trending Market Intelligence /marketintelligence/en/news-insights/trending/J3kEZgOV32CeCbK8b2JkaA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

With fewer catastrophes, homeowners loss ratios and premiums improve in Q3

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

With fewer catastrophes, homeowners loss ratios and premiums improve in Q3

The U.S. homeowners insurance industry's loss ratio improved markedly year over year in the third quarter, declining to 59.19% from 66.77%, while premiums grew 5.4% over the same period.

An S&P Global Market Intelligence analysis of quarterly filings shows that United Services Automobile Association, Travelers Cos. Inc., American Family Insurance Group, Progressive Corp. and Universal Insurance Holdings Inc. saw double-digit premium growth in the third quarter. USAA posted robust premium growth of 11.2% year over year, widening its lead as the third-largest homeowners insurer in the country over Liberty Mutual Insurance Co.

Progressive continues to be the growth leader in the homeowners segment, posting an 18.4% year-over-year increase in premiums.

Among the top 20 homeowners insurers, the company that saw its loss ratio improve the most was American International Group Inc. AIG recorded a loss ratio of 64.37% for the third quarter versus 177.29% a year ago. Its premiums, however, fell 4.8% year over year.

Universal Insurance's direct loss ratio touched 108.25% in the quarter. Its net loss ratio was up 18.8 percentage points year over year to 64.3% due to a decrease in financial benefits from claims management, unexpected weather events and business mix changes, among other things.

SNL Image

Moody's analyst Paulette Truman said trade tensions between the U.S. and China could result in another rise in materials costs and cut homeowners insurers' profitability. The cost of residential construction materials has climbed in the last two years, partly due to demand surge from significant catastrophes in years prior, the analyst said.

Moody's has a stable outlook for the U.S. personal lines space for the upcoming year.