The most viewed headlines from our Profit Loss Topic Page over the last 30 days.
May 9 2025 // Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track.The...
Apr 16 2025 // The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million.Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024....
May 1 2025 // Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses.The gross loss was partially offset by...
May 8 2025 // Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago.Catastrophe losses for the first three months of 2025—driven by...
May 5 2025 // He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer...
Apr 23 2025 // First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results.Chief Executive Officer Evan G. Greenberg in a statement said the insurer...
Apr 30 2025 // Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis.If this trend continues, global...
May 6 2025 // Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million a year ago during the same time.The decline, according to a letter to shareholders, was due primarily to...
Apr 24 2025 // Eli Lilly said Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, after a U.S. judge last month blocked pharmacies from making copies of its weight-loss and diabetes...
May 1 2025 // First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million.The unit—North America commercial, International commercial, and global personal—recorded...
Apr 30 2025 // The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an...
Apr 16 2025 // First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6 billion.Progressive reports results monthly. Net income for March was down 42% to $522 million. The Mayfield...
Apr 21 2025 // Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses...
Apr 29 2025 // A key contract that supports the network service provider for the US National Oceanic and Atmospheric Administration is set to lapse this week, threatening internet access and the transmission of internal data nationwide...
May 5 2025 // CNA Financial Corporation reported first quarter net income of $274 million, down 19% from the same period a year ago.CNA’s property/casualty operations booked net income of $311 million, with underwriting income of...
May 8 2025 // Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year.The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 2024...
Apr 25 2025 // Net income at The Hartford decreased 16% to $630 million in the first quarter 2025, driven by losses from the California wildfires.Property/casualty catastrophe losses for Q1 2025 were $467 million pretax—$325 million,...
May 2 2025 // During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said that all levels of government play a role.“Where government regulation and infrastructure allow...
May 6 2025 // A net 30,000 New Yorkers fled the city for Florida’s Palm Beach and Miami-Dade counties in the five years through 2022, taking with them a combined $9.2 billion in income, a new report shows.The two Florida counties...
May 1 2025 // First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period a year ago.The Worcester, Massachusetts-based insurer’s Q1 combined ratio was 94.1, and...