P-C Insurers Boost Profits, But Concerns Loom Combined ratio at 97.9 for three quarters, but premium growth slows to 4.5 percent
Property-casualty insurers saw consolidated after-tax net income soar by 28.3 percent to $26.7 billion for the first nine months of 2004, a gain of nearly $6 billion from the same period the year before.
Further reflecting insurers improved financial position, the industrys surplus also rose by 6 percentsome $22 billionto $369 billion as of the end of September 2004, according to the third quarter report issued by the Insurance Services Office in Jersey City, N.J., and the Des Plaines, Ill.-based Property Casualty Insurers Association of America.
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