Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The U.S. property/casualty industry posted a $24.4 billion net gain on underwriting through nine months as a result of the decline in catastrophe losses in 2006. The figure stands in stark contrast to the $2.5 billion net loss on underwriting through nine-months 2005.

The industry’s positive underwriting results contributed to an increase in net income after taxes to $44.9 billion in nine-months 2006 from $29.7 billion in nine-months 2005. According to ISO and the Property Casualty Insurers Association of America, the industry’s annualized rate of return on average policyholders’ net worth rose to 13.4 percent in nine-months 2006 from 9.8 percent in nine-months 2005. The figures are consolidated estimates for all private property/casualty insurers based on reports accounting for at least 96 percent of all business written by private U.S. property/casualty insurers.

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.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

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

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.