| Commercial Automobile Insurance, 2014-2023 |
($000)
|
| |
Liability |
Collision/comprehensive |
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$19,570,622 |
6.6% |
103.8 |
-3.4 pts. |
$6,123,604 |
10.6% |
103.2 |
-2.0 pts. |
| 2015 |
20,914,990 |
6.9 |
111.4 |
7.6 |
6,725,088 |
9.8 |
100.9 |
-2.3 |
| 2016 |
21,315,245 |
1.9 |
113.5 |
2.1 |
6,949,192 |
3.3 |
102.1 |
1.2 |
| 2017 |
22,881,174 |
7.3 |
113.4 |
0.0 |
7,757,275 |
11.6 |
104.2 |
2.1 |
| 2018 |
26,992,199 |
18.0 |
111.7 |
-1.7 |
8,782,227 |
13.2 |
96.9 |
-7.3 |
| 2019 |
29,293,084 |
8.5 |
114.0 |
2.3 |
9,650,356 |
9.9 |
95.5 |
-1.4 |
| 2020 |
30,059,355 |
2.6 |
107.1 |
-6.9 |
9,865,723 |
2.2 |
85.7 |
-9.8 |
| 2021 |
35,318,032 |
17.5 |
102.0 |
-5.1 |
11,074,777 |
12.3 |
90.3 |
4.6 |
| 2022 |
39,480,916 |
11.8 |
107.2 |
5.2 |
12,336,466 |
11.4 |
99.9 |
9.7 |
| 2023 |
42,520,666 |
7.7 |
113.3 |
6.1 |
13,256,263 |
7.5 |
95.6 |
-4.3 |
(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. |
|