The tenor of the P&C industry’s overall health is upbeat following a financial report issued by the Insurance Services Office Inc. (ISO) and the Property Casualty Insurers Association of America (PCI).
The report states that private U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus — a key measure of overall profitability — increasing to 6.5% from 5.9%.
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