Progressive More Than Doubles Q3 Net Income Despite Helene Losses October 15, 2024 By Chad Hemenway Progressive Corp. said it’s third quarter 2024 net income more than doubled compared to last year, to about $2.3 billion....
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best September 20, 2024 By Ezra Amacher The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in...
Personal Lines Turnaround Fuels US P/C Industry Underwriting Gain September 17, 2024 A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from...
Property Drives E&S Growth of 15% in 2023 to Increase Overall P/C Share September 12, 2024 By Chad Hemenway For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal September 6, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio September 5, 2024 By L.S. Howard The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from...
Ping An Profit Rises Nearly 7% as Market Recovery Bolsters Returns August 23, 2024 By Bloomberg News Ping An Insurance (Group) Co. said profit rose nearly 7% in the first half, after a stock-market recovery helped bolster...
Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims August 22, 2024 By Myriam Balezou Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted...
UK Insurer Aviva Beats Earnings Forecasts on Home, Motor Insurance Price Hikes August 14, 2024 By Carolyn Cohn British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said...
Generali Profit Falls as Europe Flooding Hurts Non-Life Results August 12, 2024 By Sonia Sirletti Assicurazioni Generali SpA’s second-quarter profit fell 24% from a year earlier, as claims from storms and flooding in Europe weighed...