Furthermore, AM Best report that industry surplus grew to $1.1 trillion as of the end of September 2024, reflecting a combination of $131.4 billion in net income and contributed capital, partially offset by an $11.6 billion change in unrealized losses, $1.4 billion in other surplus losses, and $15.4 billion in stockholder dividends. Stockholder dividends were significantly lower, declining 83.9%, due to an $82 billion asset distribution recorded by National Indemnity Company in 2023.
