Swiss Re Cuts 2024 Profit Target After Raising US Reserves November 7, 2024 By Noele Illien Swiss Re AG said it was raising reserves in its US Property & Casualty business by $2.4 billion in the...
AIG General Insurance Underwriting Profit Falls 28% in Q3 November 5, 2024 By Chad Hemenway American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to...
Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips November 4, 2024 By Chad Hemenway Third quarter underwriting income with Berkshire Hathaway’s insurance units fell about $1.7 billion to $750 million due to estimated losses...
Lemonade Remains in the Red With $68M Loss in Q3 October 31, 2024 Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million....
‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time October 31, 2024 By Chad Hemenway For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent...
Allstate Turns in Net Income of $1.2B After Q3 Hurricanes October 31, 2024 By Chad Hemenway Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to...
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income October 29, 2024 Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter...
Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton October 28, 2024 Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty...
Q3 Net Income Up 18% at The Hartford October 25, 2024 Third quarter 2024 net income at The Hartford improved about 18% compared to the same period a year ago despite...
W.R. Berkley Posts Record Q3 Net Income October 22, 2024 Third quarter 2024 net income at W.R. Berkley Corp. increased to about $365.6 million compared to $333.6 million the same...