Verisk Data Shows $15.8B Underwriting Gain, 92.4% Combined Ratio and Launches Cargo Theft Alerts
VRSK•Q1 2026 U.S. P&C insurers posted a $15.8 billion net underwriting gain with a 92.4% combined ratio as net written premium growth slowed to 2.9% on stable catastrophe experience. Verisk’s CargoNet unit recorded 1,120 theft incidents and $121 million in losses and added theft-risk data into Trucker Path navigation.
1. Strong Q1 Underwriting Results
The U.S. P&C insurance industry achieved a $15.8 billion net underwriting gain in Q1 2026, a swing from a $864 million loss in Q1 2025, driving the combined ratio down to 92.4%. Verisk’s analytics identified stable catastrophe exposure and improved personal auto underwriting as key factors.
2. Slower Premium Growth and Policyholder Dividends
Net written premium growth decelerated to 2.9%, down from 6.8% a year earlier, while Verisk data shows $6.2 billion returned to policyholders through dividends. Net earned premiums rose 3.8% and policyholders’ surplus climbed to $1.24 trillion, highlighting mixed market conditions.
3. CargoNet Partnership with Trucker Path
Verisk’s CargoNet unit recorded 1,120 cargo theft incidents and $121 million in losses through Q1 and embedded theft-risk analytics into Trucker Path’s navigation app. This integration provides county-level risk ratings and loss metrics to help drivers avoid high-risk cargo theft areas.
