Best’s Special Report: P/C Industry Turns Around Losses in Q1 2024, Records $9.3B Underwriting Gain

E&S market growth

The U.S. property/casualty (P/C) industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, a significant improvement from the $8.5 billion loss recorded in the same prior-year period, according to a new AM Best report.