Net income declines in third quarter. (property, casualty insurers earn $5.1 billion after taxes in 1996 quarter): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

by Susanne Sclafane

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This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 9, 1996. The length of the article is 665 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The insurance industry posted net income of $5.1 billion in the property and casualty business for the third quarter of 1996, down from $5.8 billion in the third quarter of 1996. Catastrophic losses, including $2.2 billion caused by three hurricanes, hurt earnings. Capital gains declined to $1 billion, an 18% drop, and investment income stayed flat at $9.2 billion. Net premiums totaled $69.6 billion for the quarter. However, overall net income for the first nine months of 1996 exceed the total for the same period in 1995.

Citation Details
Title: Net income declines in third quarter. (property, casualty insurers earn $5.1 billion after taxes in 1996 quarter)
Author: Susanne Sclafane
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 9, 1996
Publisher: The National Underwriter Company
Issue: n50 Page: p3(2)

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