Insurers earn record sums in disaster-free third quarter

By Saqib Rahim | 11/21/2025 06:22 AM EST

“Good fortune” with a lack of catastrophes helps seven major insurers earn more than $1 billion in underwriting, new analysis finds.

Since the Los Angeles wildfires in January, property insurers have benefited from no major disasters.

Since the Los Angeles wildfires in January, insurers have benefited from no major disasters. A new report says seven property insurers earned more than $1 billion in underwriting during the third quarter of 2025. AP/Jae C. Hong

An unusually quiet hurricane season helped U.S. property insurers make record profits in the third quarter of the year, a new analysis finds.

After sustaining heavy losses from the Los Angeles-area wildfires in January, insurers coasted through a 10-month “string of good fortune on the catastrophe front,” according to a report by S&P Global Market Intelligence.

The good fortune contributed to third-quarter financial results for the industry that may “stand for the foreseeable future as the best on record,” the analysis said.

The three-month period from July 1 through Sept. 30 overlaps with the annual Atlantic hurricane season and typically generates the insurance industry’s greatest catastrophe losses.

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