The U.S. P&C industry improved underwriting results and net income through the first six months of 2015, according to an A.M. Best Special Report, and barring any late-year catastrophic events, the industry appears to be on track to post a third consecutive year of underwriting profits.

Net premiums written increased by 3.9% to $258.8 billion, while net income jumped 17.9% to $31 billion (see Exhibit 1, below, click image to enlarge).

However, policyholders' surplus remained flat from its 2014 position, due to increased stockholder divdends, other changes in surplus and unrealized capital losses.

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