- At the time of writing, the estimated costs of the wildfires in the Los Angeles/Southern California area (“LA Wildfires”) are approximately $52 billion – $57 billion. As outlined in the first chart, this event will rank among one of the top 10 costliest natural disasters in the U.S.
- The following chart lists U.S. wildfires by cost. The costs of the LA Wildfires are projected to exceed the Western Wildfires in 2017, 2018, 2020 and 2021.
- As losses mount due to the destruction caused by the wildfires in California, we next examine the stock performance (expressed as a 1-year percentage change) of large insurance companies with exposure to Homeowners’ insurance businesses.
- The next chart illustrates the stock performance (expressed as a 1-year percentage change) of insurance companies with exposure to Commercial Property Businesses.
- The next chart illustrates the stock performance (expressed as a 1-year percentage change) for Reinsurers with the most exposure.
- The stock performance (expressed as a 1-year percentage change) of the top 10 largest companies (according to market cap) headquartered in California is highlighted in the chart below.
- Apple is the largest company with a market cap of $3.665 trillion, followed by NVIDIA with a market cap of $3.43 trillion and Alphabet with a market cap of $2.369 trillion.
- The final chart outlines the costliest natural catastrophes in the U.S. in 2024. Hurricane Milton was the most destructive with a price tag of $25 billion.
Stock Performance of Insurance Companies and Resinsurers
Top 10 Largest Companies Headquartered in California
The Costliest Natural Catastrophes in 2024
