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Consumers purchasing new policies and shopping around for auto insurance in the U.S. helped carriers post positive year-over-year growth and record volumes for the final quarter of the year, ...
The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7, outperforming personal lines at 109.9, according to the latest underwriting ...
A new report on the state of the homeowners market in the U.S. highlights how insurance carriers used timely rate actions to thwart residual inflationary pressures, improving the overall prospective ...
During a Q2 2023 earnings call this week, Progressive Corp. announced their earnings goals fell short of its combined ratio target of 96, as a result of catastrophe losses and increases in vehicle ...
Chubb beat estimates for quarterly profit on Tuesday as higher returns from its investments cushioned a hit from catastrophe-related claims. Investment income, which had slumped for most insurance ...
After four years of unparalleled underwriting profitability ending in 2021, the P/C market is headed for a second straight year of underwriting losses, according to the newly released S&P Global ...
W.R. Berkley Corp.'s 2020 third-quarter financial results landed on the strong side despite a dip in net income and more COVID-19 losses, a result the company credits to rate hikes and underwriting ...
A 102.2 combined ratio may not be seem very good. For the U.S. nonstandard auto market, however, it represents a big improvement over past performance. A new A.M. Best report concluded the market ...
Allianz is "highly likely" to reach the upper half of its 2018 profit target range, Chief Financial Officer Giulio Terzariol said as the German insurer cited lower costs and claims in its third ...
State Auto Financial Corp. eked out a small profit in the second quarter, with rate hikes helping its bottom line. At the same time, the Ohio-based insurer struggled with a combined ratio well above ...
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