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...
5 Brokers Report Strong Revenues During Q3 as Favorable Market Climate Continues October 30, 2023 By L.S. Howard Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,”...
CNA Returns to Black in Q3 With Net Income of $258 Million October 30, 2023 CNA Financial reversed a third quarter loss of $42 million in 2022 with net income of $258 million this year...
The Hartford Q3 Income Jumps 93% on Commercial Lines Results October 27, 2023 The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial...
Chubb Q3 Net Income Increases 158% to $2 Billion October 25, 2023 Third quarter net income at Chubb Ltd. shot up to $2.04 billion, an increase of nearly 158% over last year’s...
Munich Re Lifts Target as Lower-Than-Expected Claims Fuel Profit October 24, 2023 By Stephan Kahl Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past...
Q3 Net Income Up 45.7% at W.R. Berkley as it Handles Unabated ‘Burn’ of Social Inflation October 24, 2023 By Chad Hemenway Third quarter net income at W.R. Berkley Corp. increased nearly 46% compared to the same period last year to about...