In a front page article published on January 23, 2026, the Wall Street Journal reports that auto and home owners insurance companies are making near record profits as customers struggle to pay premiums. These near-record profits are fueling customer anger in every state in the country.
Property and casualty lines insurance, which includes home and auto insurance, racked up last year’s highest underwriting profit in over 20 years – according to S&P Global Market intelligence forecast. Travelers Insurance Company, by way of example, reported a 26% increase in net income in 2025 – of $6.3 billion, up from $5 billion in profit in 2024.
The insurance industry’s financial well being is exactly the opposite of what its customers are experiencing. Rates on homeowners insurance policies continue a “relentless” increase – over 6% nationwide.
Insurers complain about profit curbing regulation. But with numbers like this – what else can be done to protect consumers?
About the Author
Neil T. O’Donnell is a founding partner of O’Donnell Law Offices and has spent decades advocating for individuals and families across Northeastern Pennsylvania. His practice focuses on protecting consumers, holding powerful interests accountable, and ensuring fairness in the civil justice system. Neil is widely respected for his trial experience, leadership in the legal community, and commitment to public service.