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You are here: Home / News / Property/Casualty Insurers Report Solid Results in 2019

Property/Casualty Insurers Report Solid Results in 2019

May 7, 2020 By CollisionWeek Editor

Industry expected to face challenges this year due to COVID-19.

The private U.S. property/casualty insurance industry had solid results in 2019, with increases in net income, underwriting gains, and policyholders’ surplus, but faces considerable challenges in 2020 as the effects of the COVID-19 pandemic unfold, according to Verisk (NASDAQ:VRSK), a data analytics provider, and the American Property Casualty Insurance Association (APCIA).

Net Income After Taxes

Net income after taxes rose to $61.4 billion in 2019 from $59.6 billion in 2018. Net underwriting gains increased to $3.7 billion, after $0.2 billion of net underwriting losses a year earlier, due in part to high catastrophe losses

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Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

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