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You are here: Home / News / U.S. Property/Casualty Insurers Preliminary Nine-Month 2019 Results Show 13% Underwriting Income Increase

U.S. Property/Casualty Insurers Preliminary Nine-Month 2019 Results Show 13% Underwriting Income Increase

November 25, 2019 By CollisionWeek Editor

A.M Best reports the U.S. property/casualty (P/C) industry’s net underwriting income improved in the first nine months of 2019 by 13% compared with the same prior-year period to $4.5 billion, as growth in net earned premiums offset year-over-year increases in incurred losses and loss adjustment expenses, underwriting expenses and policyholder dividends. This financial review is detailed in a new Best’s Special Report, First Look: 9-Month 2019 Property/Casualty Financial Results. The data is derived from companies’ nine-month 2019 interim statutory statements received as of Nov. 19, 2019, representing an estimated 97% of the total P/C industry’s net premiums written.

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Filed Under: News Tagged With: A.M. Best, Earnings, Property Casualty Insurance

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