Property/Casualty Insurance Industry Income Analysis, 2015-2019 (1)

($ billions)

  2015 2016 2017 2018 2019
Net premiums written  $514.4 $528.3 $552.6 $612.2 $634.0
     Percent change 3.5% 2.7% 4.6% 10.8% 3.6%
Premiums earned  $506.0 $523.5 $540.6 $593.6 $621.9
Losses incurred 290.7 317.9 347.6 360.7 374.0
Loss adjustment expenses incurred 59.6 60.3 62.7 63.3 68.1
Other underwriting expenses 144.3 147.6 151.0 166.9 172.3
Policyholder dividends 2.5 2.3 2.6 3.0 3.8
Net underwriting gain/loss 8.9 -4.7 -23.3 -0.2 3.7
Net investment income 47.2 46.6 48.9 55.3 54.4
Miscellaneous income/loss 1.5 1.1 -5.2 1.4 1.4
Operating income 57.7 43.0 20.3 56.6 59.5
Realized capital gain 9.4 7.3 15.1 10.3 10.4
Federal and foreign income tax 10.2 7.4 -0.6 7.3 8.5
Net income after taxes 56.8 42.9 36.1 59.6 61.4
(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.