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U.S. property/casualty insurers report a $4.1B gain in 2024, reversing a $32.1B loss in 2023.
The U.S. property/casualty insurance industry saw a significant turnaround in 2024, reporting a $4.1 billion underwriting gain in the first nine months, compared to a $32.1 billion loss in the same period in 2023.
This improvement was driven by higher premiums, reduced catastrophe losses, and a boost from capital gains at Berkshire Hathaway companies.
The industry's combined ratio improved to 97.9, from 103.7 in 2023, reflecting better profitability.
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Las aseguradoras estadounidenses de propiedades/casualidades reportan una ganancia de $4.1B en 2024, revirtiendo una pérdida de $32.1B en 2023.