Personal-lines insurers should show year-over-year profit improvement when they report 2013 results, and the combined ratio for both personal auto and homeowners should come in under 100, according to a Fitch Ratings personal-lines dashboard update.

Fitch expects personal auto and homeowners to report a combined ratio of 99, with the homeowners line showing greater yearly profitability improvements due to lower catastrophes. Regarding the expected improved underwriting results for both lines, Fitch says, "This performance is tied largely to benefits from successive rounds of renewal price increases."

However, while the ratings agency says it expects rate increases to continue in 2014, the momentum is expected to wane throughout the year. 

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