Loss ratio of P/C insurance in the U.S. 2009-2015

In 2015, the loss ratio of property/casualty insurance in the United States was an estimated 58.5 percent.

Property and casualty insurance

General insurance, known as property and casualty insurance in the United States, covers non-life insurance policies. It covers property that is at risk of damage. Some policies include homeowners insurance, car insurance, condo insurance, renters insurance, and landlord insurance. For homeowners insurance, it is utilized when an individual suffers on a property as a result of the owner’s negligence. The homeowners insurance would cover the medical fees if the victim had to go to the hospital. If the victim decided to sue, the homeowners insurance would cover the legal fees. It is also utilized when there is damage to the home as a result of vandalism or theft. Furthermore, it is also used when there is damage caused by extreme weather.

Insurance companies

The leading mutual property and casualty insurance company in the United States is State Farm in terms of revenue. Since 2010, the direct premiums written by the property and casualty insurance industry in the United States have been rising.

Loss ratio of property/casualty insurance in the United States from 2009 to 2015

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Source

Release date

February 2015

Region

United States

Survey time period

2009 to 2013

Supplementary notes

*Forecast.
Mortgage and financial guaranty segments are excluded.

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Statistics on "Property and casualty insurance in the United States"

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