Thursday, June 29, 2006

U.S. P/C Industry Posts Record 1Q Profits; Net Gain on Underwriting Rises Nearly 21%

June 28, 2006
The Insurance Journal

"The U.S. property/casualty industry's net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio -- a key measure of losses and other expenses per dollar of premium -- improved to 91.2 percent from 92.2 percent..."