In NU's annual rankings, based on data from SNL Financial, the average combined ratio among the top 100 insurance groups fell year-over-year to a respectable 96.64—a 6.37 improvement over last year's numbers.
In group results, all boasted better combined ratios (at an average of 6.37 points of improvement among the top 100 and 5.59 among the top 10), but it was AIG—which some would argue had the biggest room for improvement among the most successful groups in the top 10—that saw the greatest improvement among the biggest players, shaving off 16.15 points to a more competitive 101.27.
The top 100 groups showed average growth in NPW of 4.3%, to a total of $422.4 billion; that average growth drops to 3.7% among the top 5 groups (State Farm, Berkshire Hathaway, Allstate, Liberty Mutual and Travelers, respectively), which still represent a sizable portion (roughly 37%) of the NPW among the top 100 insurance groups.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
