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You are here: Home / Archives for Property Casualty Insurance

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

U.S. Property and Casualty Insurers Report Net Income Rose to $37.5 Billion

November 15, 2021 By CollisionWeek Editor

Insurers report improved income as resumption in economic activity drives growth in premiums and losses, according to Verisk and APCIA. Private property/casualty insurers in the United States posted strong net income growth in the first half of 2021 as the country continued to recover from the economic disruption caused by the COVID-19 pandemic, according to […]

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

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

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

P/C Insurers Report a 26% Drop in Net Income in First-Half 2020

October 28, 2020 By CollisionWeek Editor

Q2 Net Income

Industry results show effects of COVID-19 according to Verisk and the APCIA. Net income for the private U.S. property/casualty insurance industry dropped 26% in the first half of 2020, as the effects of COVID-19 began to hurt insurer underwriting results and investment gains, according to Verisk (NASDAQ:VRSK), a leading data analytics provider, and the American […]

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

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

Property/Casualty Insurance Industry Surplus Declined $75.9 Billion in the First Quarter

July 28, 2020 By CollisionWeek Editor

PC Profits Q1 2020

Downturn in stock market in face of pandemic hits insurer investments. Net written premiums were up in calm before the storm. The surplus for the private U.S. property/casualty insurance industry dropped by $75.9 billion in the first quarter of 2020—its largest-ever quarterly decline—as the stock market suffered a major downturn, according to Verisk (NASDAQ:VRSK), the […]

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

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