Property-casualty insurers' results should improve slightly this year and then worsen over the next two years, according to a new study by Conning Research and Consulting Inc.
The Hartford, Conn.-based firm said return on equity for 2004 is expected to be 8.4 percent and will increase to 8.8 percent in 2005. However, forecasts for 2006 and 2007 show returns of 7.4 percent and 5.9 percent, respectively.
Price competition among insurers is expected to rise, Conning said, leading to reductions in premium growth. Premium growth is estimated at 4.1 percent for 2004, 1.5 percent for 2005, and lowering to 1 percent in 2006.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
