Personal Lines Results Propel Turnaround in US Property/Casualty Industry’s 2024 Underwriting Performance
OLDWICK, N.J., June 26, 2025--(BUSINESS WIRE)--Underwriting results in the U.S. property/casualty (P/C) industry were led by a $31 billion turnaround in the personal auto line of business, with the entire P/C industry ending the year with a net underwriting gain of $22 billion, compared with a $23 billion loss in 2023, according to a new AM Best report. The 2024 financial results on each individual line of P/C business, along with corresponding analysis, are detailed in a new Best’s Special Report, titled, "2024 P/C Snapshot: Personal Lines Results Propel Turnaround...