The Pennsylvania Insurance Department (PID) said it saved residents $227.9 million by blocking proposed property/ca
sualty insurance premium increases from taking effect in 2025.
Through the rate review process in 2025, PID reported that its review of property/casualty (P/C) rate filings saved consumers from:
$103.6 million in title insurance premium increases;
$91 million in per
sonal auto premium increases;
$16 million in homeowners/dwelling fire premium increases;
$11.2 million in personal umbrella premium increases; and
$6.1 million in other types of P/C insurance premium increases.
“Blocking unfair rate increases takes constant, detailed work, and that’s exactly what PID does,” said Pennsylvania Insura
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nce Commissioner Michael Humphreys.
Property/casualty insurance companies must file their proposed rate changes with PID before the they take effect. Insurance
companies file new or revised rate requests throughout the year. PID said it o
ften works with insurers to revise or resubmit filings, provide additional data, or lower requested increases before approval is considered.
Last January, PID reported that in 2024 it refused to approve $180.3 million in annual P/C insurance premium increase
s for personal auto, homeowners, renters and flood insurance policies.
“A 7% increase in net premiums earned was aided by muted catastrophe losses during the third quarter of 2025, resulting in
incurred losses and loss adjustment expenses (LAE) remaining relatively flat with the prior-year nine-month period,” AM Best said in its report.
AM Best estimates that catastrophe losses accounted for 8.0 points on the nine-month 2025 combined ratio, down from an estimated 8.7 points in the prior year.
Both AM Best and Fitch estimate that $18.0 billion of favorable loss reserve development factored into the 2025 industry results.
Along with tables showing loss ratio and expense ratio contributions to the combined ratio improvement (which came m
ostly from the loss ratio decline), as well as investment and other income contributors to a 6.8 percent jump in surplus and to an an ove
rall decline in net income, the AM Best report also includes a line-by-line summary of nine-month direct written premiums for
2025 and the comparable periods in 2022, 2023, and 2024.
Below, Carrier Management has excerpted some of the information from th
e direct written premium report, revealing changes in premium growth for a handful of major lines.