P/C INSURANCE INDUSTRY INCOME ANALYSIS, 2004-2008 (1)
Net written premiums |
$424.1 |
$425.5 |
$443.5 |
$440.6 |
$434.5 |
Percent change |
4.9% |
0.3% |
4.2% |
-0.6% |
-1.4% |
Earned premiums |
$413.8 |
$417.6 |
$435.5 |
$438.9 |
$438.1 |
Losses incurred |
247.8 |
256.5 |
231.3 |
244.7 |
286.2 |
Loss adjustment expenses incurred |
53.1 |
55.1 |
52.6 |
52.3 |
51.7 |
Other underwriting expenses |
106.8 |
109.8 |
117.1 |
120.1 |
119.6 |
Policyholder dividends |
1.7 |
1.9 |
3.4 |
2.4 |
2.0 |
Underwriting gain/loss |
4.3 |
-5.6 |
31.1 |
19.3 |
-21.3 |
Investment income |
40.0 |
49.7 |
52.3 |
55.1 |
51.2 |
Miscellaneous income/loss |
-0.3 |
1.0 |
1.2 |
-1.0 |
-0.1 |
Operating income/loss |
44.0 |
45.1 |
84.6 |
73.4 |
29.8 |
Realized capital gains/losses |
9.1 |
9.7 |
3.5 |
8.9 |
-19.8 |
Incurred federal income taxes/credit |
14.6 |
10.7 |
22.4 |
19.8 |
7.7 |
Net income after taxes |
38.5 |
44.2 |
65.8 |
62.5 |
2.3 |
|
(1) Data in this chart may not agree with similar data shown elsewhere due to different sources.
Source: ISO.
P/C INSURANCE INDUSTRY INCOME ANALYSIS, 2005-2009 (1)
Net written premiums |
$425.5 |
$443.5 |
$440.6 |
$434.9 |
$419.0 |
Percent change |
0.3% |
4.2% |
-0.6% |
-1.3% |
-3.7% |
Earned premiums |
$417.6 |
$435.5 |
$438.9 |
$438.3 |
$422.9 |
Losses incurred |
256.5 |
231.3 |
244.7 |
286.3 |
254.0 |
Loss adjustment expenses incurred |
55.1 |
52.6 |
52.3 |
51.7 |
52.7 |
Other underwriting expenses |
109.8 |
117.1 |
120.1 |
119.6 |
117.3 |
Policyholder dividends |
1.9 |
3.4 |
2.4 |
2.0 |
2.0 |
Underwriting gain/loss |
-5.6 |
31.1 |
19.3 |
-21.2 |
-3.1 |
Investment income |
49.7 |
52.3 |
55.1 |
51.5 |
47.0 |
Miscellaneous income/loss |
1.0 |
1.2 |
-1.0 |
0.4 |
0.8 |
Operating income/loss |
45.1 |
84.6 |
73.4 |
30.6 |
44.7 |
Realized capital gains/losses |
9.7 |
3.5 |
8.9 |
-19.8 |
-8.0 |
Incurred federal income taxes/credit |
10.7 |
22.4 |
19.8 |
7.8 |
8.4 |
Net income after taxes |
44.2 |
65.8 |
62.5 |
3.0 |
28.3 |
|
(1) Data in this chart may not agree with similar data shown elsewhere due to different sources.
Source: ISO.
PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2006-2010 (1)
Net written premiums |
$443.5 |
$440.6 |
$434.9 |
$418.4 |
$422.1 |
Percent change |
4.2% |
-0.6% |
-1.3% |
-3.8% |
0.9% |
Earned premiums |
$435.5 |
$438.9 |
$438.3 |
$422.3 |
$420.5 |
Losses incurred |
231.3 |
244.7 |
286.3 |
253.8 |
256.5 |
Loss adjustment expenses incurred |
52.6 |
52.3 |
51.7 |
52.5 |
52.6 |
Other underwriting expenses |
117.1 |
120.1 |
119.6 |
117.0 |
119.6 |
Policyholder dividends |
3.4 |
2.4 |
2.0 |
2.0 |
2.3 |
Underwriting gain/loss |
31.1 |
19.3 |
-21.2 |
-3.0 |
-10.4 |
Investment income |
52.3 |
55.1 |
51.5 |
47.1 |
47.2 |
Miscellaneous income/loss |
1.2 |
-1.0 |
0.4 |
0.9 |
1.0 |
Operating income/loss |
84.6 |
73.4 |
30.6 |
45.0 |
37.8 |
Realized capital gains/losses |
3.5 |
8.9 |
-19.8 |
-7.9 |
5.7 |
Incurred federal income taxes/credit |
22.4 |
19.8 |
7.8 |
8.4 |
8.9 |
Net income after taxes |
65.8 |
62.5 |
3.0 |
28.7 |
34.7 |
|
(1) Data in this chart may not agree with similar data shown elsewhere due to different sources.
Source: ISO, a Verisk Analytics company.
PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2007-2011 (1)
Net written premiums |
$440.6 |
$434.9 |
$418.4 |
$423.8 |
$437.6 |
Percent change |
-0.6% |
-1.3% |
-3.8% |
1.3% |
3.3% |
Earned premiums |
$438.9 |
$438.3 |
$422.3 |
$422.2 |
$433.9 |
Losses incurred |
244.7 |
286.3 |
253.8 |
257.7 |
290.8 |
Loss adjustment expenses incurred |
52.3 |
51.7 |
52.5 |
52.9 |
53.7 |
Other underwriting expenses |
120.1 |
119.6 |
117.0 |
119.8 |
124.1 |
Policyholder dividends |
2.4 |
2.0 |
2.0 |
2.3 |
1.8 |
Underwriting gain/loss |
19.3 |
-21.2 |
-3.0 |
-10.5 |
-36.5 |
Investment income |
55.1 |
51.5 |
47.1 |
47.6 |
49.0 |
Miscellaneous income/loss |
-1.0 |
0.4 |
0.9 |
1.1 |
2.3 |
Operating income/loss |
73.4 |
30.6 |
45.0 |
38.2 |
14.8 |
Realized capital gain/loss |
8.9 |
-19.8 |
-7.9 |
5.9 |
7.2 |
Income taxes/credit |
19.8 |
7.8 |
8.4 |
8.8 |
2.9 |
Net income after taxes |
62.5 |
3.0 |
28.7 |
35.2 |
19.1 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO, a Verisk Analytics company.
PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2008-2012 (1)
Net written premiums |
$434.9 |
$418.4 |
$423.8 |
$438.0 |
$457.0 |
Percent change |
-1.3% |
-3.8% |
1.3% |
3.4% |
4.3% |
Earned premiums |
$438.3 |
$422.3 |
$422.2 |
$434.4 |
$449.4 |
Losses incurred |
286.3 |
253.8 |
257.7 |
290.8 |
279.4 |
Loss adjustment expenses incurred |
51.7 |
52.5 |
52.9 |
53.8 |
55.6 |
Other underwriting expenses |
119.6 |
117.0 |
119.8 |
124.2 |
129.0 |
Policyholder dividends |
2.0 |
2.0 |
2.3 |
1.9 |
2.1 |
Underwriting gain/loss |
-21.2 |
-3.0 |
-10.5 |
-36.2 |
-16.7 |
Investment income |
51.5 |
47.1 |
47.6 |
49.2 |
47.7 |
Miscellaneous income/loss |
0.4 |
0.9 |
1.1 |
2.5 |
2.3 |
Operating income/loss |
30.6 |
45.0 |
38.2 |
15.4 |
33.3 |
Realized capital gain/loss |
-19.8 |
-7.9 |
5.9 |
7.0 |
6.2 |
Income taxes/credit |
7.8 |
8.4 |
8.8 |
3.0 |
6.0 |
Net income after taxes |
3.0 |
28.7 |
35.2 |
19.5 |
33.5 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO, a Verisk Analytics company.
PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2009-2013 (1)
|
2009 |
2010 |
2011 |
2012 |
2013 |
Net written premiums |
$418.4 |
$423.8 |
$438.0 |
$456.7 |
$477.7 |
Percent change |
-3.8% |
1.3% |
3.4% |
4.3% |
4.6% |
Earned premiums |
$422.3 |
$422.2 |
$434.4 |
$448.9 |
$467.9 |
Losses incurred |
253.8 |
257.7 |
290.8 |
277.7 |
259.3 |
Loss adjustment expenses incurred |
52.5 |
52.9 |
53.8 |
55.5 |
55.7 |
Other underwriting expenses |
117.0 |
119.8 |
124.2 |
128.9 |
134.8 |
Policyholder dividends |
2.0 |
2.3 |
1.9 |
2.1 |
2.5 |
Underwriting gain/loss |
-3.0 |
-10.5 |
-36.2 |
-15.4 |
15.5 |
Net investment income |
47.1 |
47.6 |
49.2 |
48.0 |
47.4 |
Miscellaneous income/loss |
0.9 |
1.1 |
2.5 |
2.4 |
1.5 |
Operating income/loss |
45.0 |
38.2 |
15.4 |
35.0 |
64.3 |
Realized capital gain/loss |
-7.9 |
5.9 |
7.0 |
6.2 |
11.4 |
Federal and foreign income tax |
8.4 |
8.8 |
3.0 |
6.1 |
12.0 |
Net income after taxes |
28.7 |
35.2 |
19.5 |
35.1 |
63.8 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO®, a Verisk Analytics® company.
PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2010-2014 (1)
|
2010 |
2011 |
2012 |
2013 |
2014 |
Net premiums written |
$423.8 |
$438.0 |
$456.7 |
$477.0 |
$496.6 |
Percent change |
1.3% |
3.4% |
4.3% |
4.4% |
4.1% |
Premiums earned |
$422.2 |
$434.4 |
$448.9 |
$467.4 |
$487.6 |
Losses incurred |
257.7 |
290.8 |
277.7 |
259.4 |
277.4 |
Loss adjustment expenses incurred |
52.9 |
53.8 |
55.5 |
55.6 |
57.3 |
Other underwriting expenses |
119.8 |
124.2 |
128.9 |
134.6 |
138.1 |
Policyholder dividends |
2.3 |
1.9 |
2.1 |
2.5 |
2.5 |
Net underwriting gain/loss |
-10.5 |
-36.2 |
-15.4 |
15.2 |
12.3 |
Net investment income |
47.6 |
49.2 |
48.0 |
47.3 |
46.2 |
Miscellaneous income/loss |
1.1 |
2.5 |
2.4 |
1.5 |
-2.8 |
Operating income |
38.2 |
15.4 |
35.0 |
64.1 |
55.6 |
Realized capital gains |
5.9 |
7.0 |
6.2 |
11.4 |
10.1 |
Federal and foreign income tax |
8.8 |
3.0 |
6.1 |
12.0 |
10.2 |
Net income after taxes |
35.2 |
19.5 |
35.1 |
63.4 |
55.5 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO®, a Verisk Analytics® business.
Property/Casualty Insurance Industry Income Analysis, 2011-2015 (1)
|
2011 |
2012 |
2013 |
2014 |
2015 |
Net premiums written |
$438.0 |
$456.7 |
$477.0 |
$497.0 |
$514.0 |
Percent change |
3.4% |
4.3% |
4.4% |
4.2% |
3.4% |
Premiums earned |
$434.4 |
$448.9 |
$467.4 |
$487.9 |
$505.8 |
Losses incurred |
290.8 |
277.7 |
259.4 |
277.7 |
290.6 |
Loss adjustment expenses incurred |
53.8 |
55.5 |
55.6 |
57.3 |
59.6 |
Other underwriting expenses |
124.2 |
128.9 |
134.6 |
138.3 |
144.3 |
Policyholder dividends |
1.9 |
2.1 |
2.5 |
2.4 |
2.5 |
Net underwriting gain/loss |
-36.2 |
-15.4 |
15.2 |
12.2 |
8.7 |
Net investment income |
49.2 |
48.0 |
47.3 |
46.4 |
47.2 |
Miscellaneous income/loss |
2.5 |
2.4 |
1.5 |
-2.7 |
1.4 |
Operating income |
15.4 |
35.0 |
64.1 |
55.9 |
57.3 |
Realized capital gain |
7.0 |
6.2 |
11.4 |
10.3 |
9.4 |
Federal and foreign income tax |
3.0 |
6.1 |
12.0 |
10.3 |
10.1 |
Net income after taxes |
19.5 |
35.1 |
63.4 |
55.9 |
56.6 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO®, a Verisk Analytics® business.
Property/Casualty Insurance Industry Income Analysis, 2012-2016 (1)
|
2012 |
2013 |
2014 |
2015 |
2016 |
Net premiums written |
$456.7 |
$477.0 |
$497.0 |
$514.4 |
$528.2 |
Percent change |
4.3% |
4.4% |
4.2% |
3.5% |
2.7% |
Premiums earned |
$448.9 |
$467.4 |
$487.9 |
$506.0 |
$523.5 |
Losses incurred |
277.7 |
259.4 |
277.7 |
290.7 |
318.0 |
Loss adjustment expenses incurred |
55.5 |
55.6 |
57.3 |
59.6 |
60.3 |
Other underwriting expenses |
128.9 |
134.6 |
138.3 |
144.3 |
147.6 |
Policyholder dividends |
2.1 |
2.5 |
2.4 |
2.5 |
2.3 |
Net underwriting gain/loss |
-15.4 |
15.2 |
12.2 |
8.9 |
-4.7 |
Net investment income |
48.0 |
47.3 |
46.4 |
47.2 |
46.3 |
Miscellaneous income/loss |
2.4 |
1.5 |
-2.7 |
1.5 |
1.0 |
Operating income |
35.0 |
64.1 |
55.9 |
57.7 |
42.6 |
Realized capital gain |
6.2 |
11.4 |
10.3 |
9.4 |
7.3 |
Federal and foreign income tax |
6.1 |
12.0 |
10.3 |
10.2 |
7.3 |
Net income after taxes |
35.1 |
63.4 |
55.9 |
56.8 |
42.6 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO®, a Verisk Analytics® business.
Property/Casualty Insurance Industry Income Analysis, 2013-2017 (1)
|
2013 |
2014 |
2015 |
2016 |
2017 |
Net premiums written |
$477.0 |
$497.0 |
$514.4 |
$528.3 |
$552.6 |
Percent change |
4.4% |
4.2% |
3.5% |
2.7% |
4.6% |
Premiums earned |
$467.4 |
$487.9 |
$506.0 |
$523.5 |
$540.6 |
Losses incurred |
259.4 |
277.7 |
290.7 |
317.9 |
347.5 |
Loss adjustment expenses incurred |
55.6 |
57.3 |
59.6 |
60.3 |
62.7 |
Other underwriting expenses |
134.6 |
138.3 |
144.3 |
147.6 |
151.1 |
Policyholder dividends |
2.5 |
2.4 |
2.5 |
2.3 |
2.6 |
Net underwriting gain/loss |
15.2 |
12.2 |
8.9 |
-4.7 |
-23.2 |
Net investment income |
47.3 |
46.4 |
47.2 |
46.6 |
49.0 |
Miscellaneous income/loss |
1.5 |
-2.7 |
1.5 |
1.1 |
-5.4 |
Operating income |
64.1 |
55.9 |
57.7 |
43.0 |
20.3 |
Realized capital gain |
11.4 |
10.3 |
9.4 |
7.3 |
15.1 |
Federal and foreign income tax |
12.0 |
10.3 |
10.2 |
7.4 |
-0.7 |
Net income after taxes |
63.4 |
55.9 |
56.8 |
42.9 |
36.1 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO®, a Verisk Analytics® business.
Property/Casualty Insurance Industry Income Analysis, 2014-2018 (1)
|
2014 |
2015 |
2016 |
2017 |
2018 |
Net premiums written |
$497.0 |
$514.4 |
$528.3 |
$552.6 |
$612.6 |
Percent change |
4.2% |
3.5% |
2.7% |
4.6% |
10.8% |
Premiums earned |
$487.9 |
$506.0 |
$523.5 |
$540.6 |
$594.1 |
Losses incurred |
277.7 |
290.7 |
317.9 |
347.6 |
360.9 |
Loss adjustment expenses incurred |
57.3 |
59.6 |
60.3 |
62.7 |
63.3 |
Other underwriting expenses |
138.3 |
144.3 |
147.6 |
151.0 |
167.0 |
Policyholder dividends |
2.4 |
2.5 |
2.3 |
2.6 |
3.0 |
Net underwriting gain/loss |
12.2 |
8.9 |
-4.7 |
-23.3 |
-0.1 |
Net investment income |
46.4 |
47.2 |
46.6 |
48.9 |
55.3 |
Miscellaneous income/loss |
-2.7 |
1.5 |
1.1 |
-5.2 |
1.4 |
Operating income |
55.9 |
57.7 |
43.0 |
20.3 |
56.6 |
Realized capital gain |
10.3 |
9.4 |
7.3 |
15.1 |
10.4 |
Federal and foreign income tax |
10.3 |
10.2 |
7.4 |
-0.6 |
7.0 |
Net income after taxes |
55.9 |
56.8 |
42.9 |
36.1 |
60.0 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO®, a Verisk Analytics® business.
Property/Casualty Insurance Industry Income Analysis, 2015-2019 (1)
|
2015 |
2016 |
2017 |
2018 |
2019 |
Net premiums written |
$514.4 |
$528.3 |
$552.6 |
$612.2 |
$634.0 |
Percent change |
3.5% |
2.7% |
4.6% |
10.8% |
3.6% |
Premiums earned |
$506.0 |
$523.5 |
$540.6 |
$593.6 |
$621.9 |
Losses incurred |
290.7 |
317.9 |
347.6 |
360.7 |
374.0 |
Loss adjustment expenses incurred |
59.6 |
60.3 |
62.7 |
63.3 |
68.1 |
Other underwriting expenses |
144.3 |
147.6 |
151.0 |
166.9 |
172.3 |
Policyholder dividends |
2.5 |
2.3 |
2.6 |
3.0 |
3.8 |
Net underwriting gain/loss |
8.9 |
-4.7 |
-23.3 |
-0.2 |
3.7 |
Net investment income |
47.2 |
46.6 |
48.9 |
55.3 |
54.4 |
Miscellaneous income/loss |
1.5 |
1.1 |
-5.2 |
1.4 |
1.4 |
Operating income |
57.7 |
43.0 |
20.3 |
56.6 |
59.5 |
Realized capital gain |
9.4 |
7.3 |
15.1 |
10.3 |
10.4 |
Federal and foreign income tax |
10.2 |
7.4 |
-0.6 |
7.3 |
8.5 |
Net income after taxes |
56.8 |
42.9 |
36.1 |
59.6 |
61.4 |
|
(1) Data in this chart exclude state funds and other residual market insurers and may not agree with similar data shown elsewhere from different sources.
Source: ISO®, a Verisk Analytics® business.
Property/Casualty Insurance Industry Income Analysis, 2016-2020
|
2016 |
2017 |
2018 |
2019 |
2020 |
Net premiums written |
$534.0 |
$558.4 |
$618.3 |
$639.5 |
$655.5 |
Percent change |
2.6% |
4.6% |
10.7% |
3.4% |
2.5% |
Premiums earned |
$529.2 |
$546.4 |
$599.7 |
$627.3 |
$642.7 |
Losses and loss adjustment expenses incurred |
382.5 |
414.7 |
428.3 |
445.6 |
450.8 |
Other underwriting expenses |
148.0 |
151.1 |
167.7 |
172.5 |
179.3 |
Policyholder dividends |
2.9 |
3.3 |
3.7 |
4.9 |
7.7 |
Net underwriting gain/loss |
-2.4 |
-20.8 |
2.6 |
7.8 |
11.9 |
Net investment income |
47.5 |
49.7 |
57.0 |
56.3 |
53.4 |
Miscellaneous income/loss |
-2.4 |
-9.0 |
-2.4 |
-2.5 |
-1.9 |
Operating income |
43.1 |
20.2 |
57.3 |
60.5 |
59.0 |
Realized capital gain |
8.5 |
19.6 |
10.7 |
11.0 |
10.4 |
Federal income tax |
7.3 |
-0.8 |
7.2 |
8.5 |
8.7 |
Net income after taxes |
44.3 |
40.6 |
60.8 |
63.1 |
60.7 |
|
Source: NAIC data, sourced from S&P Global Market Intelligence; Insurance Information Institute.
Property/Casualty Insurance Industry Income Analysis, 2017-2021
|
2017 |
2018 |
2019 |
2020 |
2021 |
Net premiums written |
$558.4 |
$618.3 |
$639.5 |
$655.5 |
$715.4 |
Percent change |
4.6% |
10.7% |
3.4% |
2.5% |
9.1% |
Premiums earned |
$546.4 |
$599.7 |
$627.3 |
$642.7 |
$690.2 |
Losses and loss adjustment expenses incurred |
414.7 |
428.3 |
445.6 |
450.8 |
500.6 |
Other underwriting expenses |
151.1 |
167.7 |
172.5 |
179.3 |
188.8 |
Policyholder dividends |
3.3 |
3.7 |
4.9 |
7.7 |
4.6 |
Net underwriting gain/loss |
-20.8 |
2.6 |
7.8 |
11.9 |
-0.4 |
Net investment income |
49.7 |
57.0 |
56.3 |
53.4 |
56.0 |
Miscellaneous income/loss |
-9.0 |
-2.4 |
-2.5 |
-1.9 |
0.5 |
Operating income |
20.2 |
57.3 |
60.5 |
59.0 |
54.6 |
Realized capital gain |
19.6 |
10.7 |
11.0 |
10.4 |
17.9 |
Federal income tax |
-0.8 |
7.2 |
8.5 |
8.7 |
9.1 |
Net income after taxes |
40.6 |
60.8 |
63.1 |
60.7 |
63.4 |
|
Source: NAIC data, sourced from S&P Global Market Intelligence; Insurance Information Institute.
Property/Casualty Insurance Industry Income Analysis, 2018-2022
|
2018 |
2019 |
2020 |
2021 |
2022 |
Net premiums written |
$618.3 |
$639.9 |
$655.8 |
$715.7 |
$775.1 |
Percent change |
10.7% |
3.5% |
2.5% |
9.1% |
8.3% |
Premiums earned |
$599.8 |
$627.7 |
$643.0 |
$689.8 |
$745.8 |
Losses and loss adjustment expenses incurred |
428.2 |
446.0 |
451.0 |
500.6 |
567.6 |
Other underwriting expenses |
167.6 |
172.6 |
179.4 |
188.5 |
199.0 |
Policyholder dividends |
3.7 |
4.9 |
7.7 |
4.6 |
3.2 |
Net underwriting gain/loss |
3.1 |
7.9 |
12.1 |
-0.3 |
-22.4 |
Net investment income |
57.0 |
56.5 |
53.5 |
56.1 |
71.3 |
Miscellaneous income/loss |
-2.4 |
-2.5 |
-1.9 |
0.1 |
-1.6 |
Operating income |
57.7 |
60.9 |
59.3 |
54.7 |
47.8 |
Realized capital gain |
10.7 |
11.0 |
10.7 |
17.5 |
-3.5 |
Federal income tax |
7.3 |
8.5 |
8.7 |
9.1 |
6.1 |
Net income after taxes |
61.1 |
63.4 |
61.3 |
63.2 |
38.2 |
|
Source: NAIC data, sourced from S&P Global Market Intelligence; Insurance Information Institute.