P&C Industry Net Income Grows

Net incomes and profitability are up and combined ratios are down in the property and casualty insurance industry, according to a report from Verisk Analytics and the Property and Casualty Insurance Association of America. The report, compiled using data from the Verisk subsidiary ISO, shows that in the property and casualty industry from the first quarter of 2014 to the first quarter of 2015: Net income grew 30.9% from $13.9 billion to $18.2 billion. Profitability -- measured by rate of return on average policyholder surplus -- rose from 8.4% to 10.8%. Combined ratios dropped from 97.1 ...