Operating Results, Property/Casualty Insurance, 2011-2020 (1)

($ millions)

Year Net underwriting gain/loss Net investment income earned Net realized capital gains/losses Policyholder dividends Taxes (2) Net income after taxes (3)
2011 -$35,305 $51,000 $6,891 $2,315 $3,026 $19,532
2012 -13,872 49,657 8,548 2,656 6,267 37,573
2013 17,500 48,830 17,212 3,018 11,948 70,061
2014 14,247 54,928 11,765 2,943 10,396 64,711
2015 11,163 48,924 9,580 3,017 10,199 58,012
2016 -2,394 48,144 8,058 2,944 7,321 44,557
2017 -20,599 50,520 19,058 3,309 -690 40,875
2018 3,097 56,981 10,699 3,710 7,269 61,115
2019 8,198 56,480 10,928 4,885 8,528 63,579
2020 12,134 53,467 10,677 7,676 8,703 61,305
(1) Excludes state funds. (2) Includes federal and foreign taxes. (3) Does not equal the sum of the columns shown due to the omission of miscellaneous income. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.