| Farmowners Multiple Peril Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$3,628,084 |
3.3% |
95.4 |
1.5 pts. |
| 2015 |
3,762,451 |
3.7 |
89.9 |
-5.6 |
| 2016 |
3,802,197 |
1.1 |
93.6 |
3.8 |
| 2017 |
3,925,285 |
3.2 |
105.7 |
12.1 |
| 2018 |
4,128,898 |
5.2 |
97.0 |
-8.7 |
| 2019 |
4,327,315 |
4.8 |
99.0 |
2.0 |
| 2020 |
4,443,265 |
2.7 |
105.8 |
6.8 |
| 2021 |
5,351,474 |
20.4 |
97.6 |
-8.2 |
| 2022 |
5,696,483 |
6.4 |
108.8 |
11.2 |
| 2023 |
6,304,075 |
10.7 |
111.2 |
2.4 |
(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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