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A look at 2015 P&C insurance industry results, in charts

For the first time since the 1970s, the industry has shown three consecutive years of underwriting profit.

By Phil Gusman | Updated on March 23, 2016

Is it luck or talent for the insurance industry? Alirt Insurance Research, in its 2015 review, notes its composite of insurers posted a combined ratio under 100 for the third year in a row. It’s the first time since the 1970s the industry has shown three back-to-back years of underwriting profit.

David Paul, a principal at Windsor, Conn.-based Alirt, says two factors cannot be overlooked. The first: lower catastrophe losses over the past three years compared with 2011 and 2012. “Certainly cat losses are helping,” Paul says. “The numbers [combined ratio] are close enough to 100 where if you put a couple of points on for cats, it goes over 100. So I would definitely say the three light years of cats helps.”

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