Allstate Q1 Income Drops 52% on Record $3.3B Gross Catastrophe Losses May 1, 2025 By Chad Hemenway Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due...
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses April 30, 2025 By Ateev Bhandari Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment...
Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes April 29, 2025 By Chad Hemenway Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755...
Brokers Aon and WTW Each Report Steady Organic Growth of 5% in Q1 April 28, 2025 By L.S. Howard The brokers Aon and WTW both reported organic revenues of 5% for the first quarter of the year, level with...
Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’ April 23, 2025 By Chad Hemenway First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires...
Don’t Forget Tariff Impacts on Workers’ Compensation: Berkley April 22, 2025 The chief executive of W.R. Berkley Corp. said his company is very focused on the impacts of tariffs on loss...
Marsh McLennan Reports Organic Q1 Growth of 4%, a Decrease From Q1 2024 April 17, 2025 By L.S. Howard Marsh McLennan reported consolidated revenue during the first quarter of $7.1 billion, an increase of 9% compared with Q1 2024,...
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires April 16, 2025 By Chad Hemenway The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter...
Progressive Q1 Net Income Up 10% April 16, 2025 First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6...
Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs March 25, 2025 By L.S. Howard The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while...