PROPERTY/CASUALTY INSURANCE INDUSTRY INCOME ANALYSIS, 2010-2014 (1) |
($ billions)
|
|
2010 |
2011 |
2012 |
2013 |
2014 |
Net premiums written |
$423.8 |
$438.0 |
$456.7 |
$477.0 |
$496.6 |
Percent change |
1.3% |
3.4% |
4.3% |
4.4% |
4.1% |
Premiums earned |
$422.2 |
$434.4 |
$448.9 |
$467.4 |
$487.6 |
Losses incurred |
257.7 |
290.8 |
277.7 |
259.4 |
277.4 |
Loss adjustment expenses incurred |
52.9 |
53.8 |
55.5 |
55.6 |
57.3 |
Other underwriting expenses |
119.8 |
124.2 |
128.9 |
134.6 |
138.1 |
Policyholder dividends |
2.3 |
1.9 |
2.1 |
2.5 |
2.5 |
Net underwriting gain/loss |
-10.5 |
-36.2 |
-15.4 |
15.2 |
12.3 |
Net investment income |
47.6 |
49.2 |
48.0 |
47.3 |
46.2 |
Miscellaneous income/loss |
1.1 |
2.5 |
2.4 |
1.5 |
-2.8 |
Operating income |
38.2 |
15.4 |
35.0 |
64.1 |
55.6 |
Realized capital gains |
5.9 |
7.0 |
6.2 |
11.4 |
10.1 |
Federal and foreign income tax |
8.8 |
3.0 |
6.1 |
12.0 |
10.2 |
Net income after taxes |
35.2 |
19.5 |
35.1 |
63.4 |
55.5 |
(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® business. |
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