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.
Tag: underwriting gains
Chubb’s Fourth-Quarter Profit Surges on P/C, Life Gains
Chubb Ltd.’s fourth-quarter profit more than doubled with the help of a tax benefit, record property/casualty underwriting income and 20.3% gains in life insurance net premiums written.