Search
 

Reinsurers Logged $1.7B In 2007 Profits

The U.S. reinsurance industry reported an underwriting profit of $1.7 billion last year, making 2007 and 2006 the only times since 1980 that the industry has recorded a profit on operations, according

By Arthur D. Postal | Updated on March 20, 2008

The U.S. reinsurance industry reported an underwriting profit of $1.7 billion last year, making 2007 and 2006 the only times since 1980 that the industry has recorded a profit on operations, according to data released by the industry this week.

Scott Williamson, assistant vice president, financial analysis, for the Reinsurance Association of America, said the operating profits for the last two years “are partly a result of where we have been in the reinsurance cycle and the low catastrophe losses experienced in the last couple years, when compared to the 2004-2005 hurricane seasons.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 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.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2025 ALM Global, LLC. All Rights Reserved.