A.M. Best expects the U.S. property/casualty (P/C) industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. As a result, the industry 2017 combined ratio is estimated to deteriorate to 105.1 from 100.9 in the previous year, according to A.M. Best’s 2018 Review/Preview special report on the P/C industry.
The Best’s Market Segment Report, titled, “U.S. Property/Casualty 2018 Review & Preview,” states that the expected net underwriting loss of $29.3 billion in 2017, which followed a $6.5 billion loss in 2016, will cause pre-tax operating income to decline substantially to $14.8 billion from $41.1 billion
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