Some web research:

Car insurance premiums grew 3.8% to 5.4% annually over 30 years, compared to 2.4% average inflation rate. Why?

Complex technology and labor required to fix cars.

Costly claims for rising medical bills, increased litigation, severe climate weather damage, and distracted driving accidents from smartphones

The last 3 years, profit is way up from excess cash after post-pandemic rate increases. Before that, profit wasn't great.