In 2025, the US property/casualty insurance industry delivered its strongest underwriting performance in two decades, according to a newly released report by Fitch Ratings.Last year, the sector achieved its second consecutive year of underwriting profitability, marking its second consecutive year of profitability after the underwriting losses seen in 2023 and 2024.“After adjusting industry investment earnings for large realized gain items at Berkshire Hathaway Inc. (AA-/Stable), the industry’s second-larges ...