Net premiums written reported here are based on NAIC statutory P&C statement filings filed by U.S. individual insurance companies. (Illustration: National Underwriter Property & Casualty magazine)
National Underwriter's Top 100 and Heads of the Lines lists, the data for which is supplied by S&P Global Market Intelligence, provides a look at the P&C industry's leading performers — and hardest-hit players — in a world plagued by a record number of natural catastrophes.
In order to put the numbers presented here in the appropriate context, it's helpful to consider how much combined ratio suffered between 2016 and 2017 in several key lines. Combined ratio in Homeowners, alone, stood at 93 in 2016 and rose to 107 in 2017. Even worse, combined ratio in Allied lines ballooned to 124 in 2017 from 90 a year prior, according to Steven Weisbart, senior vice president and chief economist for the Insurance Information Institute.
Commercial multi-peril rose from 101 to 108 (with the majority of claims seen in property and business interruption), while Personal Auto moved downward from 106 to 102.5 (better, certainly, but still not below 100). Commercial Auto, however, rose from 113.1 to 13.3, which is to say it was bad to start with and then managed to get even more unprofitable.
Basically, nearly every major line of business went south in terms of the dollars paid out versus dollars taken in, said Weisbart. One of the only bright spots was Workers' Compensation, which went down from 95 to 92. "Workers' Comp was profitable in 2016 and even more profitable in 2017 as a line, which kept things from getting even worse [overall]," he added.
Net premiums written reported here are based on NAIC statutory P&C statement filings filed by U.S. individual insurance companies; in some isolated cases that may include business written outside of the U.S., if reported on those annual NAIC statements.
The numbers found here for Everest Re Group, for example — impacted as they were by nat-cat losses exceeding $135 billion industrywide — represent net U.S. premiums only: According to a spokesperson, Everest Re Group's global 2017 NWP was $6.2 Billion ($6,244,661) which grew 18.47% from 2016 ($5,270,905).
Likewise, FM Global's global results reflect a combined ratio of 129.9, which included a planned $415.2 million membership credit provided to policyholders.
What follows are the top 100 groups for 2017, ranked by net premiums written.
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