The U.S. property and casualty insurance industry’s net income after taxes rose 29.1 percent to a record $30.9 billion in the first half of 2005, from $23.9 billion in first-half 2004, according to Insurance Services Office and the Property Casualty Insurers Association of America. At the same time, the insurers consolidated surplus, or statutory net worth, increased 4.7 percent to $412.5 billion by June 30, from $393.8 billion at the end of 2004.

“Insurers’ underwriting results for first-half 2005 were truly remarkable,” said John J. Kollar, ISO vice president for consulting and research. “At 92.7 percent, the combined ratio for first-half 2005 was the best first-half combined ratio since the start of quarterly records extending back to 1986.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


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

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.