Fitch Ratings projects steady underwriting profitability for U.S. property/casualty insurers in 2026 with premium growth slowing and reinsurance market evolving. Combined ratios expected near historical lows, while M&A activity rises amid softening rates.

Deloitte's 2026 Global Insurance Outlook details key challenges including premium growth slowdown, tariff impacts, climate risk, legal liabilities, and AI-driven transformation for U.S. insurers.