Stalled growth for companies such as Heritage and Universal is a reflection of investors' reluctance to buy into the market during the Atlantic hurricane season.
All 12 companies in an S&P Global Market Intelligence analysis of leading US property and casualty (P&C) and multiline insurers reported increases in operating earnings per share and pre-tax net income.
An S&P Global Market Intelligence analysis found that combined ratios are expected to deteriorate both sequentially and year over year for a majority of the largest US property and casualty carriers in the first quarter of 2025.
Shares in Root have risen 35.10% since Jan. 22, the start of the property and casualty insurance segment's 2024 fourth-quarter earnings season, to $109.71, the highest closing price ever for the insurance technology company.
US insurance industry losses are expected to be between $750 million and $1.2 billion from one of the earliest Category-5 hurricanes seen in the Atlantic Basin.
The average cost of motor vehicle insurance in the US rose 20.6% in February, the steepest year-over-year increase for that metric since the mid-1970s.
The average cost of motor vehicle insurance in the US rose 20.6% in February, the steepest year-over-year increase for that metric since the mid-1970s.
The use of forward-looking models is a 180-degree departure from Proposition 103, which requires insurers to take the average of actual losses for the previous 20 years to set their rates.
An S&P Global Market Intelligence data analysis found that nine of the 14 CEOs in the analysis experienced decreases in their 2022 compensation packages. Compensation for three of them shrank by more than 90%.
The Louisiana Department of Insurance obtained $45 million in funding from the state legislature to launch a grant program based on Strengthen Alabama Homes.
Insurance stocks outperformed the broader market as the S&P 500 Insurance index
jumped 7.06% to 570.93 for the week ending May 27, while the S&P 500 climbed
6.58% to 4,158.27.
An S&P Global Market Intelligence analysis shows that the regulator signed off on 29 requests for private auto rate increases between January 2019 and March 2020, but none since April 2020.
An S&P Global Market Intelligence analysis shows that the regulator signed off on 29 requests for private auto rate increases between January 2019 and March 2020, but none since April 2020.