U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line’s first underwriting gain since 2019, said AM Best.
In fact, seven of eight years from 2017 to 2024 saw homeowners insurers book underwriting losses.
A recent report on the homeowners segment from the industry rating firm said insurers looked to improve in recent years by increasing premiums to more appropriately match risk. AM Best said insurers are “doing a much
better job of matching rate to risk.” That, and a relatively calm 2025 hurricane season, helped financial results.
Filings for rate increases slowed in the second half of 2025 – a trend that has continued in 2026, AM Best said.
The segment also benefitted from price softening in the reinsurance market, as well as its use of advancements in data, analytics, and modeling.
“Homeowners insurers have put resources into improving their underwriting, claim handling, loss control, and overall efficiency to produce improved bottom-line results,” said Maurice Thomas, senior financial analyst, AM Best.
The group’s combined ratio in 2025 improved to 84.5 from 90.7 in 2024 and 99.5 in 2023.
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Loss-reserve development, which isn’t typically in the scenario for profit, has aided homeowners insurers the last couple of year, explained AM Best. F
ive insurance groups – USAA, American Family, Liberty Mutual, Chubb, and RenaissanceRe US – accounted for 47% of the $4.1 billion in favorable development in 2025.
Authorities are cracking down on the latest teenage craze wreaking havoc in communities across the US: e-bikes.
Police were called when dozens of e-bikes and e-motos swarmed the streets of Bend, Oregon, on a recent afternoon. In Orange County, California, two
teens were seen motoring through a Walmart. Security cameras in Orlando captured the chaotic scene when hundreds of riders blocked traffic.
Zipping along at up to 28 miles an hour, e-bikes and similar vehicles have become fixtures on American roads in recent years. But as they have caught on with younger riders, the dangerous — and sometimes deadly — consequences of reckless riding have been magnified.
E-bikes were responsible for more than 155,000 emergency room visits from 2017 through 2024, as well as over 300 deaths, according to the US Consumer
Product Safety Commission. In California alone, the number of injuries from e-bike collisions rose from two in 2020 to 1,566 in 2024, according to a study by the University of California, San Diego.
Government officials are now rushing to address the problem with age-related bans, licensing requirements and other restrictions. In July, New Jersey began implementing the toughest e-bike law in the nation, banning anyone under
age 15 from using them. One California community even resorted to the type of buyback program more often used to get guns off the street.
