Industry 1st Quarter Results — Underwriting & Rates

AM Best said the first quarter of 2025 saw insurers hit a positive $16.3 billion in underwriting. That is way better than the $1 billion underwriting loss in the first quarter of 2025.

The combined ratio dropped to 92 from 99 a year ago. Take away the $10.9 billion of favorable reserve development and the combined ratio is still a positive drop to 96.6.

• Catastrophe losses fell to around $10 billion compared to $33.3 billion in quarter 1 of 2025

• Net premiums written rose 2.9% to almost $251 billion

• The industry surplus rose 2.2% to $1.3 trillion

Looking at commercial lines, Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS) found commercial rates rising on average 2.5% in the first quarter. It is the third straight quarter of moderately rising rates.

Excess/umbrella had the highest increases.

Source link: Insurance Journal — https://bit.ly/3Sc75Bs

Source link: Reinsurance News — https://bit.ly/4erfXdT