PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2009-2013 (1)

($ billions)

  2009 2010 2011 2012 2013
Net written premiums $418.4 $423.8 $438.0 $456.7 $477.7
     Percent change -3.8% 1.3% 3.4% 4.3% 4.6%
Earned premiums $422.3 $422.2 $434.4 $448.9 $467.9
Losses incurred 253.8 257.7 290.8 277.7 259.3
Loss adjustment expenses incurred 52.5 52.9 53.8 55.5 55.7
Other underwriting expenses 117.0 119.8 124.2 128.9 134.8
Policyholder dividends 2.0 2.3 1.9 2.1 2.5
Underwriting gain/loss -3.0 -10.5 -36.2 -15.4 15.5
Net investment income 47.1 47.6 49.2 48.0 47.4
Miscellaneous income/loss 0.9 1.1 2.5 2.4 1.5
Operating income/loss 45.0 38.2 15.4 35.0 64.3
Realized capital gain/loss -7.9 5.9 7.0 6.2 11.4
Federal and foreign income tax 8.4 8.8 3.0 6.1 12.0
Net income after taxes 28.7 35.2 19.5 35.1 63.8
(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.