Premium Growth Slows and Combined Ratio Creeps Up for Property/Casualty Insurers in 2015
JERSEY CITY, N.J., May 16, 2016 — Private U.S. property/casualty insurers saw their net written premium growth slow to 3.4 percent in 2015 from 4.2 percent a year earlier, while their net income after taxes grew to $56.6 billion in 2015 from $55.9 billion in 2014, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI). Insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus remained virtually unchanged at 8.4 percent, even though their combined ratio deteriorated to 97.8