Aon sees global P&C insurers’ 2025 RoAE near record at 16.8%

• Aon analysis found global property and casualty insurers’ return on average equity rose to 16.8% in 2025, the highest since 2009 tracking began.
• Profitability gains were backed by stronger underwriting income, favorable market conditions, a relatively benign catastrophe year.
• Momentum softened as the share of carriers improving year-on-year fell to 60% from 74%.
• Premium growth slowed to 5.2% for a fourth straight year, below the decade average, less than half the 2021 pace.
• Combined operating ratio improved to 91.1%, the lowest of the decade, while performance dispersion widened across the sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AON plc published the original content used to generate this news brief on August 21, 2026, and is solely responsible for the information contained therein.