US Property-Casualty Reinsurers Reported Premium Growth in 2022
March 16, 2023
A group of US property-casualty reinsurers wrote $81.0 billion of net premiums during the 12 months ending December 31, 2022, according to the Reinsurance Association of America (RAA).
The 2022 premiums were up from $74.6 billion written in 2021, the RAA said.
The RAA data is based on a survey of the reinsurers' statutory underwriting results.
The group of reinsurers reported $97.8 billion in gross written premiums in 2022, up from $93.9 billion in 2021.
The reinsurers' combined ratio was 99.8 percent in 2022, unchanged from 2021, the RAA said. The 2022 combined ratio included a 76.5 percent loss ratio, up from 75.3 percent in 2021, and a 23.3 percent expense ratio, down from 24.5 percent a year earlier.
The reinsurers' policyholders' surplus was $254.4 billion at year-end 2022, up from $239.0 billion in the third quarter, according to the RAA.
March 16, 2023
