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P/C Insurers' Underwriting, Investment Results Deteriorate in First Quarter

National News • June 25, 2008
The U.S. property/casualty insurance industry's net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007. Contributing to the $8 billion, or 49.3 ...

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Subject: RE: UW numbers don't add up

Posted On: June 26, 2008, 8:46 am CDT
Posted By: Ratemaker
Comment:
Could be a difference of Trade basis vs. Financial Basis combined ratio. Combined ratios are often reported as Loss/Earned Premium + Expense/Written Premium.

UW Profit or Loss always is done based on Earned Premium. The difference between the two measurements could account for the anomaly you spotted if the total premium dollars taken in by the industry are increasing.
Subject Posted By Posted On
RE: Financial Results for US P/C Underwriters Hasn't changed in years
Jun 27, 2008, 10:49 am
Financial Results for US P/C Underwriters LG
Jun 27, 2008, 10:27 am
RE: UW numbers don't add up Ratemaker
Jun 26, 2008, 8:46 am
Recession Impact? Question?
Jun 26, 2008, 6:20 am
UW numbers don't add up West Coast Watcher
Jun 25, 2008, 4:57 pm
This was posted ?
Jun 25, 2008, 4:42 pm
Keep dreamin' SD
Jun 25, 2008, 4:37 pm
C'mon hard market Mike
Jun 25, 2008, 12:43 pm
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