property/casualty financial results News

U.S. P/C Industry 2012 Income $33.5B in Spite of $32B in Cat Losses

U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because catastrophe losses were lower than in 2011. Analysts commenting on …

How P/C Insurance Industry Fared Financially in 2010

U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus increasing to 6.5 percent from 5.9 percent. Policyholders’ surplus rose $45.5 billion, …