Insurance Industry - Key trends
U.S. insurance premiums totaled $955.6 billion in 2005, versus $956.9 billion in 2004. The 2006 total gross premiums were approximately $1,200 billion.
Non-life insurance accounted for 54.8% of total gross premiums written in 2006.
The transaction value of insurance-related mergers and acquisitions totaled $32.7 billion in 2005, versus $14.2 billion in 2004.
There were 2,725 property/casualty insurance companies in the United States in 2005, versus 2,700 in 2004.
The property/casualty insurance industry’s rate of return on a statutory basis was 10.4% in 2005, versus 9.3% in 2004.
The property/casualty insurance industry had after-tax net income of $46.9 billion in 2005, versus $38.4 billion dollars in 2004.
Insured catastrophe losses totaled $9.2 billion in 2006, versus $61.8 billion in 2005, the highest on record.
Source: investor.reuters.com, iii.org


