Tag: P/C performance

P/C Insurer Losses Manageable Despite Coronavirus Performance Declines

Microscopic illustration of the spreading 2019 corona virus that was discovered in Wuhan, China. The image is an artisic but scientific interpretation, with all relevant surface details of this particular virus in place, including Spike Glycoproteins, Hemagglutinin-esterase, E- and M-Proteins and Envelope.

Operating performance for North American property/casualty (P/C) insurers declined in the first half of 2020, with the ongoing coronavirus pandemic affecting underwriting results and investment earnings, according to the last midyear P/C insurance review from Fitch Ratings. Annualized GAAP operating ROAE declined to 2.8% at 1H20, down from 8.3% in the prior year. Sixteen of… Continue reading P/C Insurer Losses Manageable Despite Coronavirus Performance Declines