US P&C underwriting income jumped by 30% in 2020 to $4.3bn: AM Best
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US P&C underwriting income jumped by 30% in 2020 to $4.3bn: AM Best

Eileen AJ Connelly
June 10, 2021
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The US P&C industry’s underwriting results showed sharp improvement in 2020 despite the uncertainties created by the pandemic and higher catastrophe losses, according to AM Best.

Net underwriting income increased by 30% to $4.3bn, the ratings agency said, while the industry’s combined ratio in 2020 remained in line with its 2019 level at 98.8%.

P&C

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Eileen AJ Connelly
Contributing Editor
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