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The U.S. property and casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019. (ALM Archives) The U.S. property and casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019. (ALM Archives)

Preliminary first-half 2019 data indicates the U.S. property and casualty industry’s net underwriting income declined by 9.6% to $4.8 billion, compared with $5.3 billion in 2018 for the same period, according to A.M. Best’s report “First Look: Six-Month 2019 Property/Casualty Financial Results.”

In addition, the first two quarters of 2019 posted a combined ratio of 97.4, signaling the industry weakened by one percentage point from 2018.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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