Strong Growth in U.S. Insurance Sector: Underwriting Gains and Trends

Verisk, a leading data analytics and technology provider in the insurance industry, together with the American Property Casualty Insurance Association (APCIA), reports significant improvements in the U.S. insurance sector for the first nine months of 2025. The sector achieved an impressive underwriting gain of $35.3 billion, a notable increase from the $4 billion gain recorded in the same timeframe the previous year. This growth is driven by a 5.1% increase in net written premiums, reaching $740.7 billion, and a 6.9% boost in net earned premiums, totaling $711.2 billion, reflecting robust demand and effective pricing strategies.

The industry's combined ratio improved to 94%, marking the lowest rate in a decade, while the policyholders' surplus rose to $1.20 trillion. Despite a drop in realized capital gains to $15.6 billion, these metrics indicate enhanced underwriting performance, supported by Verisk's innovative data analytics solutions that help insurers optimize processes and cut operational costs. In H1 2025, underwriting gains adjusted to $11.6 billion, up from $3.8 billion in H1 2024, with insurers writing $489 billion in premiums—a 5.4% increase—and earned premiums up by 7.4% to $469 billion.

Verisk’s solutions support insurers and reinsurers in international regulatory compliance and efficient risk management, enhancing underwriting and claims operations across various segments like personal and commercial property, auto, and general liability. For more insights into Verisk's global operations across 20 countries and the APCIA's industry role, visit their respective websites.