Fitch Publishes U.S. Personal Auto Dashboard

CHICAGO--()--Link to Fitch Ratings' Report: U.S. Personal Auto Insurance Dashboard

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=789428

Fitch Ratings has published a Dashboard Report for the U.S. Personal Auto Insurance sector.

Despite several years of rising premium rates the industry continues to underwrite at a loss in private passenger automobile insurance, with only a modest change in the segment's underwriting combined ratio over the last five years. The best performing auto writers over the five-year period 2009-2013 were GEICO and Progressive, measured by both segment premium growth and underwriting profits.

Highlights from the U.S. Personal Auto Insurance Dashboard include a review of personal auto market share. Notably, GEICO claimed the second largest market share position in 2013.

Advertising continues to be a key vehicle for competition among auto insurers. The report lists the individual insurers with the largest advertising expenditures.

Lastly, a review of private passenger auto underwriting performance by state reveals wide disparity in performance. Michigan is the worst performing state by a considerable margin with a nearly 140% direct combined ratio.

The 'U.S. Personal Auto Insurance Dashboard' is available on Fitch's website at 'www.fitchratings.com' or by clicking on the link.

Additional information is available at 'www.fitchratings.com'.

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Contacts

Fitch Ratings
Douglas M. Pawlowski, CFA
Senior Director
+1-312-368-2054
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Gerald B. Glombicki, CPA
Director
+1-312-606-2354
or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com

Contacts

Fitch Ratings
Douglas M. Pawlowski, CFA
Senior Director
+1-312-368-2054
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Gerald B. Glombicki, CPA
Director
+1-312-606-2354
or
Media Relations:
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com