The U.S. P&C industry in 2011 posted its worst combinedratio since 2001—and net income dropped more than 45 percent,according to a joint analysis conducted by three industry groups.But a separate report points to more profitable results in Q12012.
In 2011, the industry's netincome was $19.15 billion, compared to $35.2 billion in 2010,according to an analysis by ISO, the Property Casualty InsurersAssociation of America (PCI) and the Insurance InformationInstitute (I.I.I.).
Net-underwriting losses more than tripled to $36.5 billion from$10.5 billion, driving a 108.2 combined ratio.
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