Assurant Jumps 12% After Q1 Beat; Old Republic Falls 9% on Miss as P&C Insurers Report Mixed Results

Property and casualty insurers posted divergent first-quarter results as earnings season wrapped up in late May. Assurant (NYSE:AIZ) led gainers, its shares climbing 12.3% after reporting revenues of $3.42 billion, surpassing analyst estimates by 3.8%. In contrast, Old Republic International (NYSE:ORI) declined 9.4% following a miss on both revenue and earnings per share. The 32 P&C insurers tracked collectively exceeded revenue forecasts by 2.2%, but share prices fell an average 2.3% since reporting. Mercury General (NYSE:MCY) beat expectations and traded sideways, while Fidelity National Financial (NYSE:FNF) delivered the weakest performance against estimates and fell 7.3%. American Financial Group (NYSE:AFG) also missed, though its stock edged up 2%. The mixed outcomes highlight ongoing cyclical headwinds in the industry.