The nine months of 2022 saw P&C industry net earnings fall 19% compared with the same period the year prior, according to Fitch Ratings, which noted higher investment income was weighed down by bigger underwriting losses and The nine months of 2022 saw P&C industry net earnings fall 19% compared with the same period the year prior, according to Fitch Ratings, which noted higher investment income was weighed down by bigger underwriting losses and "reduced realized investment gains." (Credit: zatevakhin/ Adobe Stock)

In 2023, pricing increases in personal and commercial lines, higher investment yields and a return to catastrophe-loss levels more in line with historical averages should lead to "stabilizing to modestly better" operating performance for U.S. property & casualty insurers, Fitch Ratings reported.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Commercial Lines
Personal Lines