Homeowners' insurance
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Headwinds weigh on carrier results, but premiums and surplus remain mostly stable. -
Loss ratios and surplus improve for the group, but don’t guarantee this is a turning point.
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A January freeze saw temps drop to close to -50°F.
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The CPI all items index was at 3.2%, from 3.1% in January.
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Commercial lines difficulties continue to weigh down industry results.
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Sizeable investment returns masked 10-year high underwriting losses.
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Personal lines rate filings are rising, even as some inflation drivers slow.
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Slide, American Integrity, and Security First were approved.
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Increased cat losses in property offset auto improvements.
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The carrier has filed to withdraw from nine states total.
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The non-renewals will continue through June 15, 2025.
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Insured loss estimates are not yet available.
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