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RAA Releases Six Months 2010 Underwriting Results, Shows Decline in Premiums

Posted on 31 Aug 2010

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In a survey of reinsurers' statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 19 U. S. property casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from the $12.8 billion net premiums written in the first six months of 2009.

The combined ratio for the group was 98.7%, deteriorating from the 93.8% combined ratio reported for the same period in 2009. The combined ratio is attributable to a 68.9% loss ratio and an expense ratio of 29.8 %. Policyholders’ surplus was $99.7 billion, down from the $101.3 billion at March 31, 2010.