US tax cuts represent a mixed bag for insurers


The insurance industry in the US will see overall benefits from the reduced corporate tax rate as a result of The Tax Cuts and Jobs Act, once it is signed into law; however, partially offsetting the benefits are certain revenue enhancements that will impact life and property/casualty (P/C) companies. In particular, a repeal of all net operating loss carrybacks could reduce total adjusted and risk-based capital for life insurers, according to a new AM Best briefing.

AM Best, US Tax Cuts and Jobs Act, Property, Casualty, Life, Insurance, Reinsurance, North America

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