OPERATING RESULTS, PROPERTY/CASUALTY INSURANCE, 2005-2014 (1)

($ millions)

Year Netunderwriting gain/loss Net investment income earned Net realized capital gain/loss Policyholder dividends Taxes (2) Net income after taxes (3)
2005 -$3,152 $49,960 $11,933 $1,974 $10,642 $47,198
2006 34,753 55,719 3,670 3,611 22,651 67,479
2007 21,637 56,320 8,817 2,814 19,857 63,138
2008 -19,810 53,430 -19,609 2,211 7,730 4,446
2009 1,579 48,640 -7,895 2,141 8,481 32,492
2010 -8,422 48,833 8,003 2,709 8,951 37,716
2011 -35,305 51,000 6,891 2,315 3,026 19,532
2012 -13,827 49,605 8,525 2,656 6,267 37,565
2013 17,528 48,781 17,193 3,018 11,948 70,039
2014 14,267 54,914 11,747 2,933 10,396 64,704
(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.