Preliminary third-quarter statutory insurance data released by SNL Financial finds that the U.S. property/casualty industry continued to experience modest growth in premiums written while essentially breaking even on underwriting with a calendar year combined ratio of approximately 100%.
Sizable after-tax realized capital gains offset net underwriting losses in three of the previous four quarters in the property/casualty industry, reports SNL. Predicated on an initial review of its statutory insurance data for the third quarter, SNL suggests a continuation of that trend.
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