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Property/Casualty Insurance Industry’s Net Income Drops 30.3 Percent in Nine-Months 2017
January 26, 2018

JERSEY CITY, N.J., January 26, 2018 — The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in nine-months 2017 from $32.1 billion in nine-months 2016—a 30.3 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall to 4.2 percent from 6.3 percent, according to ISO, a Verisk (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI)....