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P/C Insurer Profit Grows in First 9 Months of 2015

Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014...
February 26, 2016

Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing to 8.8% from 7.6%, according to a recent report. The report was released by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI).

Insurers’ combined ratio improved to 96.9% for nine-months 2015 from 97.7% in nine-months 2014. Net written premium growth increased to 4.1% for nine-months 2015 from 4.0% for nine-months 2014. Net investment income increased to $34.8 billion for the first nine months of 2015 from $34.5 billion a year earlier, and realized capital gains increased slightly to $8.9 billion from $8.8 billion, resulting in $43.7 billion in net investment gains for nine-months 2015.

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