U.S. reinsurers' premiums slip, combined ratio rises: RAA

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.