Private U.S. property/casualty insurers' net income after taxesrose from $13.9 billion in the first quarter of 2014 to $18.2billion in the first quarter of 2015. Measured by their rate ofreturn on average policy holders' surplus, insurers' overallprofitability grew from 8.4% to 10.8%, according to ISO, a VeriskAnalytics business, and the Property Casualty Insurers Associationof America (PCI).
In the first quarter of 2015, insurers' combined ratio improvedto 95.7%, compared to 97.1% in first quarter of 2014, and their netunderwriting gains increased from $2.4 billion to $4.1 billion. Netwritten premium growth remained at a steady 3.7% for the firstquarters of 2014 and 2015. In the first quarter of 2015, netinvestment income rose to $11.7 billion up from the previous $11.2billion a year.
Need to focus on underwriting
Continue Reading for Free
Register and gain access to:
- 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
© 2024 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.