Hemenway Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755...
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...