Property & Casualty Financial Insights

 

User guide and technical notes: 

The Property and Casualty Financial Insights Dashboard provides a comprehensive view of financial performance across business lines. Users can analyze key metrics, including premium written, premium earned, losses, expenses, market share and financial ratios. Interactive filters by line of business (LOB), year and state allow for trend analysis, market comparisons and pattern identification. 

Scope and limitations 

  • Data covers U.S. states only. 

  • All values and calculations are based on calendar year financial data. 

Data aggregation and variability 

  • Aggregated data may exhibit a ±1–3% variation due to rounding or reporting differences. Users should consider these potential discrepancies when analyzing trends. 

Key metrics and calculations 

  • Operating Expenses = Direct Defense & Cost Containment Expense Incurred + Commission & Brokerage Expenses + Taxes, Licenses & Fees 

  • Combined Expenses = Direct Losses Incurred + Operating Expenses 

  • Defense-to-Loss Ratio = (Direct Defense & Cost Containment Expense Paid ÷ Direct Losses Paid) * 100 

  • Claims Settlement Efficiency = (Direct Losses Paid ÷ Direct Losses Incurred) * 100 

  • Commission & Brokerage Expense Ratio = (Commission & Brokerage Expenses ÷ Direct Premiums Written) * 100 

Data adjustments and negative values 

  • Negative values may result from data revisions, policy cancellations, claims recoveries or reinsurance transactions. Use caution when interpreting insights. 

LOB reporting changes 

  • Inland Marine reclassified into: 

  • Inland Marine (since 2024) 

  • Pet insurance Plans (since 2024) 

  • Medical Malpractice replaced by: 

  • Medical Professional Liability – Occurrence (since 2022) 

  • Medical Professional Liability – Claims-Made (since 2022) 

  • Product Liability reclassified into: 

  • Product Liability – Occurrence (since 2022) 

  • Product Liability – Claims-Made (since 2022) 

Users should review these LOB adjustments when comparing historical data, as direct year-over-year comparisons may be affected by these reclassifications. 

 

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