First-quarter net income after taxes for private P&C insurers in the United States increased to $14.4 billion from $10.2 billion in Q1 2012, according to quarterly data from ISO.
Insurers' annualized rate of return on average surplus climbed to 9.6 percent in first-quarter 2013 from 7.2 percent in first-quarter 2012, approaching the long-term average for the first quarter, ISO said. Insurers’ first-quarter annualized rate of return has averaged 10 percent since ISO’ began publishing the quarterly data in 1986. The average rate of return has ranged from negative 2.6 percent in 1994 to 17.9 percent in 2005.
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