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U.S. property/casualty reinsurers wrote $81.0 billion of net premiums in 2022, up 8.6% from $74.6 billion in 2021, according to year-end data released Friday by the Reinsurance Association of America.
The association’s group of 17 U. S. property/casualty reinsurers posted a combined ratio of 99.8% for 2022, unchanged from 2021.
The group’s combined ratio stems from a 76.5% loss ratio for 2022 against 75.3% for 2021, and a 2022 expense ratio of 23.3% compared with 24.5% in 2021.
The policyholders’ surplus was $254.4 billion as of Dec. 31, 2022, up 6.4% compared with $239.0 billion in the prior quarter.