After a Rough 2011 for P&C, KBW Reports a Positive Kickoff to 2012

The U.S. P&C industry in 2011 posted its worst combined ratio 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 Q1 2012.

In 2011, the industry’s net income was $19.15 billion, compared to $35.2 billion in 2010, according to an analysis by ISO, the Property Casualty Insurers Association of America (PCI) and the Insurance Information Institute (I.I.I.).