Loss Executives Association

AM Best: US Mutual Insurers Doubled Net Income in 2025

September 29, 2026

Total net income for U.S. property/casualty mutual insurers doubled compared to 2024 to about $42.6 billion in 2025 as underwriting income surged to about $14.8 billion from a loss of $7.2 billion in 2024. According to a recent A.M. Best …

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