Fourth Quarter 2025 Average Price Change for Primary Policies with Same Limit and Same Deductible was down 1.9 percent compared to the Fourth Quarter 2024
Median Price Change for Primary Policies with Same Limit and Same Deductible was zero compared to the prior-year quarter
Average Price Per Million increased 0.8 Percent in the Fourth Quarter 2025 compared to the Fourth Quarter 2024
Q4 2025 represents the first quarter since Q1 2022 that the Average Price Per Million increased
Fourth Quarter Key Metrics and Highlights
- Average price change for primary policies renewing with same limit and deductible was down 1.9 percent compared to the prior-year quarter.
- The Median and Mode price change for primary policies renewing with same limit and deductible was zero compared to the prior-year quarter.
- Average price per million increased 0.8 percent compared to the prior-year quarter.
- Q4 2025 represents the first quarter since Q1 2022 that the Average Price Per Million increased.
- 43 percent of primary policies renewing with the same limit and deductible experienced a price decrease; 38 percent renewed “flat” and 19 percent had a price increase.
- 98 percent of primary policies renewed with the same limit.
- 92 percent of primary policies renewed with the same deductible.
- 91 percent of primary policies renewed with the same limit and deductible.
- 98 percent of primary policies renewed with the same carrier.
On February 2, 2026, Aon Commercial Risk Solutions (U.S.) reported public company Directors’ & Officers’ (“D&O”) liability pricing for the three months ended December 31, 2025.
Each quarter, Aon’s Financial Services Group (“FSG”) publishes a pricing index of public company D&O insurance that tracks premium changes relative to the base year of 2001.
The Pricing Index increased to 1.27 from 1.26 in the prior-year quarter, which represents the first quarterly increase since Q1 2022. The average cost of $1 million in limits increased 0.8 percent compared to the prior-year quarter.
The FSG D&O Pricing Index for Q4 2025 is available here.
About Aon
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