Insurers Eye Best Results in a Decade Despite Fires, Tariffs, and Turmoil

Insurers Eye Best Results in a Decade Despite Fires, Tariffs, and Turmoil

MALVERN, PA — The U.S. property and casualty insurance industry weathered a volatile 2025 and is on track for its strongest underwriting performance in more than a decade, even as wildfires, tariffs, and geopolitical uncertainty tested the sector, according to a new industry outlook. The forecast, released by the Insurance Information Institute and consulting firm Milliman, projects that the industry will post its lowest Net Combined Ratio in ov…