May 23, 2019 09:30
Photo : Freepik
The year 2019 is beginning of a beautiful way for property and casualty insurers in the United States.
In the first quarter of 2019, they totaled a benefit of subscription of a 24 per cent higher than that recorded a year earlier, during the first quarter of 2018. It is this that reveals the firm’s rating A.M. Best in its report, First Look -3 Month Property/Casualty Financial Results.
Even if they are more cost-effective, this does not mean, however, that they have covered fewer claims. The proof, the combined ratio of the industry was 96.5 % during the first quarter of 2019. This is an increase of 1.3 percentage point compared to the first quarter of 2018.
This is, in part, to the level of their investments that u.s. insurers have improved their profitability. Income from investment increased by 16.2 % in the first quarter of 2019, to reach to 17.8 billion US dollars. This is an increase of US $ 1.4 billion compared to the first quarter of 2018.
After the tax deductions and the reduction of certain capital gains, it is an amount of us $ 400 million of that property and casualty insurers in the United States are put into their pockets for the first three months of 2019, with a total net profit of 16.9 billion US$.
The study of A. M. Best covers the results of 92 % of the us market for property and casualty insurance.