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U.S. Personal Auto Insurance Industry Posts Strong 2024 Results Amid Ongoing Challenges
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U.S. Personal Auto Insurance Industry Posts Strong 2024 Results Amid Ongoing Challenges
MALVERN, PA — The U.S. personal auto insurance industry achieved its best underwriting performance in years, reporting a net combined ratio of 95.3 in 2024, according to the latest Issues Brief from the Insurance Information Institute (Triple-I). The results signal a notable recovery for the sector since the disruptions of the pandemic era. “While the improved 2024 underwriting performance is encouraging, we remain focused on several challenges …
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