Financial Services Industry
Industry: Email Alert RSS FeedAuto volume increases $4.9B. (Auto-Personal Lines Review)
National Underwriter Property & Casualty-Risk & Benefits Management, May, 1989 by McCombs, Karen
Auto Volume Increases $4.9B The top 20 auto insurers generated a relatively healthy increase in premium volume during 1988, according to figures compiles by the National Underwriter. Total aggregate auto premiums for stock companies, mutuals, reciprocals and Lloyd's were $80.6 billion for 1988, a 9.3 percent increase over last year's $75.7 billion.
The Aggregate Auto Premiums & Losses chart (see below) reveals that stock companies had the greatest percentage of total premium--55.9 percent--followed by mutuals with 33.6 percent, and lastly, the reciprocals and Lloyd's at 10.5 percent. The combined premium volume of the top three auto insurers--State Farm, Allstate, and Farmers Exchange--rose 8.9 percent or $2.6 billion (from $22.4 billion in 1987 to $25...
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