Lemonade Books Q3 Net Loss of $37.5 Million
Article 0 Comments Insurtech Lemonade reported a third quarter 2025 net loss of about $37.5 million compared with a loss of $67.7 million a year ago during the same time. Revenue and gross profit...
Tagged: financial results
An Unsustainable Trend – Declining P/C Rates and Rising Cost of Risk: Marsh’s Doyle
Article 0 Comments Property/casualty prices are declining, while the cost of risk continues to rise – a trend that is unsustainable over time, according to John Doyle, president and chief executive officer of Marsh...
AIG Q1 Underwriting Income More Than Halved on Wildfire Losses
Article 0 Comments First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year to $243 million. The unit—North America commercial, International commercial, and global personal—recorded $525 million in catastrophe-related...
Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs
Article 0 Comments The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with...
WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5%
Article 0 Comments WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million in the same period in 2023. However, the broker saw a...
Verisk’s First-Quarter Profit Beats on Insurance-Focused Analytics Demand
Article 0 Comments Data analytics firm Verisk beat estimates for first-quarter profit on Wednesday, driven by strong demand for its products used by property and casualty (P&C) insurers to assess underwriting risks. WHY IT’S...
Liberty Mutual Records $219M Q3 Net Income
Article 2 Comments Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. Timothy Sweeney “Solid underwriting...
5 Brokers Report Strong Revenues During Q3 as Favorable Market Climate Continues
Article 0 Comments Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and “strong” to describe their companies’ financial performances. In a wrap-up...
Travelers Q3 Net Income Down 11% on Catastrophe Losses, Reserve Development
Article 0 Comments Third quarter net income at Travelers Cos. fell 11% compared to the prior-year quarter to $404 million on higher catastrophe losses and unfavorable reserve development. As one of the first insurers...