Walking the walk on underwriting discipline: numbers show long-term underwriting profits best at smaller-focused carriers.(NU data insights: profitability)

National Underwriter Property & Casualty-Risk & Benefits Management, January, 2005 by Sclafane, Susanne

UNDERWRITING DISCIPLINE--it's a phrase that's been repeated hundreds of times in the last three years. But which property-casualty companies really have it? And which have been able to garner profits over the long term--reporting record underwriting result seven before industrywide hard market conditions took hold? In NU's first "Data Insights" issue of 2005, we present some statistics generated by National Underwriter Insurance Data Services to shed some light on these questions.

Using combined ratios for 1998-2003 in an attempt to separate insurers that walk the walk from those that simply talk the talk on underwriting discipline, we reveal few household names on the list of top performers. Among the nation's largest insurers, only Mayfield Village,...

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