Verisk/APCIA: $11.5B underwriting gain in 1H25 despite headwinds

Verisk/APCIA data indicate better combined ratios versus 2024. Commercial lines momentum helped offset CAT and severity pressures. Captive parents can review dividend/ITCL settings given improved earnings. But sustained social inflation argues for conservatism. Scenario tests should reflect divergent views across lines. Source: Captive.com #Actomate #US #MarketInsight #CaptiveStrategy #RiskManagement