U.S. P/C Insurers Post Best Q1 Underwriting Result in 17 Years

Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94— the best since first-quarter 2007.. Translating to an aggregate underwriting profit of $9.5 billion, the industry is poised for a full-year underwriting profit, too,…