Decline of over 29 percent in net income compared to 2016 The private U.S. property/casualty insurance industry saw its net income after taxes drop to $15.5 billion in first-half 2017 from $21.8 billion in first-half 2016—a 29.2 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall […]

Net income drops 42.2 percent due to the highest first quarter catastrophe losses since the 1994 Northridge earthquake. The private U.S. property/casualty insurance industry saw its net income after taxes drop to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016—a 42.2 percent decline—and its overall profitability as measured by its annualized rate […]

While suffering an underwriting loss, the industry reported net income of $42.6 Billion, a 25 percent decline from 2015. Private U.S. property/casualty insurers suffered a $4.7 billion net underwriting loss in 2016, following an $8.9 billion net underwriting gain in 2015, and experienced a 25 percent drop in net income after taxes to $42.6 billion from […]

Net written premium growth declined to 3.4 percent in 2015. Profits up due to capital gains increases. Auto frequency and severity trends part of challenging environment for insurers. Private U.S. property/casualty insurers saw their net written premium growth slow to 3.4 percent in 2015 from 4.2 percent a year earlier, while their net income after […]