New Report, Property/Casualty Insurance Profit Dynamics, Published by Fitch
A new report: 'Property/Casualty Insurance Profit Dynamics' has been published by Fitch Ratings. The report looks at the profitability dynamics for property/casualty insurers and how Fitch assesses insurer profitability on a statutory basis, examining the interplay of five key factors: underwriting performance, investment yield, operating leverage, asset leverage and tax rates that affect insurers' profitability and return on surplus.
The report also introduces a model based on these five key factors that helps to assess the source of returns for an insurer. This model is also useful as a forecasting tool for estimating future profitability and for considering sensitivity of returns to changes in balance sheet composition, the underwriting cycle, and interest rates.
The full report is now available on the Fitch web site at www.fitchratings.com under Financial Institutions then Insurance then Special Reports.
Published on February 6, 2008
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