Best’s Special Report: Preliminary First-Half 2019 Results Show Reduced Underwriting Income for U.S. Property/Casualty Industry
Net earned premiums grew by 3.8% in first-half 2019, and underwriting expenses and policyholder dividends were stable; however, this was offset by a 5.6% increase in losses and loss adjustment expenses (LAE) incurred. As a result, the combined ratio for the property/casualty industry weakened by one percentage point from the prior-year period to 97.4. AM Best estimates catastrophe losses accounted for 4.5 percentage points on the six-month 2019 combined ratio, up from an estimated 4.2 percentage points in the prior-year period.
A
To access a copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=289014.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190822005674/en/
Director – Corporate Data Management
+1 908 439 2200, ext. 5627
[email protected]
Manager, Public Relations
+1 908 439 2200, ext. 5159
[email protected]
Director, Public Relations
+1 908 439 2200, ext. 5644
[email protected]
Source: AM Best
Nathan Carman faces questioning about changes he made to Chicken Pox before boat sank off Long Island
US and Russia blame each other for abandoning missile treaty
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News