Business Services Industry
Workers comp returns below industry average: NCCI.(Brief Article)
Business Insurance, May, 2000 by FLETCHER, MEG
Excess capacity is driving competition among workers compensation insurers and keeping their average return on equity significantly lower than that of other lines of insurance or industries, according to the National Council on Compensation Insurance. Return on equity for publicly owned companies last year was 7.6% for insurers specializing in workers comp, which is well below the 10.5% return for insurers writing other property/casualty lines and the 11% return for life insurers, according to Bill Schrempf, president and chief executive officer of the Boca Raton, Fla.-based NCCI.
Companies in some industries had substantially higher returns on their equity, including drug manufacturers, 30.5%; large auto manufacturers, 21.3%; large banks, 17%; and retail...
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