Financial Cycles in the Property/Casualty Industry
GGD-86-56FS: Published: Apr 9, 1986. Publicly Released: Apr 9, 1986.
- Full Report:
In response to a congressional request, GAO provided information about past financial cycles in the property/casualty insurance industry.
To identify past cyclicity, GAO plotted the insurance industry's underwriting gains or losses over time. GAO expressed underwriting gains or losses in: (1) a ratio of the claims, expenses, and policyholder dividends paid to the premium income; and (2) the difference between the amount of premium income and the amount of claims, expenses, and policyholder dividends.