2006 - Year End Results
Thursday, April 19th, 2007 Auto Liability Property Risk Management Workers' CompensationThe property/casualty insurance industry reported an annualized statutory rate of return on average surplus of 14.0 percent in 2006, up from 10.8 percent in 2005 and the best result since 1987. The industry also turned in its best underwriting performance since 1935, with a combined ratio of 92.4. The results were released by ISO and the Property Casualty Insurers Association of America (PCI). While profitability last year was the best since 1987, industry margins may still fall short of those realized by the Fortune 500 group of companies, which is expected to turn in an average return on equity (ROE) of about 15 percent in 2006.
External References & Further Reading
http://www.iii.org/media/industry/financials/2006yearend/
