GM National Insurance Company reports Q1 results

GM National Insurance Company, the licensed carrier that’s part of General Motors, released its Q1 2025 results, ending the period with $9.5 million in written premiums, compared with $2.6 million in Q1 2024.

The carrier generated premiums in 14 states, up from 3 in the same quarter last year.

The company ended the period with a net underwriting loss of $15.4 million, a 19% increase compared to Q1 2024. The carrier had a gross loss ratio of 138.4% and an expense ratio of 173.5% in the quarter.