CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Property/Casualty Insurance Industry’s Net Income Drops to $15.5 Billion in First-Half 2017

Property/Casualty Insurance Industry’s Net Income Drops to $15.5 Billion in First-Half 2017

October 6, 2017 By CollisionWeek Editor

Decline of over 29 percent in net income compared to 2016

The private U.S. property/casualty insurance industry saw its net income after taxes drop to $15.5 billion in first-half 2017 from $21.8 billion in first-half 2016—a 29.2 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall to 4.4 percent from 6.4 percent, according to ISO, a Verisk (NASDAQ:VRSK) business, and the Property Casualty Insurers Association of America (PCI).

The industry experienced $17.1 billion in direct catastrophe losses—$3.2 billion above the direct catastrophe losses for first-half 2016. Insurers’ combined ratio deteriorated to

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Earnings, Property Casualty Insurance

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Certification Collision Repair Education Foundation Copart Coronavirus Diagnostics Donations Earnings Florida General Motors I-CAR Insurance Auto Auctions Lawsuits legislation Mitchell International National Auto Body Council Network Affiliations New Jersey Non-OEM Parts Openings People PPG Industries Regulations Service King Collision Repair Centers Texas United Kingdom Women's Industry Network Workforce Development

Recent Articles

  • U.S. Auto Body Repair Prices Up Nearly 15% in July Compared to Last Year August 12, 2022
  • Auto Glass Now Adds Two New Locations in California August 12, 2022
  • ASA August 17 Webinar to Feature I-CAR Best Practices on Electric Vehicle Technology August 12, 2022
  • AAA Says Annual Cost of New Car Ownership Crosses $10K Mark August 12, 2022
  • Collision Repair Education Foundation Announces Fall High School & College Career Fair Schedule August 11, 2022
  • Wholesale Used-Vehicle Prices Declined Slightly in July from Seasonal Adjustment August 11, 2022
  • IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million August 11, 2022

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2021 - QuanDec Corporation - All Rights Reserved · Log in