P/C profit 2012 News

Underwriting and operating results for the U.S. property/casualty (P/C) industry improved substantially in 2012 compared with 2011. Net income increased by nearly 52 percent to $39.9 billion from $26.3 billion, reflecting lower underwriting losses and modestly increased net investment income …

Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions. Fitch Ratings’ compilation of full-year GAAP 2012 financial results for a group of 48 …