Combined Ratio

RECENT NEWS
Catastrophes Pushed Homeowners Insurers’ Combined Ratio Above 107 in 2017
Insurance Journal  Jun 20  Comment 
After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report. The new Best’s Market Segment …
State Auto Financial Q1 2016 Results Fall, Combined Ratio Rises
Insurance Journal  May 2  Comment 
Ohio-based State Auto Financial Corp. announced first quarter 2016 net income of $3.0 million, or $0.07 per diluted share, versus net income of $24.7 million, or $0.60 per diluted share, for the first quarter of 2015. Net income from operations …
XL Reports Q1 Operating Net Income of $194.4M, Combined Ratio at 88.9%
Insurance Journal  Apr 30  Comment 
Dublin-based XL Group plc reported first quarter operating net income of $194.4 million, or $0.75 per share, for the first quarter on a fully diluted basis, down from $238.6 million, or $0.85 per share, for the same period in 2014. … The...
Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%
Insurance Journal  Apr 23  Comment 
Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per share of $1.66,...
P/C Insurers’ Net Income Up 60%, Combined Ratio at 97.6 for 2013: A.M. Best
Insurance Journal  Feb 10  Comment 
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its way to a nearly 60 percent increase in net income...
Fitch: Workers’ Compensation Weakest Segment; Combined Ratio Worst in 10 Years
Insurance Journal  Jun 14  Comment 
Workers’ compensation, the largest commercial lines segment representing approximately 18 percent of commercial lines net written premiums in 2011, posted a statutory combined ratio of 117 percent in 2011, according to a new report by Fitch...
P/C Insurers’ Combined Ratio for 2011 Estimated at 107.5%
Insurance Journal  Feb 6  Comment 
The U.S. property/casualty (P/C) industry reported its largest underwriting loss since 2006 and saw its operating performance deteriorate sharply in 2011, as catastrophe-related losses throughout the year wreaked havoc. Insurers were affected by...




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

This is calculated by dividing overall operating expenses (losses incurred + other operating expenses) by Premiums Earned, expressed as a percentage.

This metric is useful to determine and compare the profitability between insurance companies. A combined ratio of less than 100% means that the company is profitable, as its premiums earned are greater than its total expenses. For example, an insurer with $800 in expenses and $1,000 in premiums earned has a combined ratio of 80% (800/1000). However, companies with combined ratios over 100% may still earn a profit because the ratio does not account for Investment Income.

Lower combined ratios signal that the company is more profitable than competitors with higher combined ratios.

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