| Private Crop Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$582,817 |
NA |
138.8 |
NA |
| 2015 |
584,600 |
0.3% |
146.2 |
7.3 pts. |
| 2016 |
455,410 |
-22.1 |
122.3 |
-23.9 |
| 2017 |
498,804 |
9.5 |
66.6 |
-55.7 |
| 2018 |
693,254 |
39.0 |
126.9 |
60.3 |
| 2019 |
686,589 |
-1.0 |
117.5 |
-9.4 |
| 2020 |
623,991 |
-9.1 |
146.9 |
29.5 |
| 2021 |
711,266 |
14.0 |
122.0 |
-25.0 |
| 2022 |
843,076 |
18.5 |
113.3 |
-8.7 |
| 2023 |
928,167 |
10.1 |
140.3 |
27.0 |
(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.
NA=Data not available.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|