While private U.S. property and casualty insurers' 2010 net income rose to $34.7 billion from $28.7 billion the year before, the industry's net losses on underwriting for the year grew $7.4 billion compared to 2009.
An analysis by ISO and the Property Casualty Insurers Association of America (PCI) shows that 2010 policyholders' surplus rose 8.9 percent to $556.9 billion. Insurers' rate of return on average policyholders' surplus increased to 6.5 percent compared to 5.9 percent in 2009.
Excluding the downward pressure from mortgage and financial-guaranty insurers, the rate of return is 7.5 percent, up from 7.4 percent in 2009.
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