In addition, AM Best reports that the industry’s surplus has grown to $1.1 trillion by the end of September 2024, reflecting a combination of $131.4 billion in net income and net cash contributed, partially offset by an $11.6 billion change in unrealized losses, USD 1.4 billion in other capital losses. , and $15.4 billion in stock dividends. Shareholder dividends were the lowest, down 83.9%, due to the $82 billion in asset distributions recorded by National Indemnity Company in 2023.
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