A.M Best reports the U.S. property/casualty (P/C) industry’s net underwriting income improved in the first nine months of 2019 by 13% compared with the same prior-year period to $4.5 billion, as growth in net earned premiums offset year-over-year increases in incurred losses and loss adjustment expenses, underwriting expenses and policyholder dividends. This financial review is detailed in a new Best’s Special Report, First Look: 9-Month 2019 Property/Casualty Financial Results. The data is derived from companies’ nine-month 2019 interim statutory statements received as of Nov. 19, 2019, representing an estimated 97% of the total P/C industry’s net premiums written.
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