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You are here: Home / News / Property/Casualty Insurers Report $13.3B in Net Income after Taxes in First-Quarter 2016

Property/Casualty Insurers Report $13.3B in Net Income after Taxes in First-Quarter 2016

July 15, 2016 By CollisionWeek Editor

Increases in catastrophe losses, higher combined ratios and declining investment income caused a 26.6 percent decline in net income from 2015.

Private U.S. property/casualty insurers saw their net income after taxes fall to $13.3 billion in first-quarter 2016 from $18.1 billion in first-quarter 2015, a 26.6 percent decline, and their annualized quarterly yield on investments drop to 2.9 percent, the lowest this century, from 3.1 percent a year earlier, according to ISO, a Verisk Analytics (NASDAQ:VRSK) business, and the Property Casualty Insurers Association of America (PCI).

Private property casualty insurers net income after taxes declined 26 percent to $13.3 billion in the first quarter of 2016.

Private property casualty insurers net income after taxes declined 26 percent to $13.3 billion

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Filed Under: News Tagged With: Earnings, ISO, Profitability, Property Casualty Insurance, Property Casualty Insurers Association of America

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