US Property-Casualty Reinsurers' Net Premiums Grew in First Quarter
June 03, 2022
A group of 17 US property-casualty reinsurers wrote $22.7 billion of net premiums during the first quarter of this year, an increase from $17.9 billion during the same period in 2021, according to the Reinsurance Association of America (RAA).
The RAA data is based on a survey of the reinsurers' statutory underwriting results.
The group's combined ratio improved to 95.1 percent in the first quarter of 2022 from 98.4 percent for the same period last year. The RAA said the group's combined ratio was attributable to a 73.3 percent loss ratio during the first 3 months of this year versus 73.9 percent in 2021 and an expense ratio of 21.8 percent during this year's first quarter versus 24.5 percent during last year's first 3 months.
The reinsurers' policyholders' surplus was $292.2 billion at the end of this year's first quarter, up from $289.6 billion on December 31, 2022.
The RAA's underwriting reports for this year's first quarter and previous quarters are available on the organization's website.
June 03, 2022
