#premium-increases

#premium-increases

New accounts filed by Laya Healthcare Ltd show that pre-tax profits increased by 108pc from €9.13m in 2023 to €19.02m last year. This followed revenues rising by 2.5pc from €100.85m to €103.39m. Last year Laya imposed two premium price hikes on its customer base. In October 2024, it increased its premiums on average by 6.5pc, stating at the time that the price rise was needed to address the increased demand for healthcare services and rising costs.

"We do estimate as many as 400,000 of our current enrollees could be priced out of the coverage they have today,"

Where it stands: Insurers are raising the monthly premiums they charge for marketplace coverage by an average of 26% across the country, according to an analysis from KFF. Virginia's marketplace started sending renewal notices to residents outlining premium increases between 4% and 40%. Colorado announced this week that the cost of 2026 coverage sold on the state's marketplace will double compared with this year. Pennsylvania said premiums will increase an average of 21.5% next year.

Homeowner loss ratios have increased from 75% in 2021 to 85% in 2023, with forecasted elevated ratios due to anticipated hurricane activity in 2024.