Net written premiums down for first time since Great Recession.
Private U.S. property/casualty insurers’ profitability as measured by their annualized rate of return on average policyholders’ surplus increased to 9.4 percent, the best first-quarter result since 10.8 percent in 2015, according to Verisk (NASDAQ:VRSK), the data analytics provider, and the American Property Casualty Insurance Association (APCIA). The industry’s surplus grew a record $37.4 billion in the first quarter of 2019, while net written premiums dropped for the first time since the Great Recession.
The surplus increased to $779.5 billion as of March 31, 2019, from $742.2 billion as of December
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