P/C Insurers’ Net Income Dropped 42.2% in Q1; Catastrophe Losses Topped $7 Billion

The U.S. property/casualty insurance industry saw its net income fall to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016, a 42.2 percent decline. Also, its overall profitability as measured by its annualized rate of return on average …

from News – Insurance Journal http://ift.tt/2sMF8C4
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