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.