P/C INSURANCE INDUSTRY INCOME ANALYSIS, 2005-2009 (1)

($ billions)

  2005 2006 2007 2008 2009
Net written premiums $425.5 $443.5 $440.6 $434.9 $419.0
     Percent change 0.3% 4.2% -0.6% -1.3% -3.7%
Earned premiums $417.6 $435.5 $438.9 $438.3 $422.9
Losses incurred 256.5 231.3 244.7 286.3 254.0
Loss adjustment expenses incurred 55.1 52.6 52.3 51.7 52.7
Other underwriting expenses 109.8 117.1 120.1 119.6 117.3
Policyholder dividends 1.9 3.4 2.4 2.0 2.0
Underwriting gain/loss -5.6 31.1 19.3 -21.2 -3.1
Investment income 49.7 52.3 55.1 51.5 47.0
Miscellaneous income/loss 1.0 1.2 -1.0 0.4 0.8
Operating income/loss 45.1 84.6 73.4 30.6 44.7
Realized capital gains/losses 9.7 3.5 8.9 -19.8 -8.0
Incurred federal income taxes/credit 10.7 22.4 19.8 7.8 8.4
Net income after taxes 44.2 65.8 62.5 3.0 28.3

(1) Data in this chart may not agree with similar data shown elsewhere due to different sources.

Source: ISO.