Investments More Important Than Ever for P/C Insurers: 105 Combined Ratio Last Year
via Best’s Market Segment Report
The next time someone at your insurer says, 'Investments are not as important as insurance premiums and underwriting,' you can point to this from A.M. Best - 105 P/C combined ratio means more reliance on investment yield and performance than ever before.
"Overall, surplus grew 2.5% in 2017, down from 4.3% in 2016 and the second lowest growth in any of the past five years. A.M. Best projects surplus growth of 2.0% for 2018, primarily as a result of lower underwriting losses and modest growth in investment income. This modest change reinforces the impact of realized and unrealized capital gains on surplus growth in recent years, as A.M. Best does not project these items."