Transcription of U.S. Property & Casualty Insurance Industry
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U.S. Property & Casualty Insurance Industry
2019 National Association of Insurance Commissioners 1 Property & Casualty and Title Insurance Industries | 2018 Full Year Results Property & Casualty Insurance Industry Industry Overview Double-digit premium growth, lower catastrophe losses , and an improved auto market were all contributing factors to the turnaround in the Property and Casualty underwriting re-sults in 2018 as the Industry reported a $ billion under-writing gain versus a $ billion loss last year. Higher investment income earned contributed to an improve-ment in the investment yield to Overall, net income increased to $ billion compared to $ billion in 2017. The profit was offset primarily by un-realized capital losses of $ billion, which resulted in a slight decline in policyholders surplus from $ billion at YE 2017 to $ billion at YE 2018.
Jul 01, 2019 · After record catastrophe losses in 2017 and above average catastrophe losses in 2018, the market is beginning to show signs of a correction in most lines. eginning in late 2017 and continuing through 2018, the market began to tighten in terms of pricing. According to the most recent market report from The ouncil of Insurance Agents
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