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Member, Beacon International Group, Ltd.
U.S. reinsurers reported a 95.4% combined ratio for 2010 vs. 93.5% for 2009, according to a survey of 19 U.S. firms by the Washington-based Reinsurance Assn. of America.
The combined ratio for 2010 reflects a 64.2% loss ratio and a 31.3% expense ratio, the RAA said Friday.
Net premiums written for the 19 reinsurers totaled $23.31 billion in 2010, a 2.5% decline from 2009.
Policyholder surplus increased 40.1% to $108.34 billion.
Net income increased 112.2% to $9.11 billion, the RAA said.