PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2008-2012 (1)

($ billions)

  2008 2009 2010 2011 2012
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.