2025 marked cyclical peak for US P&C underwriting profitability: Swiss Re

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Reinsurance News - Jan 20, 2026

US property & casualty (P&C) premium growth and profitability are moderating as the market enters 2026, following an exceptionally strong 2025 that marked a “cyclical peak” for underwriting performance, according to a new report from the Swiss Re Institute. “We estimate US...

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