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You are here: Home / Archives for Profitability

Property and Casualty Insurers See $5.6B Net Underwriting Loss in First Nine Months of 2021

February 15, 2022 By CollisionWeek Editor

Underwriting loss driven by increase in non-catastrophe losses from several lines, including personal auto. Private U.S. property/casualty insurers saw a $5.6 billion net underwriting loss in the first nine months of 2021, as non-catastrophe losses returned to pre-pandemic levels, according to a report by Verisk (NASDAQ:VRSK), the global data analytics provider, and the American Property […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

Most Profitable States for Auto Insurers in 2020

January 6, 2022 By CollisionWeek Editor

While the pandemic caused an upheaval in the auto physical damage insurance market and carriers rebated premiums, many states were more profitable for insurers during 2020 than before the pandemic. The latest data from the National Association of Insurance Commissioners (NAIC) illustrates how the first year impacted by the COVID-19 pandemic increased profits for private […]

Filed Under: Research Tagged With: Auto Insurance, Profitability

Property & Casualty Insurers’ Q1 Net Income Grows as Profitability Ratios Worsen

July 26, 2021 By CollisionWeek Editor

Q1 2021 P/C Profitability

U.S. industry notches strong first quarter, but catastrophes hamper underwriting performance, according to Verisk and APCIA Private property/casualty insurers in the United States saw their net income after taxes increase in the first quarter of 2021 from a year earlier, while their combined ratio – a key measure of underwriting profitability – worsened, according to […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

Property/Casualty Underwriting Profits Projected to Continue in 2021

May 20, 2021 By CollisionWeek Editor

Insurance Information Institute logo

Insurance Information Institute and Milliman project industry combined ratio of 99, virtually the same as 2020. Property/casualty insurers are projected to continue to post slight underwriting profits in 2021, according to a forecast by the Insurance Information Institute (Triple-I) and Milliman. The forecast projects a 2021 combined ratio of 99, virtually the same as last […]

Filed Under: News Tagged With: Insurance Information Institute, Millman, Profitability, Property Casualty Insurance

Property & Casualty Insurers Report 27.5% Drop in Net Income During First Nine Months of 2020

February 9, 2021 By CollisionWeek Editor

PCI Q3 2020 Insurance Profitability

Pandemic and record number of catastrophes in the United States impact insurance industry. In the first nine months of 2020, the private U.S. property and casualty (P&C) insurance industry dealt with the effects of the COVID-19 pandemic as well an historic catastrophe season, according to a report from Verisk (NASDAQ:VRSK), a leading global data analytics […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

Property/Casualty Insurers Report Solid Results in 2019

May 7, 2020 By CollisionWeek Editor

Net Income After Taxes

Industry expected to face challenges this year due to COVID-19. The private U.S. property/casualty insurance industry had solid results in 2019, with increases in net income, underwriting gains, and policyholders’ surplus, but faces considerable challenges in 2020 as the effects of the COVID-19 pandemic unfold, according to Verisk (NASDAQ:VRSK), a data analytics provider, and the […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

Property/Casualty Insurers Report Increase in Net Underwriting Gains in First 9 Months of 2019

January 17, 2020 By CollisionWeek Editor

Net Income after Taxes

Net income shows small decline, but industry has record Surplus of over $70 billion. The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in catastrophe losses, and its […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Profitability, Property Casualty Insurance, Verisk

P/C Insurers Report Strong First-Quarter Underwriting Results

June 28, 2019 By CollisionWeek Editor

P/C Net Income Q1 2019

Net written premiums down for first time since Great Recession. Private U.S. property/casualty insurers’ profitability as measured by their annualized rate of return on average policyholders’ surplus increased to 9.4 percent, the best first-quarter result since 10.8 percent in 2015, according to Verisk (NASDAQ:VRSK), the data analytics provider, and the American Property Casualty Insurance Association […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Profitability, Property Casualty Insurance, Verisk

U.S. Property-Casualty Insurers Report 66% Increase in Net Income in 2018

May 7, 2019 By CollisionWeek Editor

Net Income After Taxes

Results driven by growth in premiums and decline in catastrophe losses. Private U.S. property/casualty insurers saw their net income after taxes rise to $60 billion in 2018 from $36.1 billion in 2017—a 66.3 percent increase—helped by double-digit premium growth and a significant decline in catastrophe losses, according to Verisk (NASDAQ:VRSK) and the American Property Casualty […]

Filed Under: News Tagged With: American Property Casualty Insurance Association, Earnings, Profitability, Property Casualty Insurance, Verisk

P/C Insurers Report $4.7B Net Underwriting Gain for the First Nine-Months of 2018

January 18, 2019 By CollisionWeek Editor

Insurers net income

Increase marks sharp turnaround from $21 billion net underwriting loss a year earlier. Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier, helped by a rare decline in overall losses and loss adjustment expenses (LLAE) and significant […]

Filed Under: News Tagged With: Profitability, Property Casualty Insurance

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