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P&C insurers tout tight combined ratios as life results stay mixed
Kemper’s quarterly numbers were overshadowed by a $460 million goodwill charge, while Oscar Health said its most profitable first half on record was driven by underwriting improvements.
Property and casualty insurers reported some of the tightest combined ratios in the quarter, while life and annuity platforms delivered mixed results, according to Insurance Business. The roundup highlighted how underwriting and reinsurance structures are shaping performance as brokers look ahead to deal timing and the second half of 2026.
HCI Group posted gross premiums earned of $321 million, up on a 6% rise in policies in force, with gross written premiums reaching $382 million for the quarter. Its gross loss and LAE ratio was 22.2%, only slightly higher than 21.3% a year earlier, and pre-tax income was $111 million, with diluted EPS of $5.60 versus $5.18 in Q2 2025. The outlet also noted that new reinsurance programs effective June 1 trimmed ceded premiums slightly to $102 million from $103 million, and Oscar Health reported its most profitable first half on record.
Other results in the roundup included Kingstone Companies, where second-quarter net income rose to $15.5 million, or $1.05 per diluted share, up 35% year over year. The company said its GAAP net combined ratio improved to 70.2% from 71.5%, supported by growth in net premiums earned to $60.5 million and reductions tied to catastrophe-related factors, while it reaffirmed full-year guidance for a net combined ratio of 81% to 86% and diluted EPS of $2.20 to $2.90.
Kemper stood out for a negative impact from accounting, as Insurance Business said a $460 million goodwill charge swamped its headline results in the quarter. The roundup also referenced HCI completing an $80 million share repurchase program on July 17.