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OPERATING RESULTS, PROPERTY/CASUALTY INSURANCE, 2001-2010 (1)

($ millions)

Year Net underwriting gain/loss Net investment income earned Net realized capital gains Policyholder dividends Taxes (2) Net income after taxes (3)
2001 -$50,260 $38,431 $6,830 $2,376 -$143 -$6,055
2002 -28,824 39,511 3,009 1,977 1,882 8,834
2003 -3,508 39,656 6,422 1,910 10,621 30,033
2004 5,365 40,515 9,098 1,818 14,517 38,404
2005 -3,788 50,127 12,096 1,986 10,745 46,761
2006 34,750 53,142 3,577 3,611 22,503 66,448
2007 21,638 56,499 9,022 2,764 19,859 63,619
2008 -19,625 53,133 -20,106 2,189 7,887 3,709
2009 1,454 48,402 -7,796 2,133 8,644 32,203
2010 -8,348 48,465 7,830 2,702 8,884 37,378

(1) Excludes state funds.
(2) Includes federal and foreign taxes.
(3) Does not equal the sum of the columns shown due to the omission of miscellaneous income.

Source: SNL Financial LC.