Midyear 2025 U.S. property/casualty insurance industry reports $11.5B underwriting gain despite inflation and catastrophe losses, with solid surplus and improved combined ratio.

Allstate reported a drop in second-quarter catastrophe losses to $1.99 billion from $2.12 billion year-over-year, driven by fewer claims from California wildfires and wind events. This decline, combined with premium growth, bolstered the insurer's Q2 financial results.

Travelers Companies exceeded Q2 earnings expectations, driven by strong underwriting, lower catastrophe losses, and higher investment income in property and casualty insurance.

Allstate reported $594 million in catastrophe losses for April 2024 amid shifts in its insurance portfolio, with homeowners policies rising 2.5% and commercial lines declining sharply. First-quarter net income was impacted by wildfire-related claims and elevated catastrophe costs.

Liberty Mutual's Q1 2025 earnings show a rise in catastrophe losses and combined ratio, offset by underwriting improvements and strong investment income, highlighting P&C market dynamics.

Chubb's Q1 2025 earnings show significant catastrophe losses from California wildfires impacting net income despite premium growth and underwriting improvements.

Chubb's Q1 2025 earnings declined due to $1.64B in catastrophe losses from California wildfires. However, underwriting income rose excluding catastrophes with premium growth across P&C and life segments.