The U.S. homeowners insurance segment posted a $16.5 billion underwriting gain in 2025, avoiding an annual underwriting loss for the first time in six years, according to AM Best.
Insurance Market Share Reports & Industry Trends
AM Best: U.S. P/C Fronting Market Tops $30 Billion as Credit Risk Grows
The U.S. P/C fronting market continued to expand in 2025, with more than $30 billion in estimated premium, while AM Best warned that growing use of unrated and unauthorized reinsurers is increasing counterparty credit risk.
AM Best: U.S. P/C Insurer Rating Downgrades Fall in First Half of 2026
AM Best reported substantially fewer U.S. property/casualty insurer rating downgrades in the first half of 2026, while upgrades increased and affirmations continued to dominate rating actions.
Best’s Market Segment Report: Rated US Property/Casualty Mutual Insurers Resilient Despite Competitive Pressures; Net Income Doubled in 2025
AM Best-rated U.S. P&C mutual insurers doubled net income to $42.6 billion in 2025, helped by a $14.8 billion underwriting gain and strong investment income.
Best’s Special Report: US Property/Casualty Industry Nearly Tripled Net Underwriting Income in First-Half 2026
U.S. property/casualty insurers recorded $31.2 billion in net underwriting income during the first half of 2026, nearly triple the prior-year result, as the industry’s combined ratio improved four points to 92.5.
