Insurance Machine

Mortgage and other financial guaranty insurers were disproportionately hit by the current recession and credit crisis. In 2008 there was a fall in the mortgage and financial guaranty insurers’ annualized rate of return to a negative 141.1 percent from a 2007 negative 13.4 percent. When mortgage and financial guaranty insurers are excluded, the insurance industry’s rate of return for 2008 declined to 4.2 percent from the 2007 rate of 13.2 percent. At the same time, the industry’s net income fell by 68.8 percent.

Results for Underwriting