Best’s Special Report: Preliminary First-Half 2018 Results Show Improvement in Underwriting Income for U.S. Property/Casualty Industry
The first-half 2018 underwriting results were driven by growth in net premiums written of 13.3% over the prior-year period, which offset a 3.8% increase in losses and loss adjustment expenses (LAE) incurred, a 12.9% rise in underwriting expenses and a 10.1% increase in policyholder dividends. With a more normalized level of catastrophe losses in first-half 2018, the industry’s combined ratio improved 4.5 points from the prior-year period to 96.4, the lowest six-month period combined ratio for the last five years.
The property/casualty industry also recorded a
To access a copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=277318.
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