Global P&C Insurers Hit 16.8% ROE in 2025 as Premium Growth Slows to 5.2%

1 articles · Updated · aon.mediaroom.com · Aug 21

Aon’s review of 120 global property and casualty insurers found return on average equity reached 16.8% in 2025, the highest level since it began tracking the group in 2009.
Stronger underwriting income, favorable market conditions and a relatively benign catastrophe year drove the gain, while the combined operating ratio improved to a decade-low 91.1%.
Signs of a more uneven market are emerging: the share of carriers lifting ROE year on year fell to 60% from 74%, and premium growth slowed for a fourth straight year to 5.2%.
Aon said insurers now need more targeted choices on growth, capital deployment, technology and AI as performance gaps widen across property-casualty, reinsurance, diversified and specialist players.