In a year when the United States was hit by 23 separate billion-dollar weather disasters, the third-highest count since records began in 1980, and $115 billion in damage, US property insurers had the most profitable year they have ever had, and the largest home insurers closed 44% of their claims without paying anything.

The weather: 23 billion-dollar weather and climate disasters in 2025, about $115 billion in direct costs, behind only 2023 and 2024 on count. (Climate Central, 2026-03-09)

The insured losses: $100 billion in US insured catastrophe losses, 12% above the ten-year average, and 78% of the entire global insured catastrophe bill. (Gallagher Re, 2026-01-21)

The claims: 44% of home insurance claims closed last year at the companies the Wall Street Journal analyzed paid nothing, up from 36% a decade ago. Senators Warren and Hawley wrote to six insurers on 2 October with answers due 16 October. (Senate letters, 2026-10-02)

The year they had: $136 billion, a record for US property and casualty insurers, earnings up 45%, their best underwriting result since 2006. (Fitch Ratings via Reinsurance News, 2026-04-20)

The two totals above are not subtractable: the $115 billion counts direct damage from billion-dollar events only, while the $100 billion counts insured losses across all catastrophes including smaller ones.