North American Property And Casualty Insurers Show Strength Under Dual Capital Pressure

S&P Global Ratings believes there is a high degree of unpredictability around policy implementation by the U.S. administration and responses--specifically with regard to tariffs--and the potential effect on economies, supply chains, and credit conditions around the world. As a result, our baseline forecasts carry a significant amount of uncertainty. As situations evolve, we will gauge the macro and credit materiality of potential shifts and reassess our guidance accordingly [see our research here: spglobal.com/ratings].) This report does not constitute a rating action. The capital headroom supporting the stable view on the North American property casualty (P/C) sector reached unprecedented levels in 2024, despite enduring one of the costliest hurricanes and severe convective storms in U.S. history. The P/C sector encountered more

...April 11, 2025 S&P Global Ratings believes there is a high degree of unpredictability around policy implementation by the U.S. administration and responses--specifically with regard to tariffs-- and the potential effect on economies, supply chains, and credit conditions around the world. As a result, our baseline forecasts carry a significant amount of uncertainty. As situations evolve, we will gauge the macro and credit materiality of potential shifts and reassess our guidance accordingly [see our research here: spglobal.com/ratings].) This report does not constitute a rating action....

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