| Property/Casualty Insurance Industry Income Analysis, 2014-2018 (1) |
($ billions)
|
| |
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庐, a Verisk Analytics庐 business. |
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