WASHINGTON (Sept. 26, 2019) — The National Association of Insurance Commissioners (NAIC) has released data on property and casualty (P&C) insurance companies. The report is broken into three sections: Annual Statement Financial Data; State, Territory, and Aggregate Other Alien Insurance Data; and Selected Data Elements from Company and Combined Statements.
Highlights from the report include:
- Direct written premium in 2018 ($677,382,129,000) is up 40.7% from 2009.
- P&C industry surplus is $779 billion, up from $556 billion in 2009.
- The combined ratio in 2018 of 99.3% indicates an industry-wide underwriting profit for the year.
- The largest line of business in the P&C industry is private passenger auto with 36.4%, (includes liability and physical damage coverage) of total industry direct written premium. Homeowners premium makes up 14.6% of total industry direct written premium.
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