Assured Research on P/C Industry Expense Ratio (May ’24)

The P/C industry expense ratios has broken through a decades-long anchor of 28%. The recently decline comes on the back of declining advertising spend (down $2.5 bil. since ’21) and growth in all major expense categories below the hard-market fueled growth in premiums. (That’s particularly true for employee compensation.) Contact us and we’ll share our recent Assured Comment. Our in-depth report on expenses is available with a trial.