The most viewed headlines from our Profit Loss Topic Page over the last year.
Mar 19 2025 // Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation.Sen. Nabilah Islam...
May 14 2025 // The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5...
Aug 7 2025 // Despite a significant reduction in personal auto insurance rates in Florida this year, Progressive may soon find itself in the unenviable position of sending small refunds to thousands of current and former...
Feb 21 2025 // The U.S. property/casualty industry took another underwriting loss in 2024, but results improved thanks to rate increases and changes in risk selection.A report from industry rating agency AM Best this week said U.S. P/C...
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...
Mar 3 2025 // After reporting underwriting losses of $13 billion in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss for 2024—but narrowed it thanks to its auto insurance results.State Farm reported a 2024...
Jun 2 2025 // When Mr. Best of AM Best created the combined ratio, he did the industry and arguably the world a great favor. After all, what business would only measure part of their cost and ignore the other 30% when determining...
Mar 12 2025 // S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing to the figure will...
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...
Mar 18 2025 // For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit.AM Best today in a “First Look” at US P/C financial results said the industry left 2024 with...
Feb 26 2025 // Insurtech Lemonade reported a fourth quarter 2024 net loss of about $30 million and a loss for the year of about $202.2 million.Results were in comparison to a net loss of $42.4 million for the fourth quarter 2023 and a...
Mar 20 2025 // Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under...
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 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...
Jun 9 2025 // Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry.According to industry rating agency AM Best,...
Feb 11 2025 // Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires.The Travelers Companies Inc. announced Tuesday it will lose an estimated $1.7 billion from last month’s...
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...
May 30 2025 // After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report...
Nov 10 2025 // Analysts’ projections of slower growth and smaller underwriting margins ahead for personal auto insurers started to play out ever so slightly in third-quarter results of two giant auto insurers this week.Both...
Jan 28 2026 // The Howden-driven talent war has cost Brown & Brown $23 million in revenue, according to J. Powell Brown, the broker’s president and chief executive officer.“As of today, approximately 275 of our former...