Property/casualty insurer premiums fall slightly: Analysis

Property/casualty insurers reported $258.09 billion in net premiums written for the first nine months of the year, a 0.2% decline, according to an analysis by Charlottesville, Va.-based SNL Financial L.C.

The statutory data, which is based on information from 76.7% of expected individual property/casualty insurers filing reports with state insurance departments, excludes mortgage and bond and accident and health insurers, but includes personal lines insurers, SNL said Thursday.

The insurers reported a 100.9% combined ratio for the nine-month period this year vs. 100.3% for the same period last year.

For the quarter, the insurers reported a 2.2% increase in net premiums written, which rose to $88.75 billion. The group posted a 99.6% combined ratio vs. 100.3% for the third quarter last year, according to SNL.