According to a recent survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 26 U. S. property-casualty reinsurers wrote $13.2 billion of net premiums during the six months ended June 30, 2005.The reinsurers’ combined ratio was 105.8%, compared with the combined ratio of 96.3% reported by a similar group of reinsurers for the six months ended June 30, 2004. The ratio is attributable to a 79.7% loss ratio and a 26.1% expense ratio.
US reinsurers’ combined ratio increases