Los Angeles wildfires send US insurers to $1.1bn Q1 underwriting loss
Rating agency AM Best says the US P&C industry’s combined ratio for the first quarter of 2025 deteriorated 5.0 points to 99.4%, with catastrophes’ share rising to 14.7 points from 5.4 points
Sector books 34% decline in pre-tax operating income to $19.6bn, analysis of results by AM Best finds