An arrow made out of American currency points downward. One line that has been particularly influenced by inflation is private auto. S&P's report states private auto will account for over 35% of the net P&C premium written in the U.S. in 2022. (Credit: calypso77/Adobe Stock)

At the end of 2022, the insurance industry could post a calendar-year combined ratio of 100.4%, says a recent market report from S&P Global Market Intelligence. This would make it the P&C industry's first unprofitable year from an underwriting standpoint since 2017. While some P&C business lines in the U.S. have seen continued favorable conditions, the report notes, that has been largely offset by the inflationary pressure on other lines.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

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