Industry surplus grew 7.6% in 2020, according to AM Best, which noted net income combined with capital, as well as the net change in unrealized gains, offset the $46.9 billion in dividends paid to stockholders this past year. (Credit: suphakit73/Shutterstock.com) Industry surplus grew 7.6% in 2020, according to AM Best, which noted net income combined with capital, as well as the net change in unrealized gains, offset the $46.9 billion in dividends paid to stockholders this past year. (Credit: suphakit73/Shutterstock.com)

Despite the tumultuous past year, the property & casualty insurance industry saw its overall profitability improve, according to AM Best, which noted a 68% increase in net underwriting income.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Commercial Lines
Personal Lines