US P&C reinsurers’ net premiums and combined ratio improved on 2018
In a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 17 US property & casualty reinsurers wrote $43.4 billion of net premiums during the nine-months ended September 30, 2019, up from $43.1 in the same period in 2018.
The combined ratio for the group was 96.2 percent, an improvement from the 98.2 percent combined ratio reported for the same period in 2018. The combined ratio is attributable to a 72.0 percent loss ratio and an expense ratio of 24.3 percent. Policyholders’ surplus was $187.2 billion, an increase from $183.8 in the prior quarter.
The Reinsurance Association of America, headquartered in Washington, DC, is a trade association of property and casualty reinsurers doing business in the United States. RAA membership includes reinsurance underwriters and intermediaries licensed in the US and those that conduct business on a cross-border basis. The RAA represents its members before state, federal and international bodies.
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