The U.S. property/casualty (P/C) industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period, according to a new AM Best report.
This financial review is detailed in a new Best’s Special Report, titled, First Look: Six-Month 2021 Property/Casualty Financial Results, and the data is derived from companies’ six-month 2021 interim statutory statements that were received as of Aug. 18, 2021, representing an estimated 97% of the total P/C industry’s net premiums written. The report states that a 5.4% growth in net earned premiums and 55.3% decline in policyholder
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