Specialty energy insurers and industry captives have managed positive operating results over the last five years, with very strong investment income supplementing more volatile underwriting results, a new report says.
A.M. Best, in its report, "Specialty Energy Insurers Keep Pace with U.S. Customers, Competitors," measures the specialty group against its competitors in the commercial-insurance market, and concludes the specialty group's operating performance has been "favorable."
"The group's operating ratio—which is the combined ratio less the net investment income ratio—of 91.1 for 2009-2013 was worse than the [commercial] composite's 88.3, but it outpaced the composite in three of the most recent five years," A.M. Best says.
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