Q3 statutory loss data is out: Trends reflect impact of inflation and Ian
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Q3 statutory loss data is out: Trends reflect impact of inflation and Ian

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
November 22, 2022
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The US property and casualty industry direct loss ratio deteriorated 7.6 pts in Q3 2022 year over year, according to the recently released quarterly statutory data. Direct written premiums during the same period increased 7.3% on a year-over-year basis to $224bn.

Personal auto and allied lines showed double-digit deterioration due to loss costs trends, the threat of inflation, supply chain disruptions and impact of Hurricane Ian in Florida.

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Topics

ResearchMajor lossesCommercial autoPersonal autoPropertyResultsMarineWorkers CompensationFloridiansCommercial Lines
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Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
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