A stabilizing personal auto market
The acquisition also lands at a favorable moment for personal auto insurers and agencies. After four consecutive years of rate increases between 2021 and 2024, the US personal auto line posted a net combined ratio of 95.3 in 2025, its most profitable post-pandemic result, according to the Insurance Information Institute. Average full-coverage premiums fell 6% nationally in 2025 following a 46% rise between 2022 and 2024, with policy shopping activity hitting record highs as consumers took advantage of a more competitive market. That said, the recovery has been uneven by state, with some markets, including New Jersey, still recording double-digit premium increases.