US P/C Industry Turns in $32.2B Underwriting Loss After 9 Months December 8, 2023 U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result,...
Reinsurers’ Earnings Rise on Lower Disaster Losses, Improved Investment Results: Fitch November 21, 2023 Lower natural catastrophe losses, a better investment result and strong revenue growth in property/casualty reinsurance led to strong earnings’ increases...
Generali Keeps 2024 Goal as Profits Rise 30% Despite Disaster Claims November 17, 2023 By Gianluca Semeraro Italy’s top insurer Generali stuck to 2024 targets on Thursday after posting a 29.6% rise in nine-month adjusted net profit...
Liberty Mutual Records $219M Q3 Net Income November 9, 2023 Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million...
Berkshire Hathaway Reports $12.8B Loss as Investments Fall; Insurance Performed Well November 6, 2023 By Josh Funk Warren Buffett`s company has reported a nearly $13 billion loss in the third quarter as the paper value of its...
Lemonade Expects to Be in the Black Within Three Years November 3, 2023 By Susanne Sclafane While Lemonade is still burning cash and reported a net loss on the bottom line of its third-quarter income statement,...
Progressive in a Better Place With Reserve Boosts Done, CEO Says November 2, 2023 By Susanne Sclafane Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has...
AIG General Insurance Income Up 82.7% in Q3 on North America Gains November 2, 2023 By Chad Hemenway American International Group (AIG) during the third quarter recorded a 264% increase in underwriting income within its General Insurance segment...
Allstate Shows ‘Progress,’ Narrows Q3 Net Income Loss to $41M November 2, 2023 By Chad Hemenway Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million...
Verisk Tops Q3 Expectations on Resilient Demand From Insurers November 1, 2023 Verisk Analytics beat market expectations for third-quarter revenue and profit on Wednesday, as more insurance companies used its products to...