It would have been helpful to see the impact of the tax law changes (TRA-17) on premiums as well as the stated impact on profit, so as to be comparable to the rest of the analysis; i.e. the impact on the P&C insurance industry combined ratio.
Ooops! Bear culpa. It isn’t, as you said, but I’d be curious about the magnitude of the impacts in terms of premiums, to see how rates might be decreased / not increased as greatly in the near future.
Carriers have been relatively tight lipped on the impact of TRA-17 on the results, mainly because states like California have said that the savings/benefits should be passed on to consumers via lower rates or LCMs.
Something that is available, and widely published, however, was the impact of BEAT on insurers and reinsurers of domestic and foreign companies that pass money to foreign affiliates.
It would have been helpful to see the impact of the tax law changes (TRA-17) on premiums as well as the stated impact on profit, so as to be comparable to the rest of the analysis; i.e. the impact on the P&C insurance industry combined ratio.
Only problem with your thought is that income tax is not a figure accounted for in combined ratio. Premium tax is, but federal income tax is not.
Ooops! Bear culpa. It isn’t, as you said, but I’d be curious about the magnitude of the impacts in terms of premiums, to see how rates might be decreased / not increased as greatly in the near future.
Carriers have been relatively tight lipped on the impact of TRA-17 on the results, mainly because states like California have said that the savings/benefits should be passed on to consumers via lower rates or LCMs.
Something that is available, and widely published, however, was the impact of BEAT on insurers and reinsurers of domestic and foreign companies that pass money to foreign affiliates.