Best’s Market Segment Report: Rated US Property/Casualty Mutual Insurers Resilient Despite Competitive Pressures; Net Income Doubled in 2025

OLDWICK, N.J.–(BUSINESS WIRE)– #insurance–AM Best-rated U.S. property/casualty mutual insurance organizations marked one of the more successful years in recent history for the segment, with net income doubling year over year to $42.6 billion, as efforts to combat post-pandemic inflation and a volatile operating market came to fruition. According to the new Best’s Market Segment Report, “Mutual Insurers Resilient Despite Competitive Pressures,” the jump in net income was driven by an underwriting gain of

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