Daily Brief
6 verified stories from global sources
Root reported third-quarter 2026 net income of $14.4 million against a $5.4 million loss a year earlier, with a gross combined ratio of 96.8%, while gross written premium fell 8% to $357.5 million as the insurer held back on direct auto growth.
Oscar Health reported third-quarter 2026 net income of $167.3 million on revenue of $5.14 billion, with a medical loss ratio of 84.0%, and raised its full-year earnings from operations outlook to $850 million to $950 million, helped by a $250 million risk adjustment benefit.
Mercury General reported a third-quarter 2026 net loss of $13.7 million, driven by $261.9 million of pre-tax realized investment losses, while operating income was $193.3 million and the combined ratio was 90.2%, with nine-month net income up 30% to $440.2 million.
Palomar Holdings reported third-quarter 2026 gross written premiums of $767.0 million, up 28.4%, net income of $65.3 million and a combined ratio of 80.8%, and lifted its 2026 adjusted net income guidance to $280 million to $285 million.
Definity Financial reported a third-quarter 2026 net loss of $32.4 million after $190.0 million of catastrophe losses lifted its combined ratio to 100.6%, while gross written premiums rose 36.2% to $1.67 billion following the $3.3 billion acquisition of Travelers' Canadian operations.
Axis Max Life reported first-half FY27 value of new business of Rs 1,180 crore, up 21%, with a VNB margin of 25.4%, up 210 basis points, while its parent Max Financial Services reported profit after tax of Rs 219 crore, up 137%.