Net premiums written by U.S. property-casualty reinsurers were relatively unchanged in the first half of the year, but the profitability of the industry's book of business improved, the latest survey by the Reinsurance Association of America found.
A group of 22 U.S. propertycasualty reinsurers wrote $12.2 billion of net premiums during the first six months of 2007, down only $7.5 million compared with the same period last year, RAA noted.
However, RAA also found that the combined ratio for the group of reinsurers was 90 this year–a 6.5 point improvement from the 96.5 figure reported for the same period in 2006. The 2007 combined ratio is attributable to a 62.8 loss ratio and an expense ratio of 27.2.
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
© 2024 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.
