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Profitability Up for P&C Insurers in Q1

Private U.S. P&C insurers net income after taxes rose from $13.9 billion in the first quarter of 2014 to $18.2 billion in Q1 2015. Measured by their rate of return on average policyholders surplus, insurers overall profitability grew from 8.4% to 10.8%, according to ISO, a Verisk Analytics business, and...

Private U.S. P&C insurers’ net income after taxes rose from $13.9 billion in the first quarter of 2014 to $18.2 billion in Q1 2015. Measured by their rate of return on average policyholders’ surplus, insurers’ overall profitability grew from 8.4% to 10.8%, according to ISO, a Verisk Analytics business, and the Property Casualty Insurers Association of America.

In the same period, insurers’ overall combined ratio improved to 95.7% in Q1 2015, compared to 97.1% in first quarter of 2014, and net underwriting gains increased from $2.4 billion to $4.1 billion.

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