Property/Casualty Insurance Industry Income Analysis, 2014-2018 (1)

($ billions)

  2014 2015 2016 2017 2018
Net premiums written  $497.0 $514.4 $528.3 $552.6 $612.6
     Percent change 4.2% 3.5% 2.7% 4.6% 10.8%
Premiums earned  $487.9 $506.0 $523.5 $540.6 $594.1
Losses incurred 277.7 290.7 317.9 347.6 360.9
Loss adjustment expenses incurred 57.3 59.6 60.3 62.7 63.3
Other underwriting expenses 138.3 144.3 147.6 151.0 167.0
Policyholder dividends 2.4 2.5 2.3 2.6 3.0
Net underwriting gain/loss 12.2 8.9 -4.7 -23.3 -0.1
Net investment income 46.4 47.2 46.6 48.9 55.3
Miscellaneous income/loss -2.7 1.5 1.1 -5.2 1.4
Operating income 55.9 57.7 43.0 20.3 56.6
Realized capital gain 10.3 9.4 7.3 15.1 10.4
Federal and foreign income tax 10.3 10.2 7.4 -0.6 7.0
Net income after taxes 55.9 56.8 42.9 36.1 60.0
(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.