Property/Casualty Insurance Industry Income Analysis, 2012-2016 (1)

($ billions)

  2012 2013 2014 2015 2016
Net premiums written $456.7 $477.0 $497.0 $514.4 $528.2
     Percent change 4.3% 4.4% 4.2% 3.5% 2.7%
Premiums earned  $448.9 $467.4 $487.9 $506.0 $523.5
Losses incurred 277.7 259.4 277.7 290.7 318.0
Loss adjustment expenses incurred 55.5 55.6 57.3 59.6 60.3
Other underwriting expenses 128.9 134.6 138.3 144.3 147.6
Policyholder dividends 2.1 2.5 2.4 2.5 2.3
Net underwriting gain/loss -15.4 15.2 12.2 8.9 -4.7
Net investment income 48.0 47.3 46.4 47.2 46.3
Miscellaneous income/loss 2.4 1.5 -2.7 1.5 1.0
Operating income 35.0 64.1 55.9 57.7 42.6
Realized capital gain 6.2 11.4 10.3 9.4 7.3
Federal and foreign income tax 6.1 12.0 10.3 10.2 7.3
Net income after taxes 35.1 63.4 55.9 56.8 42.6
(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.