Article about US General Aviation Insurer Results for 2022

[Parker_Woodruff]

Here's an article from Milliman providing insight into general aviation underwriting results from state-admitted insurance companies for 2022.  The way I read this, there's a bit of airline exposure in here too, because there are some US-admitted insurers participating on small line slips for the airlines, too.

https://www.milliman.com/en/insight/us-general-aviation-admitted-market-summary-2022-statutory-financial-results

[hammdo]

Bottom line is they want ‘historic profitability’. Premiums won’t go down if that is the case - since it costs more to fix those ‘composite’ aircraft…

all those high ‘airline awards’ and weather acts were more of the reason…

-Don

[Hank]

26 minutes ago, hammdo said:

Bottom line is they want ‘historic profitability’. Premiums won’t go down if that is the case

Yep. Straight from the report:  (  )

[Parker_Woodruff]

2 hours ago, hammdo said:

Bottom line is they want ‘historic profitability’. Premiums won’t go down if that is the case - since it costs more to fix those ‘composite’ aircraft…

all those high ‘airline awards’ and weather acts were more of the reason…

-Don

What they want vs what will happen are two entirely different things.  Especially with more insurance underwriting companies coming into the market...

[PT20J]

8 hours ago, hammdo said:

Bottom line is they want ‘historic profitability’. Premiums won’t go down if that is the case - since it costs more to fix those ‘composite’ aircraft…

all those high ‘airline awards’ and weather acts were more of the reason…

-Don

"Historic profitability" is not the same as "historical levels of profitability." But, I'm guessing you knew that.

[hammdo]

Yep… just my wording..

-Don