ABPA - Automotive Body Parts Association

Automotive Body Parts Association

News and Articles

CollisionWeek: U.S. Property/Casualty Insurance Industry Sees Slight Decline in Net Income During First Half of 2019

Source: CollisionWeek

Surplus sets new record as stock market recovers from downturn.

Private U.S. property/casualty insurers’ net income after taxes and underwriting gains remained strong despite small declines compared with the prior year, according to Verisk (NASDAQ:VRSK) and the American Property Casualty Insurance Association (APCIA). Net income after taxes declined to $32.8 billion for the first half of 2019 from $34.0 billion a year earlier, and net underwriting gains declined to $5.4 billion from $6.0 billion in first-half 2018.

The industry’s surplus reached a new record of $802.2 billion in the first half of 2019, pushed up by insurers’ income and unrealized… read more on the CollisionWeek website


Body Language

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