In the June 2025 issue of the Insurance Journal, the profitability of the 10 largest P&C insurers was compared on the basis of their consolidated net income in 2024.
The net income presented there does not correspond to net income attributable to common shareholders, as appears in the annual financial statements published by insurance companies.
This article compares some 20 P&C insurers on the basis of consolidated net income in 2024, as provided by MSA Research to the Insurance Journal. The table below also compares 2024 results with those achieved a year earlier, including the results of subsidiaries of major insurance groups.
As can be seen from this compilation, the industry as a whole achieved net income of $12 billion, compared with net income of $11.4 B for the year 2023. This represents an increase of 5.2%.
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Revenues from insurance business totalled $107.8 billion for all P&C insurers who provided MSA Research with their figures. This represents an 11% increase over the previous year.
We can see the difference for each insurer, as a percentage increase or decrease in 2024 compared to the previous year.
According to the International Accounting Standards Institute, total insurance revenue for a group of insurance contracts corresponds to the consideration received from contracts, specifically the premiums paid. This amount is adjusted for the financing effect, excluding investment components.
This article is a Magazine Supplement of the July issue of the Insurance Journal.
