Operating Results, Property/Casualty Insurance, 2012-2021 (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)
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 50,521 19,058 3,309 -690 40,875
2018 3,097 56,981 10,699 3,710 7,269 61,115
2019 7,892 56,508 11,002 4,885 8,519 63,380
2020 12,067 53,469 10,679 7,676 8,696 61,257
2021 -791 55,913 17,515 4,639 8,932 62,648
(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.