P/C Business Posts 2021 Underwriting Loss however Surplus Hits $1 Trillion

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Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C industry posted a $5.2 billion underwriting gain in 2020 …

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