This statistical study presents the top 25 property and casualty writers as ranked by 3-month 2016 net premiums written as of March 31, 2016. I do expect rates to -- in the industry to accelerate.
If you're going to delegate underwriting authority to your brokers, almost by definition, you have to introduce some rigidity to your underwriting guidelines. 2018 Best’s Rankings: U.S. Property/Casualty – 3-Month 2018 Financial Results.
And that's what's, I think, driven our growth rate from, I'll call it, low double digits, up into the 48% we experienced for the quarter. Thanks, Brian. But in general, we're seeing the strong double-digit growth rate across the portfolio.
This statistical study presents the top property and casualty writers as ranked by 6-month 2016 net premiums written as of June 30, 2016. And then I wanted to touch on the cats real quick. Your next question comes from the line of Jeff Smith with William Blair.
Just as a reminder, Matt -- I was just going to say, just as a reminder, thi is Mike.
So just trying to get a feel for how much of that is kind of a sustainable level and how much of that, if any, is somewhat more temporary?
I would say a handy to think of it as dollars. We're certainly hearing that from peers. Okay. I know it's early in the quarter, but from the standpoint of expectations, it would probably be helpful for the market to understand what you're seeing. The market continues to harden, and as Mike mentioned, we expect that to continue through 2021. Michael P. Kehoe -- Chief Executive Officer and President. First, our rates, which would tend to be higher than our competitors, are tougher to sell in a soft market. And it could be things like, hey, contractors working near airports or manufacturers related to the aviation space. Last night, Kinsale reported operating earnings of $0.42 per diluted share for the third quarter of 2020, down 26.3% compared to the third quarter 2019. I don't think we're done, I don't think we've peaked.
And I think if you kind of disaggregate the 15 percentage points on our combined and look at the individual events, they were all very manageable outcomes given the kind of the risk reward that we see in that business. All the individual cats were in that $4 million to $6 million range. Thank you, that was actually my question, was anything in the fourth quarter that you would highlight, and you just answered that.
They are required to submit all applications, policy forms, endorsements, and rates to the Office of Insurance Regulation (OIR) for review and approval. Co., 611 F.3d 339, 347 (7th Cir.
So basically, if you think about it this way, business that is in the admitted market going through a program, we never see until that program is no longer available for them because they would much rather, the buyer would much rather get the cheap price and the broad coverage. Yes, I would just say, keep in mind our business model is we write generally smaller accounts. I mean, keep in mind, some of the hardening shows up in are just getting more business opportunity. Yes. The extraordinary growth we expect to continue certainly through 2021. At some point thereafter, we expect a level of dislocation in the broader market to abate and our growth rate to normalize, perhaps in the low double-digit range. I don't know, Brian?
2020 Best’s Rankings: U.S. Property/Casualty – 2019 Financial Results. Thank you. This Best’s Ranking report presents the top 25 property and casualty writers as ranked by nine-month 2019 net premiums written as of Sept. 30, 2019. There's a standard company that used to put up $10 million excess policies, and they've reduced that to $2 million. So hey, all we're talking about here is a kind of an organization of our underwriting teams to have a little bit more focus on this area. On the investment side, net investment income increased by 33% over the third quarter last year, up to $7 million from $5 million last year as a result of continued growth in the investment portfolio. Yes. But at some point. These are incremental expansions to our product line. list of admitted insurers subject to the iri-2010 supplemental financial filing company name naic number 21st century casualty company 36404 21st century insurance company 12963 5 star life insurance company 77879 aaa life insurance company 71854 aca financial guaranty corporation 22896 aca insurance company 10921 acacia life insurance company 60038 accendo insurance company … Please contact us with any questions at 804-289-1300. Hi.
Kinsale Insurance Company, Inc. is a domestic excess and surplus lines insurance company specializing in hard-to-place property, casualty and specialty risks.
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Kinsale Insurance Company (Kinsale) (Li... 2016 Statistical Study: U.S. Property/Casualty – 2015 Financial Results – Industry’s NPW Continues Modest Growth; Underwriting Results Remain Favorable and PHS is Flat.
2020 Best’s Rankings: U.S. Property/Casualty – Industry’s Net Premiums Written Increased 3.2%.
Brian D. Haney -- Executive Vice President and Chief Operating Officer. Current Commercial Policyholders: If you, or your business, are experiencing difficulties due to COVID-19 and need assistance with premium payments, please contact your broker.
I'll start, and then I'll hand it to Brian. This Best’s Ranking report presents the top 25 U.S. property and casualty writers as ranked by 2019 net premiums written as of Dec. 31, 2019. One example is when trucking rates got down to ridiculously low levels, we didn't write any trucking business, OK? But has there been any increase in relatively larger account business that lifts that average premium in any notable way? AM Best Upgrades Credit Ratings of Kinsale Insurance Company and Kinsale Capital Group, Inc. AM Best Affirms Credit Ratings of Kinsale Insurance Company and Kinsale Capital Group, Inc. It's just that we've done it very cautiously because of the challenges in that market. Please go ahead, sir.
Thanks, Brian. As it sounds, an admitted insurance company is “admitted” to do business as an insurance company in the state. But that all being said, we see rates being up 10% to 12% in the aggregate during the quarter. Very helpful.
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