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Underwriting Margin by Segment
Shows underwriting profitability as a percentage for each segment, isolating insurance performance from investment results. Higher margins indicate effective pricing and claims control; falling margins warn of competitive pressure or rising losses.Personal and Commercial margins moved from mid‑cycle weakness into sustained, healthier levels since late‑2023, reflecting successful repricing and tighter underwriting that should materially support near‑term earnings. By contrast, Property is erratic—with prior catastrophic quarters and a mid‑2024 shock—then drops to zero reporting thereafter; that abrupt removal/reclassification is a red flag for investors because it masks prior volatility and potential catastrophe exposure, so check filings for whether exposure was ceded, resegmented, or shifted off‑balance.
Date | Personal Lines | Commercial Lines | Property |
|---|---|---|---|
Jun 30, 2026 | 12.40 | 14.70 | 0.00 |
Mar 31, 2026 | 14.00 | 11.00 | 0.00 |
Dec 31, 2025 | 12.50 | 13.00 | 0.00 |
Sep 30, 2025 | 10.50 | 10.80 | 0.00 |
Jun 30, 2025 | 14.00 | 13.20 | 0.00 |
Mar 31, 2025 | 14.30 | 12.50 | 0.00 |
Dec 31, 2024 | 11.40 | 10.60 | 0.00 |
Sep 30, 2024 | 10.40 | 11.30 | 21.50 |
Jun 30, 2024 | 11.40 | 11.40 | -66.30 |
Mar 31, 2024 | 15.50 | 8.20 | 6.60 |