| Fire Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$11,501,516 |
2.4% |
86.0 |
6.9 pts. |
| 2015 |
11,417,751 |
-0.7 |
84.9 |
-1.1 |
| 2016 |
11,005,907 |
-3.6 |
92.0 |
7.2 |
| 2017 |
10,688,228 |
-2.9 |
118.6 |
26.6 |
| 2018 |
11,622,617 |
8.7 |
111.4 |
-7.2 |
| 2019 |
11,935,179 |
2.7 |
95.9 |
-15.5 |
| 2020 |
13,196,751 |
10.6 |
104.5 |
8.6 |
| 2021 |
15,562,961 |
17.9 |
106.4 |
2.0 |
| 2022 |
16,542,615 |
6.3 |
94.4 |
-12.0 |
| 2023 |
20,985,419 |
26.9 |
85.9 |
-8.5 |
(1) After reinsurance transactions, excludes state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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