Property/Casualty Insurance Industry Income Analysis, 2013-2017 (1)

($ billions)

  2013 2014 2015 2016 2017
Net premiums written  $477.0 $497.0 $514.4 $528.3 $552.6
     Percent change 4.4% 4.2% 3.5% 2.7% 4.6%
Premiums earned  $467.4 $487.9 $506.0 $523.5 $540.6
Losses incurred 259.4 277.7 290.7 317.9 347.5
Loss adjustment expenses incurred 55.6 57.3 59.6 60.3 62.7
Other underwriting expenses 134.6 138.3 144.3 147.6 151.1
Policyholder dividends 2.5 2.4 2.5 2.3 2.6
Net underwriting gain/loss 15.2 12.2 8.9 -4.7 -23.2
Net investment income 47.3 46.4 47.2 46.6 49.0
Miscellaneous income/loss 1.5 -2.7 1.5 1.1 -5.4
Operating income 64.1 55.9 57.7 43.0 20.3
Realized capital gain 11.4 10.3 9.4 7.3 15.1
Federal and foreign income tax 12.0 10.3 10.2 7.4 -0.7
Net income after taxes 63.4 55.9 56.8 42.9 36.1
(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.