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You are here: Home / News / Property/Casualty Insurance Industry Net Income Declines 15.8 Percent in 2017

Property/Casualty Insurance Industry Net Income Declines 15.8 Percent in 2017

May 17, 2018 By CollisionWeek Editor

Hurricanes and wildfires drive underwriting losses. Net income showed improvement in fourth quarter

Private U.S. property/casualty insurers saw investment gains push the industry’s surplus to a new all-time-high value of $752.5 billion in 2017, a $51.7 billion increase from 2016, and catastrophe losses suppressed the industry’s net income after taxes to $36.1 billion in 2017, a 15.8 percent decline from a year earlier, according to ISO, a Verisk (NASDAQ:VRSK) business, and the Property Casualty Insurers Association of America (PCI).

PCI Net Income after Taxes

The industry’s net investment income increased to $49.0 billion in 2017 from $46.6 billion a year earlier, and net written premium

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

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