National Underwriter's Top 100 and Heads of the Lineslists — the data for which is provided by S&P Global MarketIntelligence — today offer a look at the best and worst combinedratios among P&C groups in 2016.
|Genworth Financial Inc. improved its CR by 13.37 points to topthe list of Best Combined Ratios with an impressiveindustry-leading 48.13. Likewise, FM Global improved its CR to83.57, a decrease of nearly three points from 2015.
|While AIG remains ensconced in the top 10Groups, its combined ratio in 2016 was one of the highest in theindustry, at 131.33. The carrier says that combined ratio figure“reflects prior year development, widely reported at this point,which we have addressed through our adverse development cover withBerkshire for accident year 2015 and prior, and by setting moreconservative loss picks for AY 2016 and 2017, to further protectagainst future prior year development,” according to a spokesman.“It is important to note that improvements in business mix and theincreased use of underwriting tools and analytics led to a 4.1improvement in our adjusted AY loss ratio in financial year 2016 to66.7 from 70.8 in financial year 2015, after adjusting the prioryear for the increase in loss picks.”
|The S&P Global Market Intelligence data throughout thisfeature is derived from all U.S. companies that file with theNational Associationof Insurance Commissioners (NAIC).
Combined RatiosCreate line charts
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