Progressive Returns to Positive Net Income in Q2 July 13, 2023 By Chad Hemenway Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same...
Berkshire’s Jain on GEICO Profit: ‘Don’t Take It to the Bank’ May 8, 2023 By Susanne Sclafane Even though Berkshire Hathaway’s GEICO achieved a 93 first-quarter combined ratio, an enviable result measured against industry peers, the leader...
Warren Buffett Predicts Earnings Decline at Berkshire Units May 8, 2023 By Max Reyes Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy...
AIG Records Strongest Q1 Underwriting Results in General Insurance May 5, 2023 By Chad Hemenway American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest...
Allstate Posts Loss With ‘Exceptionally’ High Catastrophe Costs May 4, 2023 By Sally Bakewell Allstate Corp. posted a bigger first-quarter loss than analysts expected as higher premiums failed to offset rising auto costs and...
Progressive Falls Short of Goal in Q1 May 3, 2023 By Allen Laman Despite posting a year-over-year net income increase of 45%, Progressive Corp. shared first quarter financial results on Tuesday that showed...
Q1 Net Income Up 21% at The Hartford but Personal Lines Unprofitable April 28, 2023 By Chad Hemenway The Hartford Financial Services reported first quarter 2023 net income of $535 million, nearly a 21% increase over $443 million...
Markel Returns to Q1 Net Income Profit on Investment Gains April 27, 2023 By Chad Hemenway Markel Corp. reported first quarter 2023 net income of $537.8 million compared to a loss of about $48.8 million a...
Catastrophe Losses Hinder Chubb Q1 Net Income April 26, 2023 By Chad Hemenway First quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains...
W.R. Berkley CEO Says Insurer Isn’t Going to Chase D&O Market ‘Down the Drain’ April 24, 2023 By Chad Hemenway W.R. Berkley Corp. President and CEO Robert Berkley said the insurer is not going to follow the directors and officers...