Insurers See Record Profits In Q1 2015

Profitability in the property/casualty insurance industry reached historic heights during the first quarter of 2015, according to a new report from Verisk Analytics’ ISO and the Property Casualty Insurers Association of America. Despite challenging obstacles such as a severe winter, slackening economic growth and low interest rates, P/C insurers managed to bring in $18.2 billion in net income during the first part of the year. That exceeds the previous high for a first calendar quarter by $3.8 billion and represents the highest first quarter net income in a generation since ISO began tracking performance in the mid-80s.