{"success":true,"data":{"pressRelease":{"id":"70795","rtpr_id":"nGNX6cnRQF","ticker":"VRSK","exchange":"NASDAQ","all_tickers":["VRSK"],"title":"U.S. P&C Insurers Post Strong 92.4 Combined Ratio as Premium Growth Slows Sharply","author":"Globe Newswire","published_at":"2026-06-23T12:15:00.132Z","article_body":"JERSEY CITY, N.J., June 23, 2026 (GLOBE NEWSWIRE) -- Year-over-year, the U.S.\nproperty/casualty (P&C) insurance industry’s financial performance improved\nthrough the first three months of 2026, according to Verisk\n(https://www.globenewswire.com/Tracker?data=MR7mBrOxNIwURze_OZpQwqiInUyj9V4i_fnhr9Rtk7FI3fR3qZLKF4DmXW916gFstDzAoojFvL3D_Zr13dk1LQ==) (Nasdaq:\nVRSK), a leading strategic data analytics and technology partner to the global\ninsurance industry, and the American Property Casualty Insurance Association\n(https://www.globenewswire.com/Tracker?data=lOZZV9uR9y_3mbCwleoU7J4qfYapWuAK0pbex6KjzcwXJ6QW1jZjF1S2Y9D1u-LSnnqLTSDIhZXVPxJtUFVueEp7FqT0tkU9Lxvc74FaAg_du8PxW5D5ip42kgZ_mP9i) (APCIA),\nthe primary national trade association for home, auto and business insurers.\n\nAccording to key financial indicators for private U.S. P&C insurers, the\nindustry posted an estimated net underwriting gain of approximately $15.8\nbillion in Q1 2026, a strong rebound from the $864 million underwriting loss\nin Q1 2025, which was heavily impacted by large-scale catastrophe activity,\nincluding the Palisades and Eaton wildfires. Year-over-year industry financial\nvolatility was similar in the first quarters of 2023 and 2024, swinging from a\n$7.8 billion loss to a $9.5 billion gain, respectively.\n\nFirst-quarter results improved largely due to continued momentum in personal\nauto underwriting, alongside a more stable catastrophe experience relative to\nthe prior year. Some carriers have returned personal auto premiums through\nelevated policyholder dividends, marking a shift from recent periods of auto\nrate increases. At the same time, broader market conditions are mixed and\nother lines of insurance continue to face pressure.\n\n“Industry profitability improved in 2025 and the first quarter of 2026,\ndriven largely by moderating inflation and an unusual respite from natural\ncatastrophes over the past 12 months,” said Robert Gordon, senior vice\npresident, policy, research and international, APCIA. “In good news for\npolicyholders, premium increases continued to slow. Net written premium growth\nslowed sharply to 2.9 percent in Q1 2026, down from 9.6 percent in Q1 2024 and\n6.8 percent in Q1 2025. When factoring in inflation and $6.2 billion returned\nto policyholders through dividends, written premiums have effectively declined\nin 2026.”\n\n“Net income bounced back in Q1 2026 following a 50 percent decline in Q1\n2025. At the same time, legal system abuse and rising claims severity continue\nto be among the industry’s most significant headwinds. States such as\nFlorida that have enacted meaningful legal system abuse reforms are beginning\nto see progress, including stabilization and reductions in auto and\nhomeowners’ insurance rates,” Gordon concluded.\n\nUnderwriting Industry Financial Results Through Q1 2026, Post-Policyholder\nDividends\n* Written premiums: Net written premium growth slowed to 2.9 percent,\ncompared to 6.8 percent during the same period in 2025.\n* Earned premiums: Net earned premiums rose 3.8 percent, compared to 7.8\npercent during the same period in 2025.\n* Underwriting gain: The U.S. P&C insurance industry posted an estimated net\nunderwriting gain of $15.8 billion, an improvement from the $864 million\nunderwriting loss through the first three months of 2025.\n* Incurred losses and loss adjustment expenses: Incurred losses and loss\nadjustment expenses decreased by 9.6 percent, compared to a 15.5 percent\nincrease in Q1 2025. The combined ratio improved to 92.4 percent, down from\n99.2 percent in the same period last year.\n* Surplus: Policyholders’ surplus increased to $1.24 trillion from $1.09\ntrillion during the same period in 2025.\n* Realized capital gains: Realized capital gains increased to $8.8 billion,\ncompared to $3.7 billion in Q1 2025.\n* Net income: Net income after taxes increased to $40.9 billion from $19.4\nbillion in Q1 2025.\n“First-quarter results reflected meaningful improvements, most notably in\npersonal auto, but slower premium growth and continued pressure in casualty\nunderscore an uneven recovery across the market,” said Saurabh Khemka,\npresident of Verisk Underwriting Solutions. “Heading into the 2026 hurricane\nseason, a critical focus for the industry is the potential for catastrophic\nactivity to impact full-year performance. Profitability will need to hold\nthrough historically more active second and third quarters, as even in\notherwise calm El Niño years, a single event can materially shift\noutcomes.”\n\nKhemka added, “In today’s market, underwriting performance is increasingly\ndefined by the quality and consistency of individual decisions. Carriers are\nusing more granular data and AI to improve insight into how specific risks are\nselected, priced and managed across their portfolios, bringing greater\ndiscipline to underwriting at scale. That level of precision is critical\nnot only for protecting margins, but for sustaining performance in the year\nahead as conditions evolve.”\n\n\n\nNote: The results above are based on quarterly statements filed with\ninsurance regulators by private property/casualty insurers domiciled in the\nUnited States, including reinsurers, excess and surplus insurers, and domestic\ninsurers owned by foreign parents, and excluding state funds for workers'\ncompensation and other residual market insurers, the National Flood Insurance\nProgram, and foreign insurers. The figures are consolidated estimates based on\nreports accounting for about 98 percent of all business written by U.S.\nproperty/casualty insurers. All figures are net of reinsurance unless\notherwise noted and occasionally may not balance due to rounding. Net\ninvestment results displayed are post-tax.\n\nAbout Verisk\nVerisk (Nasdaq: VRSK) is a leading strategic data analytics and technology\npartner to the global insurance industry. It empowers clients to strengthen\noperating efficiency, improve underwriting and claims outcomes, combat fraud\nand make informed decisions about global risks, including climate change,\ncatastrophic events, sustainability and political issues. Through advanced\ndata analytics, software, scientific research and deep industry knowledge,\nVerisk helps build global resilience for individuals, communities and\nbusinesses. With teams across more than 20 countries, Verisk consistently\nearns certification by Great Place to Work\n(https://www.globenewswire.com/Tracker?data=VR8XsC81WKfQio_6T1mZoNXvj4FW7J8BRMLNPLd-NmwF1AxE7ZL64WabEVcLwUXC4A7WG_eC91Qk_57C2O4QGpJN6F9iP24EOMSj1avIHZxJgvnJzAan154u20fCwaa8bcrGfVK6DSLdDVxM71rGmg==).\nFor more, visit Verisk.com\n(https://www.globenewswire.com/Tracker?data=2vibdFyk0pGka-y-0Zl9NhOSJ3LoMMroZsQvw0BLTBbR9XOmMJe2CyMFgBSolqARhAujf_v7jvhb39YX7CCfaZ8RGxmg1_wphLne41RWKKY=)\nand the Verisk Newsroom\n(https://www.globenewswire.com/Tracker?data=MR7mBrOxNIwURze_OZpQwuZ3ywsw4G0Vqynaxn85otFCwVEOd4kz-u6X0jaKBQ40dm0vMms2qgax8cZwyGBDkaPkB5NPUU4z1JmPVVTO1QHQCIDs9pI8G47f82_e_-7a).\n\nMorgan Hurley \nVerisk \n551-655-7858\nmorgan.hurley@verisk.com\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/691d9ae6-2551-4eb1-8e63-a4bcb06e72bf)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6cnRQF","title":"U.S. P&C Insurers Post Strong 92.4 Combined Ratio as Premium Growth Slows Sharply","author":"Globe Newswire","ticker":"VRSK","created":"2026-06-23T12:15:00.132Z","tickers":["VRSK"],"exchange":"NASDAQ","article_body":"JERSEY CITY, N.J., June 23, 2026 (GLOBE NEWSWIRE) -- Year-over-year, the U.S.\nproperty/casualty (P&C) insurance industry’s financial performance improved\nthrough the first three months of 2026, according to Verisk\n(https://www.globenewswire.com/Tracker?data=MR7mBrOxNIwURze_OZpQwqiInUyj9V4i_fnhr9Rtk7FI3fR3qZLKF4DmXW916gFstDzAoojFvL3D_Zr13dk1LQ==) (Nasdaq:\nVRSK), a leading strategic data analytics and technology partner to the global\ninsurance industry, and the American Property Casualty Insurance Association\n(https://www.globenewswire.com/Tracker?data=lOZZV9uR9y_3mbCwleoU7J4qfYapWuAK0pbex6KjzcwXJ6QW1jZjF1S2Y9D1u-LSnnqLTSDIhZXVPxJtUFVueEp7FqT0tkU9Lxvc74FaAg_du8PxW5D5ip42kgZ_mP9i) (APCIA),\nthe primary national trade association for home, auto and business insurers.\n\nAccording to key financial indicators for private U.S. P&C insurers, the\nindustry posted an estimated net underwriting gain of approximately $15.8\nbillion in Q1 2026, a strong rebound from the $864 million underwriting loss\nin Q1 2025, which was heavily impacted by large-scale catastrophe activity,\nincluding the Palisades and Eaton wildfires. Year-over-year industry financial\nvolatility was similar in the first quarters of 2023 and 2024, swinging from a\n$7.8 billion loss to a $9.5 billion gain, respectively.\n\nFirst-quarter results improved largely due to continued momentum in personal\nauto underwriting, alongside a more stable catastrophe experience relative to\nthe prior year. Some carriers have returned personal auto premiums through\nelevated policyholder dividends, marking a shift from recent periods of auto\nrate increases. At the same time, broader market conditions are mixed and\nother lines of insurance continue to face pressure.\n\n“Industry profitability improved in 2025 and the first quarter of 2026,\ndriven largely by moderating inflation and an unusual respite from natural\ncatastrophes over the past 12 months,” said Robert Gordon, senior vice\npresident, policy, research and international, APCIA. “In good news for\npolicyholders, premium increases continued to slow. Net written premium growth\nslowed sharply to 2.9 percent in Q1 2026, down from 9.6 percent in Q1 2024 and\n6.8 percent in Q1 2025. When factoring in inflation and $6.2 billion returned\nto policyholders through dividends, written premiums have effectively declined\nin 2026.”\n\n“Net income bounced back in Q1 2026 following a 50 percent decline in Q1\n2025. At the same time, legal system abuse and rising claims severity continue\nto be among the industry’s most significant headwinds. States such as\nFlorida that have enacted meaningful legal system abuse reforms are beginning\nto see progress, including stabilization and reductions in auto and\nhomeowners’ insurance rates,” Gordon concluded.\n\nUnderwriting Industry Financial Results Through Q1 2026, Post-Policyholder\nDividends\n* Written premiums: Net written premium growth slowed to 2.9 percent,\ncompared to 6.8 percent during the same period in 2025.\n* Earned premiums: Net earned premiums rose 3.8 percent, compared to 7.8\npercent during the same period in 2025.\n* Underwriting gain: The U.S. P&C insurance industry posted an estimated net\nunderwriting gain of $15.8 billion, an improvement from the $864 million\nunderwriting loss through the first three months of 2025.\n* Incurred losses and loss adjustment expenses: Incurred losses and loss\nadjustment expenses decreased by 9.6 percent, compared to a 15.5 percent\nincrease in Q1 2025. The combined ratio improved to 92.4 percent, down from\n99.2 percent in the same period last year.\n* Surplus: Policyholders’ surplus increased to $1.24 trillion from $1.09\ntrillion during the same period in 2025.\n* Realized capital gains: Realized capital gains increased to $8.8 billion,\ncompared to $3.7 billion in Q1 2025.\n* Net income: Net income after taxes increased to $40.9 billion from $19.4\nbillion in Q1 2025.\n“First-quarter results reflected meaningful improvements, most notably in\npersonal auto, but slower premium growth and continued pressure in casualty\nunderscore an uneven recovery across the market,” said Saurabh Khemka,\npresident of Verisk Underwriting Solutions. “Heading into the 2026 hurricane\nseason, a critical focus for the industry is the potential for catastrophic\nactivity to impact full-year performance. Profitability will need to hold\nthrough historically more active second and third quarters, as even in\notherwise calm El Niño years, a single event can materially shift\noutcomes.”\n\nKhemka added, “In today’s market, underwriting performance is increasingly\ndefined by the quality and consistency of individual decisions. Carriers are\nusing more granular data and AI to improve insight into how specific risks are\nselected, priced and managed across their portfolios, bringing greater\ndiscipline to underwriting at scale. That level of precision is critical\nnot only for protecting margins, but for sustaining performance in the year\nahead as conditions evolve.”\n\n\n\nNote: The results above are based on quarterly statements filed with\ninsurance regulators by private property/casualty insurers domiciled in the\nUnited States, including reinsurers, excess and surplus insurers, and domestic\ninsurers owned by foreign parents, and excluding state funds for workers'\ncompensation and other residual market insurers, the National Flood Insurance\nProgram, and foreign insurers. The figures are consolidated estimates based on\nreports accounting for about 98 percent of all business written by U.S.\nproperty/casualty insurers. All figures are net of reinsurance unless\notherwise noted and occasionally may not balance due to rounding. Net\ninvestment results displayed are post-tax.\n\nAbout Verisk\nVerisk (Nasdaq: VRSK) is a leading strategic data analytics and technology\npartner to the global insurance industry. It empowers clients to strengthen\noperating efficiency, improve underwriting and claims outcomes, combat fraud\nand make informed decisions about global risks, including climate change,\ncatastrophic events, sustainability and political issues. Through advanced\ndata analytics, software, scientific research and deep industry knowledge,\nVerisk helps build global resilience for individuals, communities and\nbusinesses. With teams across more than 20 countries, Verisk consistently\nearns certification by Great Place to Work\n(https://www.globenewswire.com/Tracker?data=VR8XsC81WKfQio_6T1mZoNXvj4FW7J8BRMLNPLd-NmwF1AxE7ZL64WabEVcLwUXC4A7WG_eC91Qk_57C2O4QGpJN6F9iP24EOMSj1avIHZxJgvnJzAan154u20fCwaa8bcrGfVK6DSLdDVxM71rGmg==).\nFor more, visit Verisk.com\n(https://www.globenewswire.com/Tracker?data=2vibdFyk0pGka-y-0Zl9NhOSJ3LoMMroZsQvw0BLTBbR9XOmMJe2CyMFgBSolqARhAujf_v7jvhb39YX7CCfaZ8RGxmg1_wphLne41RWKKY=)\nand the Verisk Newsroom\n(https://www.globenewswire.com/Tracker?data=MR7mBrOxNIwURze_OZpQwuZ3ywsw4G0Vqynaxn85otFCwVEOd4kz-u6X0jaKBQ40dm0vMms2qgax8cZwyGBDkaPkB5NPUU4z1JmPVVTO1QHQCIDs9pI8G47f82_e_-7a).\n\nMorgan Hurley \nVerisk \n551-655-7858\nmorgan.hurley@verisk.com\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/691d9ae6-2551-4eb1-8e63-a4bcb06e72bf)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-23T12:15:00.169700697Z","server_sent_at_ms":1782216900169},"received_at":"2026-06-23T12:15:00.223Z","source_url":"https://www.globenewswire.com/news-release/2026/06/23/3315942/0/en/U-S-P-C-Insurers-Post-Strong-92-4-Combined-Ratio-as-Premium-Growth-Slows-Sharply.html"},"analysis":{"id":"60187","press_release_id":"70795","analysis_json":{"industry":{"label":"IT Consulting & Other Services","sector":"Information Technology"},"redFlags":[],"eventType":"other","narrative":"Verisk, in partnership with APCIA, reported that the U.S. P&C insurance industry rebounded in Q1 2026 with a combined ratio of 92.4% and a net underwriting gain of $15.8 billion, reversing the prior year's loss.\n\nThe improved performance was driven by personal auto underwriting and lower catastrophe activity, though net written premium growth slowed sharply to 2.9%.\n\nVerisk's Saurabh Khemka noted the uneven market recovery and emphasized the increasing importance of granular data and AI in managing risk ahead of the hurricane season.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Verisk reports improved industry underwriting but notes slowing premium growth and uneven recovery."},"keyFigures":{"customDimensions":{"industry_surplus_usd":"$1.24 trillion","industry_combined_ratio":92.4,"industry_net_income_usd":"$40.9 billion","industry_nwp_growth_percent":2.9,"industry_underwriting_gain_usd":"$15.8 billion"}},"quotedText":"In today’s market, underwriting performance is increasingly defined by the quality and consistency of individual decisions.","namedEntities":{"people":[{"name":"Robert Gordon","role":"Senior Vice President, Policy, Research and International at APCIA"},{"name":"Saurabh Khemka","role":"President of Verisk Underwriting Solutions"}],"products":[],"companies":[{"name":"Verisk","ticker":"VRSK"},{"name":"American Property Casualty Insurance Association","relationship":"partner"}],"dollarAmounts":[{"amount":"$15.8 billion","context":"estimated net underwriting gain in Q1 2026"},{"amount":"$864 million","context":"underwriting loss in Q1 2025"},{"amount":"$6.2 billion","context":"returned to policyholders through dividends"},{"amount":"$1.24 trillion","context":"Policyholders’ surplus in Q1 2026"},{"amount":"$8.8 billion","context":"Realized capital gains in Q1 2026"},{"amount":"$40.9 billion","context":"Net income after taxes in Q1 2026"}]},"materialImpact":{"score":2,"reasoning":"This is an industry report published by the FILER using its proprietary data, not a corporate event or earnings release. While it highlights the FILER's thought leadership, it does not contain material disclosures specific to VRSK's financials or operations."},"tickerRelevance":{"others":[],"primary":"VRSK"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"industry-report","issuerAuthored":true}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Verisk, in partnership with APCIA, reported that the U.S. P&C insurance industry rebounded in Q1 2026 with a combined ratio of 92.4% and a net underwriting gain of $15.8 billion, reversing the prior year's loss.\n\nThe improved performance was driven by personal auto underwriting and lower catastrophe activity, though net written premium growth slowed sharply to 2.9%.\n\nVerisk's Saurabh Khemka noted the uneven market recovery and emphasized the increasing importance of granular data and AI in managing risk ahead of the hurricane season.","key_figures":{"customDimensions":{"industry_surplus_usd":"$1.24 trillion","industry_combined_ratio":92.4,"industry_net_income_usd":"$40.9 billion","industry_nwp_growth_percent":2.9,"industry_underwriting_gain_usd":"$15.8 billion"}},"named_entities":{"people":[{"name":"Robert Gordon","role":"Senior Vice President, Policy, Research and International at APCIA"},{"name":"Saurabh Khemka","role":"President of Verisk Underwriting Solutions"}],"products":[],"companies":[{"name":"Verisk","ticker":"VRSK"},{"name":"American Property Casualty Insurance Association","relationship":"partner"}],"dollarAmounts":[{"amount":"$15.8 billion","context":"estimated net underwriting gain in Q1 2026"},{"amount":"$864 million","context":"underwriting loss in Q1 2025"},{"amount":"$6.2 billion","context":"returned to policyholders through dividends"},{"amount":"$1.24 trillion","context":"Policyholders’ surplus in Q1 2026"},{"amount":"$8.8 billion","context":"Realized capital gains in Q1 2026"},{"amount":"$40.9 billion","context":"Net income after taxes in Q1 2026"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-23T12:47:44.267Z","global_importance":20,"audience_relevance":25,"importance_components":{"tickerTier":"large-cap","eventGravity":"industry-report","issuerAuthored":true}},"durationMs":151133,"modelName":"george-droid-qwen-72b"}}