The U.S. property/casualty (P/C) industry recorded a $3.8 billion net underwriting gain in the first half of 2024, a significant improvement from the $24.0 billion loss recorded in the same prior-year period, according to a new AM Best report.
These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: Six-Month 2024 US Property/Casualty Financial Results,” and the data is derived from companies whose six-month 2024 interim period statutory statements were received as of Sept. 4, 2024, accounting for an estimated 99% of total industry net premiums written.
According to the report, the P/C industry’s combined ratio
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.