Insurance Companies Just Had Their Best Year in a Decade. So Why Is Your Bill Still Going Up?

You opened your homeowners renewal notice. The number went up. Again. Maybe it was 8%. Maybe it was 14%. Either way, your first thought was probably the same as everyone else’s: Who exactly is benefiting from all of this?

As it turns out, the answer just became very clear — and very official.

According to data released March 25, 2026 by Verisk and the American Property Casualty Insurance Association, the U.S. property and casualty insurance industry — the companies that cover your home, your car, and your belongings — posted a net underwriting gain of approximately $63 billion for full-year 2025. That is nearly triple the $23 billion gain recorded in 2024, and a complete reversal from a $22 billion underwriting loss just two years ago in 2023.

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