AM Best special report says P/C insurers’ underwriting loss was over $47 Billion combined in 2022-23.
Unprofitable results in the U.S. private passenger auto and homeowners/farmowners market insurance segments led to a second-straight year of net underwriting losses in the property/casualty (P/C) industry eclipsing $20 billion, according to a new AM Best report.
The 2023 financial results on each individual line of P/C business, along with corresponding analysis, are detailed in a new Best’s Special Report, titled, “2023 P/C Snapshot: Personal Auto and Homeowners Results Continue to Dampen P/C Underwriting Performance,” and the data is derived from the aggregation of
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