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Solid finish to 2007.

A strong fourth quarter capped another solid year for U.S. P/C insurers, but 2007 fell short of 2006's record year. Net premiums written fell almost 1% in '07, the first drop in NPW since 1943. The industry's combined net ratio was 94.9. (A.M. Best 2008 Special Report, P/C Insurers Post Strong Results, April 21, 2008)
U.S. Property/Casualty--Financial
Indicators 2007
($ Billions)
 Year-to-Year
 2006 2007 % Change

Net Premiums Written $449.8 $446.0 -0.9%
Net Premiums Earned 441.1 444.5 0.8%
Pure Losses Incurred 234.5 246.9 5.3%
Loss-Adjustment Expenses 53.0 52.9 -0.2%
 Losses & LAE 287.5 299.8 4.3%
Underwriting Expenses 118.0 119.9 1.6%
Policyholder Dividends 3.6 2.7 -23.6%
 Underwriting Income/(Loss) 32.0 22.1 -30.9%
Net Investment Income 55.2 56.4 2.3%
Other Income 2.6 (1.0) --
 Pretax Operating Income/(Loss) 89.8 77.5 -13.7%
Realized Capital Gains 3.5 8.8 --
Federal Income Taxes 22.0 19.8 -9.7%
 Net Income 71.3 66.5 -6.8%
Beginning Policyholder Surplus
(PHS) at Prior Year End 437.5 492.8 12.6%
Net Income 71.3 66.5 -6.8%
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Title Annotation:By the Numbers: Recently published Special Reports from A.M. Best Company
Publication:Best's Review
Article Type:Brief article
Geographic Code:1USA
Date:Jun 1, 2008
Words:210
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