1Q26 Favorable Development UNCH, but…(May ’26)

In an Assured Comment released in later May, Assured Research observed that industrywide favorable prior period development (PPD) was only a bit more favorable than during 1Q25 ($10.4 Bil. vs $9.8 Bil.). The real story came from Assured’s analysis of 10 leading auto writers where the 1Q26 accident year reported loss ratio (paid + case, no IBNR) wasn’t just good, it was great. More observations with relevance for the auto pricing environment in this 1-page note. Contact us.