The industry paints a gloomy picture, but nationwide, property insurers still cleared $25.4 billion in underwriting profit in 2024, and their net investment income surged to $164.3 billion.
Thank you for this breakdown. We all sense something fishy with insurance profits and losses and here are the numbers. We need to keep the pressure on so at minimum they pay out claims for losses. I sure would love to see them disinvest from fossil fuels entirely- I remember that discussion many years ago and thought insurance companies would be the key to stopping new oil and gas extraction development. And now here we are, hotter and more chaotic than ever. Help! Superman!
Thank you for this breakdown. We all sense something fishy with insurance profits and losses and here are the numbers. We need to keep the pressure on so at minimum they pay out claims for losses. I sure would love to see them disinvest from fossil fuels entirely- I remember that discussion many years ago and thought insurance companies would be the key to stopping new oil and gas extraction development. And now here we are, hotter and more chaotic than ever. Help! Superman!