Progressive Net Income More Than Doubles in 2024 January 29, 2025 Progressive Corp. said its fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the...
Where Homeowners Rates Are Rising—and Who Is Raising Them Most January 24, 2025 According to a new analysis of homeowners insurance rates, some Midwest states saw the biggest jumps in premiums last year—and...
Nonstandard Auto Segment Posts Profit for First Half 2024 December 13, 2024 By Jahna Jacobson While publicity about personal auto insurer initiatives has focused chiefly on requested rate increases, there’s more to the picture regarding...
Swiss Re Targets Net Income of More Than US$4.4 billion for 2025 December 13, 2024 Swiss Re is targeting a net income of more than US$4.4 billion for 2025 and aims to grow the ordinary...
Munich Re Targets Net Profit of €6 Billion ($6.3 billion) for 2025 December 13, 2024 Munich Re is aiming for an IFRS net profit of €6 billion (US$6.3 billion) in 2025 as a result of...
Allianz Raises Financial Targets for Next Three Years December 10, 2024 By Andrey Sychev and Alexander Hübner Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year,...
Zurich Insurance Group Sets New Targets After Meeting Existing Ones a Year Early November 21, 2024 By Levin Stamm Zurich Insurance Group AG set new targets for profitability and profit growth for the next three years, after a better-than-expected...
Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost November 15, 2024 By Susanne Sclafane While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a...
Liberty Mutual Quadruples Q3 Net Income Despite Catastrophe Losses November 7, 2024 By Chad Hemenway Liberty Mutual Holding Company said consolidated third quarter net income more than quadrupled to $897 million compared to $215 million...
Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise November 7, 2024 By Carolyn Cohn Zurich Insurance Group said on Thursday that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the...