Product Description
This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 13, 1993. The length of the article is 730 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Insurance Information Institute Sr VP Sean Mooney says that the financial results of the property-casualty insurance industry continued to deteriorate in 1993. Net after-tax income declined from $4.9 billion in the 2d qtr, 1993, to $3.4 billion in the 3d qtr, 1993, while the annualized rate of return on capital declined from 11.4% to 7.7% in the same period. Investment income for the industry dropped 7.1% and realized capital gains fell 31.2% in the 3d qtr, 1993, compared to FY 1992 figures.
Citation Details
Title: Industry still deteriorating: analyst. (Insurance Information Institute Senior Vice President Sean Mooney)
Author: David C. Jones
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 13, 1993
Publisher: The National Underwriter Company
Issue: n50 Page: p3(2)
Distributed by Thomson Gale
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