Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained March 11, 2024 By L.S. Howard Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,”...
Liberty Mutual Execs See Q4 Momentum as 2023 Income Falls March 8, 2024 By Susanne Sclafane Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed...
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...
Destination Progressive… or One of These Other Carriers February 29, 2024 By Susanne Sclafane Commissions are more certain than insurance losses. Those were not exactly the words that a Progressive executive used when he...
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...
GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts February 26, 2024 By Susanne Sclafane Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant...
Allianz Shares Drop on Weak Results in P/C Insurance February 23, 2024 By Stephan Kahl Allianz SE shares fell as the German insurance giant reported earnings in its property-casualty business that missed expectations. Fourth-quarter operating...
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...
Zurich Insurance Reports Record Profit, Announces $1.25B Share Buyback February 22, 2024 By Carolyn Cohn and Miranda Murray Zurich Insurance posted a better-than-expected annual operating profit on Thursday and announced a share buyback of up to 1.1 billion...