2018 – Commentary on first nine months financial results

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The property/casualty industry’s financial results for the first three quarters of 2018 were quite profitable. This year’s $49.5 billion net income after taxes was the highest since the Great Recession


2018 – Commentary on year-end financial results

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Highlights For the property/ casualty (P/C) insurance industry, 2018 was a successful year, but “normal” frames of reference were hard to come by. Net premium income appeared to grow sharply,


2019 – Commentary on first quarter financial results

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For the property/casualty (P/C) insurance industry, the first quarter of 2019 generally went well. Although there were some bumps in the road—claims rose somewhat faster than premiums—most measures of financial


2019 – Commentary on first half financial results

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Compared to the first half of 2018, the net premium written in the first half of 2019 rose slightly (up 1.0 percent), and the net premium earned rose more (up


2019 – Commentary on first nine months financial results

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Highlights The property/casualty industry’s financial results for the first three quarters of 2019 were quite profitable. This year’s $48.1 billion net income after taxes was the second-highest in the last


2020 – Commentary on first quarter financial results

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2020 first-quarter data in comparison to both the previous quarter and the first quarter of prior years, gave little hint of the shock that was to follow in 2020’s second


2020 – Commentary on first half financial results

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The second quarter of 2020—which delivered the fastest descent into the steepest U.S. economic contraction since the Great Depression—was not nearly as tough for the financial performance of the property/casualty


Background on: Insurance accounting

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Overview Accounting is a system of recording, analyzing, and reporting an organization’s financial status. In the United States, all corporate accounting and reporting is governed by a common set of


Background on: Reinsurance

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Overview Reinsurance is insurance for insurance companies. It’s a way of transferring some of the financial risk insurance companies assume in insuring cars, homes, and businesses to another insurance company,


Facts + Statistics: Catastrophe bonds and other insurance-linked securities

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The Securitization Of Insurance Risk: Insurance-Linked Securities Catastrophe (cat) bonds are a form of insurance-linked securities (ILS), also known as insurance securitization, where insurers transfer risk, usually from a catastrophe