While AM Best analysis of interim financial reports shows improvement in income, loss and loss adjustment expense increased during the quarter.
The U.S. property/casualty (P/C) industry posted net underwriting income of $4.2 billion in first-quarter 2019, according to preliminary financial results, a 24.0 percent increase from the first quarter of 2018. This financial review is detailed in a new Best’s Special Report, First Look—3 Month Property/Casualty Financial Results, and the data is derived from companies’ three-month 2019 interim statutory statements that were received as of May 17, representing an estimated 92 percent of the total property/casualty (P/C) industry’s net
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