To read the full report: Year End Results.
Saturday, April 21, 2007
2006 - Year End Results for Property and Casualty Industry
The industry also turned in its best underwriting performance since 1949, with a combined ratio of 92.4. The financial performance of the property/casualty insurance industry in 2006 was generally excellent. Profits (net income after taxes) increased by $19.5 billion, or 44.3 percent, to $63.7 billion from $44.2 billion in 2005.