Property/Casualty Insurance Industry Income Analysis, 2011-2015 (1)

($ billions)

  2011 2012 2013 2014 2015
Net premiums written  $438.0 $456.7 $477.0 $497.0 $514.0
     Percent change 3.4% 4.3% 4.4% 4.2% 3.4%
Premiums earned  $434.4 $448.9 $467.4 $487.9 $505.8
Losses incurred 290.8 277.7 259.4 277.7 290.6
Loss adjustment expenses incurred 53.8 55.5 55.6 57.3 59.6
Other underwriting expenses 124.2 128.9 134.6 138.3 144.3
Policyholder dividends 1.9 2.1 2.5 2.4 2.5
Net underwriting gain/loss -36.2 -15.4 15.2 12.2 8.7
Net investment income 49.2 48.0 47.3 46.4 47.2
Miscellaneous income/loss 2.5 2.4 1.5 -2.7 1.4
Operating income 15.4 35.0 64.1 55.9 57.3
Realized capital gain 7.0 6.2 11.4 10.3 9.4
Federal and foreign income tax 3.0 6.1 12.0 10.3 10.1
Net income after taxes 19.5 35.1 63.4 55.9 56.6
(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.