[車보험 손익 적신호]② 같은 손해율 엇갈린 실적, 왜

Despite similar loss ratios across major property & casualty insurers in Q1, their profitability trends diverged significantly. The critical factor is not the loss ratio itself but how revenue stagnation collides with rising loss amounts—a 2-7% increase in claims combined with flat revenues compresses margins and directly impacts underwriting and net profits.