Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns, the insurer said on Tuesday. The results mirror those of peers W R Berkley and Chubb, which also reported …
Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year. The company’s consolidated insurance operations turned in a first quarter combined ratio …
The brokers Aon and WTW both reported organic revenues of 5% for the first quarter of the year, level with Q1 2024. Aon’s total revenue in the first quarter increased 16% to $4.7 billion compared to $4.1 billion during Q1 …
First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarter …
The chief executive of W.R. Berkley Corp. said his company is very focused on the impacts of tariffs on loss costs, and ultimately pricing for short-tail lines of business. But the possibility of impacts of other lines, including workers’ compensation, …
Marsh McLennan reported consolidated revenue during the first quarter of $7.1 billion, an increase of 9% compared with Q1 2024, or 4% on an underlying (organic) basis. MMC had organic growth of 9% in Q1 2024. Q1 operating income was …
The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024. The underwriting loss …
First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6 billion. Progressive reports results monthly. Net income for March was down 42% to $522 million. The Mayfield Village, Ohio-based insurer’s …
The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with profit before tax of £9.6 billion ($12.4 billion) during …
Italy’s biggest insurer Generali reported on Thursday a record profit for 2024, ahead of a key shareholder vote next month on the reappointment of CEO Philippe Donnet. The insurer, historically a bulwark of Italy’s financial system, also said it could …
