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Mark1

Oct 18, 2006 - 9:37AM

More on insurer profits.

Another LONG Link...copy and paste a section at a time. This one is worth reading. The 2006 profit estimates are a bit lower than other sites.

http://www.marketwatch.com/News/Story/Story.aspx?dist=
newsfinder&siteid=google&guid=%7BBEDA0164-AD69-4269-BABE
-1B672F0DD6FF%7D&keyword=

OUTSIDE THE BOX
'Sweet are the uses of adversity'
Commentary: Are insurers reeling from disaster or reeling in the profits?

The Insurance Information Institute (III) reports that property-casualty insurance carriers in 2005 earned a record $48.8 billion and increased their surplus to over $427 billion. Industry experts are forecasting a $60 billion industry profit in 2006, and the III boasts that current underwriting performance -- the profit derived from premiums minus claims payouts, excluding investment income -- is "the best in a generation (or two)." See Industry Financials and Outlook here.
If anyone's reeling, it's policyholders.

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