AIG Profit Exceeds Expectations on Lower Catastrophe Losses May 2, 2024 By Matthew Griffin American International Group Inc. (AIG) reported profit above analysts’ estimates in the first quarter as lower-than-expected catastrophe losses contributed to...
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress May 1, 2024 Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating...
Hartford Q1 Income Up 41% on Commercial Lines as Auto Results Improve April 29, 2024 By Chad Hemenway The Hartford CEO Christopher Swift told analysts late last week that the insurer’s first quarter results included “progress toward restoring...
Chubb Records 13.3% Uptick in Q1 Net Income on Underwriting April 23, 2024 By Chad Hemenway Chubb started 2024 off with first quarter net income up 13.3%, compared to the same time a year ago, to...
Ryan Specialty Q4 Net Income Up 28% on E&S Expansion March 1, 2024 By Ezra Amacher Ryan Specialty reported fourth quarter 2023 net income of $58.5 million and net income of $194.5 million for the full...
State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 1, 2024 A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...
Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’ February 29, 2024 By Chad Hemenway Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million...
Warren Buffett Says Berkshire ‘Built to Last’ Though Eye-Popping Gains Are Over February 26, 2024 By Jonathan Stempel Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long...
Insurtech Root Inc. Results Improve but Remain at a Net Loss February 22, 2024 By Chad Hemenway Insurtech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for...
AIG General Insurance Q4 Income Up 19% on Underwriting, Investments February 14, 2024 By Chad Hemenway American International Group (AIG) during the fourth quarter 2023 recorded underwriting income of $642 million within its General Insurance segment...