In addition, policyholder surplus fell 20.9%, to $59.57 billion, compared with the group reporting a year earlier, according to the RAA.
This year's 95.5% combined ratio reflects a 68.1% loss ratio and a 27.4% combined ratio expense ratio, according to the RAA.
Net premiums written increased 3.5%, to $7.04 billion, in the quarter that ended March 31. This compares with a 1% increase reported by reinsurers for first quarter of 2008 vs. the comparable period in 2007.