P&C insurers racked up $3bn underwriting loss in 2021: AM Best
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P&C insurers racked up $3bn underwriting loss in 2021: AM Best

Farhin Lilywala
June 13, 2022
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US property and casualty insurers incurred a $3bn underwriting loss in 2021, especially in the private passenger and commercial auto segments, driven by unabating loss severity, according to an AM Best report.

Although P&C insurers had 9% premium growth, the underwriting loss in 2021 follows a $4.4bn underwriting gain in 2020, the report said.

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Topics

News Casualty/GL Commercial auto Personal auto Claims and losses Lines of business
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Farhin Lilywala
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