Insurers' premium growth narrowed to 3.7% in 1994
Article Abstract:
The annual growth rate in net premiums written by property and casualty insurers fell to 3.7% in 1994, down from 5.9% in the previous year. The ten largest insurers were the same as in 1993 and accounted for $97.6 billion, 40% of the industry's total net premiums. State Farm Group was again ranked first in the industry, with $32 billion in net premiums. Integon Corp. showed the largest gain within the top 250 companies, with a premium growth rate of 20.3% advancing it from 124th to 80th place. Direct writers account for 44% of premium volume, an increase of 35% over the past five years, while agency writers account for 49%.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
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Industry 'weathers' cats, posts improved earnings
Article Abstract:
The property and casualty insurance industry was aided by strong financial markets and posted an after-tax income gain of $20.35 billion in 1995. Pretax operating income was $19.14 billion, a 67% increase over the previous year. These increases were achieved despite a poor 4th qtr in which catastrophe losses totaled $2.6 billion. The combined ratio in the 4th qtr was 109.2, down from 114.1 in the same qtr 1994.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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Underwriting losses increased 21.6% in 1994
Article Abstract:
The commercial multiple-peril insurance industry has not had an underwriting gain since 1988 when it reached $802.3 million. Losses for 1994 were $3.41 billion, an increase of 21.6% over losses in 1993 of $2.81 billion. Investment income has increased from $1.41 billion in 1988 to $2 billion in 1994. State Farm was the top writer of commercial multiple-peril insurance policies.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1995
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