OPERATING RESULTS, PROPERTY/CASUALTY INSURANCE, 1999-2008 (1)

($ millions)

Year Net underwriting
gain/loss
Net investment
income earned
Net realized
capital gains
Policyholder
dividends
Taxes (2) Net income
after taxes (3)
1999 -$19,909 $40,314 $13,166 $3,539 $6,011 $22,974
2000 -27,275 42,030 16,112 4,089 5,657 21,488
2001 -50,151 38,694 6,896 2,377 -109 -5,776
2002 -28,297 39,826 3,172 1,976 2,013 9,713
2003 -3,199 39,823 6,483 1,910 10,765 30,397
2004 5,558 40,399 9,076 1,818 14,585 38,359
2005 -3,470 50,302 11,971 1,986 10,733 47,176
2006 34,749 53,349 3,711 3,611 22,515 66,725
2007 21,743 56,483 8,864 2,814 19,937 63,359
2008 -19,853 53,418 -19,611 2,211 7,725 4,397
(1) Excludes state funds.
(2) Includes federal and foreign taxes.
(3) Does not equal the sum of the colums shown due to the omission of miscellaneous income.

Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.