The U.S. property/casualty (P/C) insurance industry experienced a substantial reduction in underwriting losses in 2024, with net underwriting losses narrowing to $2.6 billion from $24.6 billion in 2023, according to A.M. Best & Co. Inc.
Tag: p/c
U.S. Property/Casualty Industry Records $3.8 Billion Underwriting Gain in First-Half 2024
According to a new AM Best report, the U.S. property/casualty (P/C) industry recorded a $3.8 billion net underwriting gain in the first half of 2024, a significant improvement from the $24.0 billion loss recorded in the same prior-year period.