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The US property and casualty (P&C) insurance sector experienced a significant recovery in 2024, according to AM Best, the credit rating agency. In its latest report, AM Best highlights a $31 billion improvement in the personal auto line of business, which helped push the industry to a $22 billion net underwriting gain—reversing a $23 billion loss from 2023. These findings are presented in AM Best’s newly released Best’s Special Report, titled “2024 P&C Snapshot: Personal Lines Results Propel Turnaround in Underwriting Performance; Premiums Exceed $1 Trillion.” The analysis is based...

After several years of elevated growth and performance, the US property and casualty (P&C) insurance sector is approaching a period of slower expansion and rising uncertainty, reports reinsurance giant Swiss Re. According to James Finucane, Senior Economist, and Thomas Holzheu, Chief Economist Americas, of the Swiss Re Institute—part of Swiss Re, a global reinsurance provider—the outlook for 2025 reflects a market adjusting to both economic headwinds and the lingering effects of past underwriting decisions. The analysts project that return on equity (ROE) will remain steady at 10% in both 2025...