Insurer Financial Results

Insurer Financial Results: 1995June 1996 Executive SummaryNet Income and Return on Net Worth The property/casualty insurance industry earned record after-tax income of $20.1 billion in 1995, surpassing the previous record of $19.3 billion in 1993. Compared with results in 1994 — a year marked by high catastrophe losses and weak investment results — net income…
Insurer Financial Results: 1996June 1997 Executive SummaryNet Income and Return on Net Worth The property/casualty insurance industry's statutory net income grew 17.0% in 1996, to a record $24.1 billion. The industry's surplus increased 11.5%, to an all-time high of $256.5 billion. Improvement in reported underwriting results, modest growth in investment income, and unusually large capital…
Insurer Financial Results: 1997Executive SummaryNet Income and Return on Net Worth Lower catastrophe losses and strong investment results combined to make 1997 a banner year for the U.S. property/casualty insurance industry.[1]1. For purposes of this analysis, the U.S. property/casualty industry is defined as all property/casualty companies domiciled in the United States, including excess and surplus…
Insurer Financial Results: 1998June 1999 Executive SummaryNet Income and Return on Net Worth Record low premium growth, increased catastrophe losses, and declining investment income led to deterioration in the industry's overall results in 1998.[1]1. For purposes of this analysis, the U.S. property/casualty industry is defined as all property/casualty companies domiciled in the United States, including…
Insurer Financial Results: 1999Executive SummaryNet Income and Return on Net Worth Near record low premium growth, increased loss and loss adjustment expenses, declining investment income, and lower realized capital gains led to deterioration in the industry's overall results in 1999. [1]1. For purposes of this analysis, the U.S. property/casualty industry is defined as all property/casualty…
Insurer Financial Results: 2000Insurer Financial Results: 2000Executive SummaryNet Income and Return on Net WorthDespite increases in net investment income and realized capital gains, sharply higher net losses on underwriting led to deterioration in the industry's overall results in 2000.[1]1. For purposes of this analysis, the U.S. property/casualty industry is defined as all property/casualty companies domiciled…
Insurer Financial Results: 2001Executive SummaryNet Income and Return on Net Worth In 2001, the property/casualty industry experienced its first recorded net loss after taxes, as a result of sharply higher losses on underwriting and weaker investment results.[1]1. This study defines the U.S. property/casualty industry as all property/casualty companies domiciled in the United States, including excess…
Insurer Financial Results: 2002Executive Summary Analysis of insurer financial results for 2002 reveals an industry recovering from the terrorist attack on September 11, 2001, and the cumulative effects of anemic premium growth during the 1990s. Though the insurance industry returned to profitability in 2002, further analysis reveals that the industry's recovery remains far from complete.…
Insurer Financial Results: 2003Executive Summary Analysis of property/casualty insurer financial results for 2003 reveals that the industry made substantial progress in its ongoing recovery from its first-ever net loss after taxes in 2001 and declines in surplus during the three years ending 2002. But insurers' overall rate of return remained low compared with long-term historical…
Insurer Financial Results: 2004Executive Summary Analysis of property/casualty insurer financial results for 2004 reveals that insurers' surplus, or statutory net worth, rose to a record high, as their net income after taxes and rate of return on net worth both increased for the third consecutive year. But insurers' overall rate of return remained low compared…
Insurer Financial Results: 2005Benefiting from sound risk management and strong investment results, the U.S. property/casualty industry's net income after taxes rose 11.7%, or $4.5 billion, in 2005 to $43.0 billion. [1]1. This study defines the U.S. property/casualty insurance industry as all private property/casualty insurers domiciled in the United States, including excess and surplus insurers and…
Insurer Financial Results: 2006Executive SummaryThe U.S. property/casualty insurance industry’s net income after taxes rose $19.5 billion, or 44.3%, to $63.7 billion in 2006 from $44.2 billion in 2005.[1]1. This study defines the U.S. property/casualty insurance industry as all private property/casualty insurers domiciled in the United States, including excess and surplus insurers and domestic insurers owned…
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