EARNINGS
Apr 12, 2024 01:25 PM (EDT)
Progressive Corp. net income climbed more than fivefold to $2.33 billion in the first quarter as its combined ratio improved 12.9 points to 86.1.
SPECIAL REPORT
Apr 10, 2024 07:58 AM (EDT)
Earthquake-related claims for Taiwan’s commercial insurers related to this month’s seismic event are unlikely to exceed those stemming from the 2016 Meinong earthquake, given the more recent event’s greater distance from the economic centers and science parks, according to AM Best.
Apr 17, 2024 08:03 AM (EDT)
Total GAAP revenue of publicly traded U.S. life/annuity companies rose year over year by 2.3% in 2023 to $287.2 billion, aided by 20% growth in investment income.
Apr 16, 2024 07:38 AM (EDT)
Moving past the COVID-19 era economic fallout has given rise to indications of worsening reserve risk as insurers report financial results for fourth quarter and full-year 2023, according to a new AM Best report.
Apr 16, 2024 03:47 PM (EDT)
UnitedHealth Group Inc. has so far fronted about $6 billion to health care providers following the cyberattack at subsidiary Change Healthcare, as it proved one driver of a first-quarter loss totaling more than $1 billion.
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