Insurer Financial Results

Insurer Financial Results: 1995 June 1996 Executive Summary Net 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…
Insurer Financial Results: 1996 June 1997 Executive Summary Net 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…
Insurer Financial Results: 1997 Executive Summary Net 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…
Insurer Financial Results: 1998 June 1999 Executive Summary Net 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…
Insurer Financial Results: 1999 Executive Summary Net 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.…
Insurer Financial Results: 2000 Insurer Financial Results: 2000 Executive Summary Net Income and Return on Net Worth Despite 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.…
Insurer Financial Results: 2001 Executive Summary Net 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…
Insurer Financial Results: 2002 Executive 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…
Insurer Financial Results: 2003 Executive 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…
Insurer Financial Results: 2004 Executive 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…
Insurer Financial Results: 2005 Benefiting 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,…
Insurer Financial Results: 2006 Executive Summary The 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…
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