US P/C insurers eye relief after tough 2023: Fitch

US property/casualty (P/C) insurers will see some relief in the coming year following a rough 2023 as a personal auto line recovery contributes to statutory profit improvement, according to Fitch Ratings in its 2024 sector outlook report.

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Insurance

US P/C insurers report jump in profits

17 January 2019 Private US property/casualty insurers reported a $4.7 billion net underwriting gain in the first nine-months of 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier, according to data by Verisk unit ISO and the American Property Casualty Insurance Association (APCI).

Insurance

US P&C sector makes $5.3bn underwriting profit in H1

24 August 2018 The US property/casualty industry’s net underwriting income improved in the first half of 2018 to $5.3 billion, compared with a $5.0 billion underwriting loss in the same prior-year period, according to data by AM Best.

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US P/C insurers eye relief after tough 2023: Fitch

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