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U.S. Reinsurers See Drops In Surplus, Combined Ratio, RAA Reports

U.S. reinsurers took a beating in the past year, evidenced by a $6.9 billion drop in their overall level of surplus.

By Caroline McDonald | Updated on September 06, 2009

U.S. reinsurers took a beating in the past year, evidenced by a $6.9 billion drop in their overall level of surplus–down 9.5 percent to $66.0 billion in 2009 as of June 30, 2009, compared to $72.8 billion as of June 30, 2008.

During the same time period, however, underwriting results improved with the overall combined ratio coming in 3.7 points lower, according to the Reinsurance Association of America, which surveyed 19 U.S. property and casualty reinsurers to produce the figures distributed in a report last week.

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