State Farm Sets Another Record With $14B Underwriting Loss in 2023 March 4, 2024 By Susanne Sclafane A year after recording the largest underwriting loss in the company’s 100-year history, State Farm eclipsed it in 2023. The...
Progressive Caps Its Worst Day Since 2000 After Results July 18, 2023 By Bre Bradham and Max Reyes Shares of Progressive Corp. fell the most since 2000 after the insurance company released second quarter results that missed analysts’...
A.M. Best Sees $12 Billion Underwriting Loss for P/C Insurers for 2018 February 28, 2019 By admin The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A...
Disaster Losses Cut Q3 Berkshire Hathaway Profits by 43% November 6, 2017 By JOSH FUNK Warren Buffett’s Berkshire Hathaway Inc. said Friday that its third-quarter profit fell 43 percent because of a $1.4 billion insurance...
P/C Insurers Report $4.7B Net Underwriting Loss in 2016 May 9, 2017 Private U.S. property/casualty insurers suffered a $4.7 billion net underwriting loss in 2016-following an $8.9 billion net underwriting gain in...
Risk Retention Groups Grow Despite Underwriting Loss: Demotech November 8, 2012 Risk retention groups reported an underwriting loss but a net income gain in the first half of 2012, according to...