ABPA - Automotive Body Parts Association

Automotive Body Parts Association

News and Articles

Property/Casualty Insurance Industry’s Net Income Drops to $15.5 Billion in First-Half 2017


Source: CollisionWeek

Decline of over 29 percent in net income compared to 2016

The private U.S. property/casualty insurance industry saw its net income after taxes drop to $15.5 billion in first-half 2017 from $21.8 billion in first-half 2016—a 29.2 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall to 4.4 percent from 6.4 percent, according to ISO, a Verisk (NASDAQ:VRSK) business, and the Property Casualty Insurers Association of America (PCI).

The industry experienced $17.1 billion in direct catastrophe losses—$3.2 billion above the direct catastrophe losses for first-half 2016. Insurers’ combined ratio deteriorated to… read more on the CollisionWeek website

Archives

Body Language

Body Language is the official newsletter of the ABPA. Click here for more information, and to sign up for the mailing list!

Sponsors

TYC/Genera
Certified Automotive Parts Association (CAPA)
NSF Automotive
K Source - The Mirror People