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P&C industry saw growth slow in key areas in 2015, A.M. Best report says

Challenging market conditions are emerging, but give the insurance industry credit on underwriting results.

By Phil Gusman | Updated on May 06, 2016

By just about every measure, the Property and Casualty industry continued to grow in 2015, but the rate of growth in key areas has slowed, a recent A.M. Best Special Report shows.

According to the report on P&C 2015 results, titled “U.S. P/C Industry Marks Third Consecutive Underwriting Gain, but Surplus Declines on Investment Results,” P&C net income fell 11.4% in 2015 to $56 billion, net premiums written and net premiums earned were each down 3.4% to $519 billion and $509.8 billion respectively, realized capital gains were down 14.2% to $10.3 billion and underwriting income fell 40.1% to $6.2 billion.

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