Branch Insurance Exchange Reports Q2 2025 Results

This article was originally written by Avi Ben-Hutta and published on coverager.com.

Columbus, OH, August 18, 2025 — Branch Insurance Exchange, the reciprocal managed by insurance startup Branch, has released its Q2 2025 results, ending the first half of the year with $39 million in written premiums, a slight decrease compared to the same period last year.

The reciprocal reported a net underwriting loss of $14 million for the first six months, a significant improvement compared to the $44 million loss in the same period last year.

Branch said in the filing that during 2024 and into 2025, the company improved operational performance and significantly reduced exposure to catastrophe losses. The improvement in financial condition is attributed to several corrective actions, including rate increases, higher policyholder surplus contributions, and revised underwriting guidelines, which collectively led to favorable loss ratio trends for the current accident year.

The company also shared that it aligned its operating expenses with its business volume through workforce reductions and other cost-saving initiatives. These measures have strengthened the company’s financial position, enabled more favorable reinsurance renewal terms with enhanced pricing and surplus protection, and allowed it to “resume actively writing new business.”