The property/casualty industry withstood the global financial crisis reasonably well, according to Fitch Ratings. In its recent report, “Property/Casualty Insurers’ Financial Leverage and Debt-Servicing Capacity,” the firm analyzed key holding company financial factors of U.S. property/casualty insurance organizations, examining changes in financial leverage and debt-servicing capacity for the last several years and in 2009.
After analyzing 10-K filing data from all publicly traded property/casualty insurers in Fitch's debt rating universe, the firm found that most companies experienced solid operating earnings and a significant recovery in investment portfolios in 2009, which led to a material increase in reported GAAP shareholders’ equity and, thus a decline in financial leverage for Fitch Ratings’ property/casualty insurer universe, in aggregate.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access