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P&C Net Income, Underwriting Results Continued to Rise in Q1 2013: A.M. Best

Continued rate increases and lower losses led the U.S. property and casualty industry to its second consecutive first-quarter underwriting profit in 2013, a new A.M. Best report says.

By Phil Gusman | Updated on July 22, 2013

Continued rate increases and lower losses led the U.S. property and casualty industry to its second consecutive first-quarter underwriting profit in 2013, a new A.M. Best report says.

The Q1 2013 underwriting results show an improvement over Q1 2012, with the industry’s combined ratio dropping to 94.7 from 97.4 and underwriting income growing to $4.6 billion compared to $1.5 billion.

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