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You are here: Home / Archives for A.M. Best

AM Best Special Report Sees Strong U.S. Economic Expansion in 2021 But Growth Will Moderate in 2022

February 23, 2022 By CollisionWeek Editor

Supported by government spending and extraordinary accommodative monetary policy, the U.S. economy grew by 5.5% year over year in 2021, the largest economic expansion in decades. However, according to an AM Best special report, there are several headwinds at the beginning of 2022 for the U.S. economy that include the potential for a Federal Reserve […]

Filed Under: News Tagged With: A.M. Best

A.M. Best Reports U.S. Property/Casualty Insurance Industry’s Underwriting, Net Income Increased in First-Half of the Year

August 23, 2021 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: A.M. Best, Earnings, Property Casualty Insurance

U.S. Property/Casualty Industry’s Underwriting, Net Income Drops in First-Half 2020

August 26, 2020 By CollisionWeek Editor

AM Best

A.M. Best says COVID-19 related underwriting expenses and dividends will impact industry profitability. Underwriting income for the U.S. property/casualty (P/C) industry fell by 5.5% in the first half of 2020, compared with first-half 2019, on increases in underwriting expenses and policyholder dividends, largely stemming from COVID-19-related factors. This AM Best financial review is detailed in […]

Filed Under: News Tagged With: A.M. Best, Earnings, Property Casualty Insurance

U.S. Property/Casualty Insurers Preliminary Nine-Month 2019 Results Show 13% Underwriting Income Increase

November 25, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: A.M. Best, Earnings, Property Casualty Insurance

U.S. Property/Casualty Insurers Preliminary First Quarter Results Show 24% Underwriting Income Increase

May 22, 2019 By CollisionWeek Editor

AM Best logo

While AM Best analysis of interim financial reports shows improvement in income, loss and loss adjustment expense increased during the quarter. The U.S. property/casualty (P/C) industry posted net underwriting income of $4.2 billion in first-quarter 2019, according to preliminary financial results, a 24.0 percent increase from the first quarter of 2018. This financial review is […]

Filed Under: News Tagged With: A.M. Best, Earnings, Property Casualty Insurance

A.M. Best Projects Property/Casualty Insurance 2017 Underwriting Loss of $29 Billion

February 12, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: A.M. Best, Profitability, Property Casualty Insurance

AM Best Reports Personal Auto Insurance Underwriting Profitability Performed Better in 2017

February 5, 2018 By CollisionWeek Editor

The underwriting profitability of the U.S. personal auto line showed signs of improvement in 2017 as rate hikes have been effective against loss frequency and severity trends, according to a new A.M. Best report. The combined ratio for the U.S. private passenger standard auto composite (companies with private passenger auto net premiums written that constitute […]

Filed Under: News Tagged With: A.M. Best, Auto Insurance, Profitability

A.M. Best Projects 2016 Profitability Slides as Growth Slows and Competition Intensifies for U.S. P/C Insurers

January 31, 2017 By CollisionWeek Editor

A.M. Best expects that higher catastrophe losses, competitive market conditions and automobile liability challenges will result in an underwriting loss in 2016 for the U.S. property/casualty (P/C) insurance industry, its first such loss since 2012, according to a new A.M. Best special report. On January 25, CollisionWeek reported that private U.S. P/C insurers suffered a $1.7 […]

Filed Under: News Tagged With: A.M. Best, Profitability, Property Casualty Insurance

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