New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers over 2021.
The data, collected by RAA from 17 reinsurers globally, shows that the combined ratio for the group improved to 99.8% last year, down from 101.4% in 2020.
At the same time, the P&C reinsurers wrote $74.6 billion of net premiums, up from $65.1 billion in the previous year.
