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You are here: Home / News / Property & Casualty Insurers’ Q1 Net Income Grows as Profitability Ratios Worsen

Property & Casualty Insurers’ Q1 Net Income Grows as Profitability Ratios Worsen

July 26, 2021 By CollisionWeek Editor

U.S. industry notches strong first quarter, but catastrophes hamper underwriting performance, according to Verisk and APCIA

Private property/casualty insurers in the United States saw their net income after taxes increase in the first quarter of 2021 from a year earlier, while their combined ratio – a key measure of underwriting profitability – worsened, according to a new report from Verisk (NASDAQ:VRSK), the global data analytics provider, and the American Property Casualty Insurance Association (APCIA).

Q1 2021 P/C Profitabililty

Insurers’ net income after taxes increased to $20 billion in the first quarter of 2021, from $17.9 billion in the first quarter of 2020. Growth was

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

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