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Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024
Feb 4 2025 // The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter 2024. This was 11% less than a year...
WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5%
Feb 4 2025 // WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million in the same period in 2023. However, the broker saw a net loss for the year of $88 million, compared with net...
The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves
Feb 3 2025 // Net income at The Hartford increased 11% to $848 million in the fourth quarter 2024, driven by premium growth in commercial and personal lines. Net income attributable to shareholders went up 24% for the year to $3.1...
Florida-Based Brown & Brown Reports Stronger Profits for 2024
Jan 30 2025 // DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down from 2023’s Q4 results, but year-end results for 2024 were well above 2023’s...
Net Income at Selective Å˽ðÁ«´«Ã½Ó³» Drops on Unfavorable Casualty Reserve Development
Jan 30 2025 // Selective Å˽ðÁ«´«Ã½Ó³» Group reported a 24% drop in fourth quarter 2024 net income as its chief executive admitted the year did “not meet expectations.” Fourth quarter net income was $93.2 million compared to...
Progressive Net Income More Than Doubles in 2024
Jan 29 2025 // Progressive Corp. said its fourth quarter 2024 income increased 19% to about $2.4 billion compared to the same period the prior year. The Mayfield Village, Ohio-based insurer, in reporting financial results for December...
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