RAA Reports US Reinsurers Close 2017 with Deteriorated Combined Ratio
March 12, 2018
In a survey of reinsurers' statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 18 US property and casualty (P&C) reinsurers wrote $45.3 billion of net premiums during the 12 months that ended December 31, 2017, compared to the $41.1 billion of net premiums written (NPW) during the same period in 2016. The combined ratio for the group was 108.2 percent, deteriorating from 95.2 percent reported for the same period in 2016. The combined ratio is attributable to an 83.2 percent loss ratio and an expense ratio of 25.0 percent. Policyholders' surplus was $168.6 billion, up from $146.8 billion at the end of the third quarter of 2017.
According to the RAA website, the RAA Statutory Reinsurance Underwriting Report presents the cumulative quarterly underwriting and operating results of major US P&C reinsurers and includes premiums, losses, underwriting and expense ratios, and other financial results including the following interactive report sections.
- Quarterly underwriting report
- Profitability scatter graph
- Change in NPW heat map
- Underwriting ratio analysis graph
- Gross premiums written (GPW) compared to NPW graph
- Combined ratio rank graph
- Premium report
- Underwriting report
- Income report
Visit the RAA's website to view the 12-month underwriting reports for 2017/2016 in the Quarterly Underwriting and Operating Report. Each section of the report may be downloaded as a PDF file.
March 12, 2018
