In National Underwriter Property & Casualty's July print edition, we present our annual list of the Top 100 Groups and Top 100 Companies in P&C insurance. We also examine the top 5 writers of coverage in 10 key lines of business.
Today we offer a closer look at the Top 100 Companies list, the data for which is supplied by S&P Global Market Intelligence.
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.
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.
Net premiums written reported in these pages 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.
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