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California Wildfires Drive $1.1 Billion First Quarter Loss for US Insurers

  • Writer: Actomate
    Actomate
  • Jul 23
  • 1 min read

In Q1 2025, U.S. property-casualty insurers recorded a $1.1 billion underwriting loss, a stark reversal from a $9.4 billion gain in Q1 2024. The loss was primarily caused by catastrophe claims from January’s California wildfires. Catastrophe losses added about 14.7 points to the industry’s combined ratio, pushing it to 99.4. Although net investment income rose by 2.4%, pre-tax operating income dropped 34%, and net realized capital gains plunged sharply. Overall net income fell by roughly 50%, underlining growing financial pressure from natural disasters and investment declines.

Source: Captive.com


Reports a $1.1B Q1 2025 underwriting loss for US P&C insurers, driven by California wildfire losses, reversing a $9.4B gain in Q1 2024.

 
 
 

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