Property/Casualty Insurance Industry Reports Best Performance in Over a Decade; Faces 2025 Challenges

Property/Casualty Insurance Industry Reports Best Performance in Over a Decade; Faces 2025 Challenges

MALVERN, PA — The U.S. property/casualty (P/C) insurance industry achieved its strongest underwriting results in more than a decade in 2024, closing the year with a net combined ratio (NCR) of 96.6. This marks a 5.1-point year-over-year improvement and the industry’s best performance since 2013, according to a new report from the Insurance Information Institute (Triple-I) and Milliman. Yet, emerging challenges in 2025, including the economic imp…

Most Lines of Business Softening, Litigation Influencing Others, The Council's Q1 2025 P/C Market Survey Shows - The MJ Companies

There were clear signs of softened market conditions this quarter, a continuation of a trend in 2024 of flat to lower premium increases for most account sizes and most lines. Premiums across all account sizes rose by an average of 4.2%, down from the 5.4% increase in Q4 2024. Increases for medium accounts slowed the most: the average increase for this account size in Q1 was 3.7%, a 42% decrease from Q4’s recorded 6.4% increase. Large account inc…