Commercial Lines Thriving While Personal Lines Struggle

At mid-year, financial reporting information demonstrates commercial lines are showing strong growth and underwriting profitability while personal lines continue to struggle. Auto and Home lines are adversely impacted by frequency and severity from a number of directions with most attention focused on inflation and extreme, catastrophic weather. Meanwhile, hard market conditions in Commercial lines over the past few years have allowed rates to outrun these pressures and the opposite in personal lines.

Alan Demers