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Property/casualty industry swings to $15.8B underwriting gain in Q1 - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Property/casualty industry swings to $15.8B underwriting gain in Q1 by Matthew Lerner P/C Insurers Jun 23, 2026 The U.S. property/casualty insurance industry swung to an estimated net underwriting gain of approximately $15.8 billion in the first quarter of 2026 from an $864 million underwriting loss in first-quarter 2025. Last year’s first-quarter results were hurt by substantial catastrophe activity including California’s Palisades and Eaton wildfires, Data analytics company Verisk said in a report Tuesday. Net written premium growth slowed to 2.9% from 6.8% and the combined ratio improved to 92.4% from 99.2% during the year-ago quarter. Net income after taxes increased 110.7% to $40.9 billion from $19.4 billion in first-quarter 2025. Net investment income earned rose to $22.4 million from $19.8 million in first-quarter 2025. Policyholders’ surplus increased to $1.24 trillion from $1.09 trillion at the end of 2025. The lower catastrophe activity and gains in personal auto bolstered results, Verisk said. Industry profitability improved in 2025 and the first quarter of 2026, driven largely by moderating inflation and an unusual respite from natural catastrophes over the past 12 months, Robert Gordon, senior vice president, policy, research and international at the American Property Casualty Insurance Association, said in the report. Results are based on quarterly statements filed with insurance regulators by private property/casualty insurers domiciled in the United States, including reinsurers, excess and surplus insurers, and domestic insurers owned by foreign parents. Related News Grocers say Aon failed to notify insurers of opioid suits June 23, 2026 Supreme Court ends suit alleging Cisco helped China pursue Falun Gong June 23, 2026 AI accused of putting the ‘gas’ in gas prices June 23, 2026 NYC orders heat-safety plans for city workers, contractors June 23, 2026 MSIG USA appoints head of cargo and logistics June 23, 2026 Munich Re slashes retro coverage by more than 60% June 23, 2026 Steadfast bid faces network scrutiny June 23, 2026 Climate risks threaten 79% of data center capacity: First Street June 23, 2026 Mexico launches nationwide quake, volcano cover June 23, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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