Search
 

P&C Industry Takes First-Half Underwriting Loss, But Profits Up

Net income for private property & casualty insurance companies in the United States increased more than $10 billion in the first half of 2010 compared to the same time period in 2009.

By Chad Hemenway | Updated on September 15, 2010

NU Online News Service, Sept. 16, 3:31 p.m. EDT

Net income for private property & casualty insurance companies in the United States increased more than $10 billion in the first half of 2010 compared to the same time period in 2009.

Results were driven by a $13.3 billion increase in investment income in the first six months to $25.8 billion. This also allowed insurers to increase policyholder surplus to 3.7 percent to $530.5 billion, compared with last year during the same period.

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

© 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.

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 © 2024 ALM Global, LLC. All Rights Reserved.