Industrial companies such as Boeing and retailers including Costco Wholesale Corporation — even insurers such as Allstate Corporation — could win big if energy prices start to ease, according to JPMorgan. West Texas Intermediate futures fell more than 7% Monday after President Donald Trump said the U.S. and Iran had “productive” talks on the war …
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway reported a big decline in its operating earnings for the fourth quarter, due in large part to weakness in the conglomerate’s insurance business. Earnings from operations totaled $10.2 billion …
State Farm on Thursday announced a historic $5 billion dividend for its car insurance members, the largest in the mutual insurance company’s 103-year history. “This dividend is possible due to State Farm Mutual’s financial strength and a stronger than expected underwriting performance, which has been reported industry wide,” the company said in a statement. Customers …
Artificial intelligence could shake up car insurance stocks as autonomous vehicles become more ubiquitous. That’s bad news for Progressive and Allstate , according to BMO Capital Markets. In a Thursday note, analyst Michael Zaremski said that the total addressable market for personal auto insurance could peak at about $560 billion around the year 2040. From …