The RAA data is based on a survey of statutory underwriting results from reinsurers.
The group of U.S. reinsurers earned $63.4 billion in gross written premiums in the first half of 2021, up from $47.0 billion in the same period last year.
The group's combined ratio was 96.1 percent in the first half of this year, up from 96.8 percent in the first half of 2021. The reinsurers' 6-month combined ratio was attributable to a 73.5 percent loss ratio versus 72.4 percent for the same period in 2021, and a 22.6 percent expense ratio versus a 24.4 percent expense ratio during the same period last year, according to the RAA.
The reinsurers' policyholders' surplus at the end of this year's first half was $246.3 billion, down from $292.2 billion on March 31, the RAA reported.