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After reporting a technical loss of 1 billion USD in the first quarter of 2025, U.S. property and casualty insurers returned to technical profitability as of 31 March 2026.
According to AM Best, U.S. insurers ended the first three months of the year with net profit soaring by 107.7% to 41.8 billion USD.
Technical profit for the overall P&C market reached 16.3 billion USD.
This strong performance was driven primarily by lower natural catastrophe losses compared with the first quarter of 2025, which was heavily impacted by the costly California wildfires. As a result, the combined ratio improved by 7 points to 92%.
