The nine months of 2022 saw P&C industry net earnings fall 19% compared with the same period the year prior, according to Fitch Ratings, which noted higher investment income was weighed down by bigger underwriting losses and The nine months of 2022 saw P&C industry net earnings fall 19% compared with the same period the year prior, according to Fitch Ratings, which noted higher investment income was weighed down by bigger underwriting losses and "reduced realized investment gains." (Credit: zatevakhin/ Adobe Stock)

In 2023, pricing increases in personal and commercial lines, higher investment yields and a return to catastrophe-loss levels more in line with historical averages should lead to "stabilizing to modestly better" operating performance for U.S. property & casualty insurers, Fitch Ratings reported.

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Steve Hallo

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

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