U.S. property and casualty reserve releases have held steady over the past five years, but the composition of reserve development has shifted since 2008, with personal-lines releases increasing while commercial-lines releases have retreated, according to Moody's.
In a Special Comment, “U.S. P&C Insurers' Reserve Releases to Continue, but Remain Modest,” Moody's notes that commercial-lines reserve releases, excluding AIG, totaled $6 billion in 2008, more than any other sector. In 2012, commercial lines accounted for just over $1 billion, the lowest among the five sectors measured.
Personal lines, by contrast, accounted for just under $1.5 billion in 2008—second-lowest among the five sectors—but grew to just under $4.5 billion by 2012—the most among the five sectors.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
