The US property/casualty insurance sector posted a $1.1 billion underwriting loss in Q1 2025 driven by California wildfires, impacting combined ratios and net income significantly.
The US commercial P&C insurance market faces elevated catastrophe losses in 2025, with wildfire intensity and material costs impacting underwriting, premiums, and availability. Stable capital and competitive renewals present opportunities amid ongoing challenges.
US property insurance market sustains ample capacity and competitive conditions despite record catastrophe losses in Q1 and an expected active hurricane season, according to USI's midyear outlook.
Liberty Mutual reports $1B Q1 2025 net income, down 33%, impacted by $1.8B catastrophe losses from California wildfires. Underwriting improvements lowered the underlying combined ratio to 81.9. Net written premiums fell in U.S. retail markets but rose 7.5% in Global Risk Solutions.
Cincinnati Financial posts Q1 2025 net loss due to increased catastrophe losses and decreased investment gains, with premium growth and risk strategies shaping outlook.
Cincinnati Financial Corporation reports Q1 2025 net loss due to increased catastrophe losses; highlights premium growth and strong investment income amid market challenges.
The Hartford's Q1 2025 earnings show a 16% decline in net income due to catastrophe losses, with a 9% growth in property and casualty premiums and stable underwriting performance.
