The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results. This financial review is detailed in a new Best’s Special Report, “First Look: Three-Month 2021 Property/Casualty Financial Results,” and the data is derived from companies’ three-month 2021… Continue reading Preliminary Q1 Results Show U.S. P/C Industry’s Underwriting Income Cut by More than Half
Tag: Property & Casualty income
U.S. Property/Casualty Industry’s Net Income Increased 69% in 2018
The year-end statutory filings for the U.S. property/casualty (P/C) industry showed a year-over-year 69% increase in net income to $59.2 billion in 2019, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and higher net investment income, according to an AM Best special report. The new Best’s Special Report, titled,… Continue reading U.S. Property/Casualty Industry’s Net Income Increased 69% in 2018