Munich Re Lifts Target as Lower-Than-Expected Claims Fuel Profit October 24, 2023 By Stephan Kahl Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past...
Travelers Q3 Net Income Down 11% on Catastrophe Losses, Reserve Development October 18, 2023 By Chad Hemenway Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe...
Progressive Q3 Earnings Skyrocket as Combined Ratio Gets Closer to Goal October 16, 2023 By Chad Hemenway Progressive Corp. posted significant improvement in third quarter earnings late last week – with net income of $1.12 billion compared...
Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes August 10, 2023 By Chad Hemenway Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion....
Kemper Exits Preferred Home and Auto Business Immediately August 8, 2023 By Chad Hemenway As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it...
Berkshire Operating Earnings Jump on Insurance Strength August 7, 2023 By Max Reyes Warren Buffett’s Berkshire Hathaway Inc. posted gains in operating profit as strength in its insurance businesses helped counter inflationary pressures...
Swiss Re H1 Net Income Surges to $1.4B on Lower Natural Catastrophe Losses August 4, 2023 By Marion Halftermeyer Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by...
Lemonade Posts Q2 Loss of $67.2M, Reviews Homeowners Book August 3, 2023 Artificial intelligence-powered insurer Lemonade recorded a net loss of $67.2 million for the second quarter compared with a net loss...
Root Inc. Narrows Q2 Net Loss to $37M, Remains Committed to Pricing Model August 3, 2023 By Chad Hemenway Insurtech Root Inc. posted a another net loss for the second quarter 2023 of about $37 million. The loss was...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B August 1, 2023 By Chad Hemenway Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the...