2005 - Year End Results
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The property/casualty insurance industry reported a statutory rate of return on average surplus of 10.5 percent in 2005, marginally above the 10.4 percent average return recorded during calendar year 2004. The results were released by the Insurance Services Office, Inc. (ISO) and the Property Casualty Insurers Association of America (PCI). Excluding a special, non-recurring dividend one insurer received from an investment subsidiary, the industry’s return on average surplus was 9.8 percent. The Fortune 500 group of companies, in contrast, turned in a 14.9 percent return on equity in 2005. This means that the property/casualty insurance industry as a whole has underperformed the Fortune 500 group every year since 1987.
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