Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga’s Underwriting Business, have been obtained and the transaction has been completed. The completion of the acquisition of AICL represents the first milestone towards the establishment of a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga's customers, as communicated on 16 December 2024 (read the ...

Dublin, July 01, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: The Allstate Corporation - 2025" company profile has been added to ResearchAndMarkets.com's offering. Insights of its digital transformation strategies and innovation programs. Overview of technology initiatives covering partnerships, product launches, investments, and acquisitions. Insights on each technology initiative including technology theme, objective, and benefits. Details of estimated ICT budgets. Gain insights into Al ...

Key Takeaways Global commercial insurance rates fell 3% in the first quarter of 2025, per Marsh. Despite recent pricing pressure, Deloitte projects global gross premiums to grow sixfold by 2030. Insurers are investing heavily in technology to increase margins, efficiency, and operational scale.The Zacks Insurance industry remains well-poised for growth, riding on better pricing, prudent underwriting and exposure growth. Redesigning and repricing of products and services to maintain sales and profitability ...

INVESTOR DAY 2025 Non-GAAP Financial Measures This presentation includes the non-GAAP financial measure (including on a forward-looking basis) Adjusted EBITDA. Hippo defines Adjusted EBITDA, a non-GAAP financial measure, as net loss attributable to Hippo excluding interest expense, income tax expense, depreciation, amortization, stock-based compensation, net investment income, restructuring charges, impairment expense, gains and losses on sales of business, other non-cash fair market value adjustments, and ...

Core Insights - The Progressive Corporation reported significant growth in key financial metrics for May 2025, including a 353% increase in net income compared to May 2024 [1] - The company experienced an 11% rise in net premiums written and a 15% increase in net premiums earned year-over-year [1] - The combined ratio improved by 13.5 percentage points, indicating better underwriting performance [1] Financial Performance - Net premiums written reached $6,634 million in May 2025, up from $5,975 million in May 2024, reflecting an 11% increase [1] - Net premiums earned were $6,715 million, compared to $5,857 million in the previous year, marking a 15% growth [1] - Net income surged to $1,065 million, a significant increase from $235 million in May 2024, representing a 353% rise [1] - Earnings per share available to common shareholders increased to $1.81 from $0.40, a 352% increase [1] - Total pretax net realized gains on securities were $211 million, up from $118 million, a 79% increase [1] - The combined ratio improved to 86.9 from 100.4, a decrease of 13.5 percentage points, indicating enhanced operational efficiency [1] Policy Growth - The total number of policies in force increased to 37,002 thousand, up from 31,919 thousand, reflecting a 16% growth [1] - Personal lines policies rose to 35,818 thousand, compared to 30,805 thousand in the previous year, a 16% increase [1] - Specific growth in personal lines included a 17% increase in agency auto policies and a 22% increase in direct auto policies [1]

Hippo (HIPO) 2025 Investor Day June 12, 2025 09:00 AM ET Speaker0 Good morning, everybody. Welcome to Hippo's twenty twenty five Investor Day. We're so happy to have all of you in the room as well as those watching on the webcast. I'm Andrea Collins, chief marketing officer here at Hippo, and this is the only time you'll see anybody reading from an iPad today, but we have to keep the lawyers happy. So I'm excited to hear from our outstanding leadership today and share with you all our plans for long term pr ...

BOSTON, June 09, 2025 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced HDFC ERGO General Insurance Company Limited (HDFC ERGO), India’s leading private sector general insurer, as a 2025 Standard of Excellence Customer Award winner at Formation ’25, its flagship customer conference held in Orlando, Florida. A digital-first company, transforming into an AI-first company, HDFC ERGO is ...

Company Overview - SelectQuote is a direct-to-consumer insurance platform that offers health, life, auto, and home insurance policies, as well as medication management services through its SelectRx pharmacy division [3] Allegations and Legal Issues - The Department of Justice filed a False Claims Act complaint against SelectQuote on May 1, 2025, alleging the company received millions of dollars in kickbacks from Humana in exchange for specific Medicare Advantage plan enrollments [4] - The complaint claims SelectQuote maintained a sales division that exclusively offered Humana policies and directed a significant portion of its business to Humana [4] Market Reaction - Following the filing of the complaint, SelectQuote's stock price fell by $0.61 per share, or 19.2%, closing at $2.56 per share on May 1, 2025 [5]

Core Insights - Allstate is committed to youth empowerment by supporting initiatives that create safer spaces and opportunities for young athletes to thrive [2] - The partnership between Allstate and Tyler Adams aims to provide mini-pitches in underserved communities, enhancing accessibility to soccer [4][5] - The U.S. Soccer Foundation focuses on sports-based youth development in under-resourced areas, providing innovative play spaces and soccer programs [6] Group 1: Event and Community Impact - More than 75 children participated in a youth clinic led by Black Star, emphasizing the importance of community engagement in soccer [1] - The Philadelphia-area mini-pitch is the second installation in a three-year partnership, with the first unveiled in 2024 at Fisher Academy in Detroit [2] - The event included a block party with local food trucks, DJ, and inflatable soccer games, fostering community connection [2] Group 2: Organizational Roles and Goals - Black Star is focused on accelerating the growth and visibility of Black soccer players, coaches, and fans, and played a key role in the event [4][7] - The U.S. Soccer Foundation aims to change lives through soccer by providing access to play spaces and programs that foster youth development [6] - Allstate's partnership with Tyler Adams is seen as a step towards making soccer more accessible and inclusive for all youth [5]

MAYFIELD VILLAGE, OHIO, May 21, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2025: April(millions, except per share amounts and ratios; unaudited)2025 2024 ChangeNet premiums written$6,837 $6,178 11 %<td style="border ...