P&C Insurers Forecast Profitable Growth With AI

P&C insurers anticipate profitable growth in 2026, with Fitch projecting a combined ratio of 96–97 percent and homeowners markets expected to stabilize. Carriers including Travelers, Nationwide, GEICO, and Chubb are accelerating multi-year AI investments across pre-binding workflows, underwriting, and claims/FNOL, while 2025 catastrophe losses—$40 billion Palisades wildfires and $107 billion globally—underscore climate and consolidation pressures.