Financial Results

Property/Casualty Insurance Industry Suffered Largest-Ever Drop in Surplus in the First Quarter of 2020

The surplus for the private U.S. property/casualty insurance industry dropped by $75.9 billion in the first quarter of 2020—its largest-ever quarterly decline—as the stock market suffered a major downturn, according to Verisk (Nasdaq:VRSK), a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA). Since then, the COVID-19 pandemic has continued to affect many insurers and will likely impact underwriting results for the second quarter and the remainder of the year.

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The documents below provide background on the insurance industry's financial results.

Property/Casualty Insurance Industry Suffered Largest-Ever Drop in Surplus in the First Quarter of 2020
The surplus for the private U.S. property/casualty insurance industry dropped by $75.9 billion in the first quarter of 2020—its largest-ever quarterly decline—as the stock market suffered a major downturn, according to Verisk (Nasdaq:VRSK), a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA).

Property/Casualty Insurers Had Solid Results Last Year, but Face Considerable Challenges in 2020 Due to COVID-19
The private U.S. property/casualty insurance industry had solid results in 2019, with increases in net income, unde...  more >

Property/Casualty Insurers See Increase in Net Underwriting Gains and Record Surplus in the First Nine Months of 2019
The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first ...
 
Property/Casualty Insurance Industry’s Surplus Sets New Record in First-Half 2019 as Stock Market Recovers from Downturn
Private U.S. property/casualty insurers’ surplus reached a new record of $802.2 billion in the first half of 2019, ...