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You are here: Home / News / U.S. Property/Casualty Insurance Industry Sees Slight Decline in Net Income During First Half of 2019

U.S. Property/Casualty Insurance Industry Sees Slight Decline in Net Income During First Half of 2019

October 15, 2019 By CollisionWeek Editor

Surplus sets new record as stock market recovers from downturn.

Private U.S. property/casualty insurers’ net income after taxes and underwriting gains remained strong despite small declines compared with the prior year, according to Verisk (NASDAQ:VRSK) and the American Property Casualty Insurance Association (APCIA). Net income after taxes declined to $32.8 billion for the first half of 2019 from $34.0 billion a year earlier, and net underwriting gains declined to $5.4 billion from $6.0 billion in first-half 2018.

Property Casualty Insurance Net Income First Half 2019

The industry’s surplus reached a new record of $802.2 billion in the first half of 2019, pushed up by insurers’ income and unrealized

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Filed Under: News Tagged With: American Property Casualty Insurance Association, Combined Ratio, Earnings, Property Casualty Insurance, Verisk

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