Editor at Coverager
The reciprocal reported a net underwriting loss of $18 million for the year.
The carriers offered coverage in 13 states.
The carrier reported a net underwriting loss of $80.5 million, up from a loss of $58 million in 2024.
The profit represents a a 13% decrease compared to 2024.
Net worth for the mutual hit $170 billion.
The company had $312 million of unencumbered capital at the end of 2025.
The company’s cash, cash equivalents, and investments totaled approximately $1.12 billion at December 31, 2025.
The insurer ended the month with a combined ratio of 84.4% and net income of $1.16 billion.
In 2025, Progressive’s net income reached $11.3 billion and combined ratio was at 87.4%.
Ethos intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “LIFE.”
Allianz has been Wrisk's primary underwriter for almost 10 years.
The insurer has gone public with a $10.3 billion bid to buy Beazley.
Tesla recently expanded its insurance offering to 13 states.
Tesla currently offers coverage in 13 states.
We obtained two emails that were sent this morning by co-founders and co-CEOs of Loop Carey Anne Nadeau.
