Four P&C Insurers Seen as Resilient Ahead of Milder 2026 Hurricane Season

Industry

โดย Zacks Investment Research·Read original

Summary · why it matters

Colorado State University forecasts a milder-than-normal 2026 Atlantic hurricane season with 11 named storms, including five hurricanes and two major hurricanes, yet four property and casualty insurers are expected to remain resilient. HCI Group, The Progressive Corporation, The Allstate Corporation and Palomar Holdings are supported by stronger pricing, disciplined underwriting, favorable reserve development, increased exposure and healthy capital positions. The industry generated an estimated net underwriting gain of $63 billion in 2025, up from $23 billion in 2024, with a combined ratio improving to 92.9% from 96.6%, according to Verisk. Swiss Re projects the combined ratio to deteriorate to 99% in 2026 as catastrophe pressures normalize, while Aon estimates first-quarter 2026 catastrophe-related economic losses at $37 billion and insured losses at roughly $20 billion. Marsh's Global Insurance Market Index reported a 5% decline in global commercial insurance rates in the first quarter of 2026, marking the seventh consecutive quarter of pricing moderation.