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FOR IMMEDIATE RELEASE
NAIC RELEASES REPORT ON PROFITABILITY BY LINE, BY
STATE IN 2011
Report Contains Key Ratios on Profitability Results for the Property
and Casualty Insurance Industry on a Countrywide and State Basis
WASHINGTON, D.C. (Jan. 4, 2013) — The National
Association of Insurance Commissioners (NAIC) today released the Report
on Profitability by Line by State in 2011. The report estimates and
allocates profitability in property/casualty insurance by state and by line
of insurance. The ability to analyze results in this way enhances
transparency on the financial impact that the economic climate has had on
each of these lines. Combined with other information, this can be utilized
in further analysis of competition and market performance.
The Report on Profitability By Line By State in 2011 combines
calendar year data from certain exhibits of the annual statement to develop
estimates of profits on earned premium and the return on net worth by line
and by state. The report also shows the various components of estimated
profits including: premiums earned; losses incurred; loss adjustment
expense; general expenses; selling expenses; state taxes, licenses and
fees; dividends to policyholders; changes in premium deficiency reserves;
underwriting profits; investment income and federal income taxes. As
fluctuations in calendar year financial results occur, long-term historical
averages are also provided.
Click HERE
to view a sample of the report. The complete report is also available for
purchase through the NAIC Store.
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