P&C Insurers' $69 Billion Net Income Boosts Policyholder Dividends and Premium Reductions

State Farm declared a one-time $5 billion cashback dividend to auto policyholders. Allstate reduced premiums for 7.8 million auto and homeowners insurance customers by an average of 17%. These actions follow a group of 20 U.S. property and casualty insurers generating $69 billion in net income last year, an increase of $15.6 billion from 2024. The group's net premiums written increased by more than 5% to $411.6 billion in 2025, driven by premium increases and higher policy counts for some personal lines insurers.