Reinsurance premiums rise in first half
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U.S. reinsurers reported $37.1 billion in net premiums in the first half of 2021, a 15.6% increase over the same period last year, according to a report from the Reinsurance Association of America released Wednesday.
The group of 17 RAA members reported an average combined ratio of 96.8%, an improvement over the 98.4% combined ratio it reported in last year’s first half. Seven of the reinsurers in the group reported combined ratios of more than 100%, indicating an underwriting loss.
The total policyholder surplus of the reinsurers was $256.8 billion, up 8% compared with last year’s period.
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Reinsurers report lower premiums in first quarter: RAA
Net premiums written for a group of 17 U.S. property/casualty reinsurers dropped to $13.67 billion during the three months ended March 31 compared with $15.37 billion for the same period in 2018, the Reinsurance Association of America said Thursday.
