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PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2007-2011 (1)

($ billions)

  2007 2008 2009 2010 2011
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.