Verisk: US P&C insurers post USD 31.7 billion underwriting gain in H1 2026

Verisk Analytics estimated a USD 31.7 billion net underwriting gain for US property and casualty insurers in H1 2026, up from USD 11.6 billion.

• The combined ratio improved to 92.7 from 96.5 as incurred losses and loss-adjustment expenses fell 4.8% amid limited catastrophe losses.
• Net written premium growth slowed to 2.1% from 5.2%, signaling moderating pricing momentum as competition increased.
• Policyholders' surplus rose to USD 1.3 trillion from USD 1.13 trillion, strengthening balance sheets ahead of future catastrophe volatility.
• Net investment gains increased to USD 59.6 billion from USD 49 billion; net income climbed 53% to USD 77.8 billion.