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Back to normal for insurers to damage americans, according to A.M. Best

by

Hubert Roy

November 30, 2018 13:30

Photo : Freepik

The financial results of property and casualty insurers, americans have experienced an improvement during the first nine months of 2018, compared to those recorded in 2017. This is one ofA.M. Best, that have generated the results of insurers south of the border. The study of the firm’s rating covers 97 % of the u.s. market.

After a bad start, this industry has more than doubled its net income during the two periods of comparison. After nine months in 2017, the industry of property and casualty insurance in the United States had a net profit of $ 22 million (M$), with a combined ratio $ 104.3 %. In 2018, the net income of the industry after nine months is$ 49.1 Million, with a combined ratio of 97.6 %.

 

 

The weight of the disaster

For the analysts at A. M. Best, these figures are a return to normal for the insurance industry, damage the us. They recall that during the first nine months of 2017, the american insurers had suffered several natural disasters, which has not been the case in 2018.

Can we expect an improvement of the results of property and casualty insurers, u.s. in 2018 ? After nine months, they have earned more money than the total in 2017, then they had achieved a net profit of$ 36 Million as at 31 December.

The uncertainty is that the list of disasters in the last quarter of 2018, ranging from hurricanes on the east coast to wildfires in California. Remains to be seen what will be the impact on their finances…

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