Under which president did the insurance industry perform best? We bet the answer surprises you. What about worst? Does a president's political party matter when it comes to the industry's profitability?
The United States President's political party "has marginal bearing on the profitability of the P&C insurance industry," says Robert Hartwig, president of the Insurance Information Institute.
Speaking at the Annual Executive Conference in New York City early this month, Hartwig presented information on how the P&C industry performed under each president since 1950, based on P&C return on equity (ROE).
According to the chart, the average P&C ROE under Democrat presidents is 7.67 percent, while the average ROE under republican presidents is 7.97 percent—a "marginal" difference.
Click "next" to see under which presidential administration the P&C industry performed best and worst under.
Note: The Truman administration ROE is based on three years only, 1950-52.
16. Kennedy/Johnson (D)
1960-64
ROE: 3.55%
15. Johnson (D)
1962-68
ROE: 4.43%
14. George W. Bush (first term) (R)
2000-04
ROE: 4.83%
13. Eisenhower (second term) (R)
1956-60
ROE: 5.03%
12. Eisenhower (first term) (R)
1952-56
ROE: 5.43%
11. Obama (first term) (D)
2008-12
ROE: 6.65%
10. Truman (D)
1950-52
ROE: 6.97%
9. Nixon/Ford (R)
1972-76
ROE: 6.98%
8. Reagan (first term) (R)
1980-84
ROE: 7.68%
7. Clinton (second term) (D)
1996-2000
ROE: 7.98%
6. George H.W. Bush (R)
1988-92
ROE: 8.35%
5. Clinton (first term)(D)
1992-96
ROE: 8.65%
4. Nixon (first term) (R)
1968-72
ROE: 8.93%
3. George W. Bush (second term) (R)
2004-08
ROE: 9.40%
2. Reagan (second term) (R)
1984-88
ROE: 15.10%
1. Carter (D)
1976-80
ROE: 16.43%
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