| Multiple Peril Crop Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$4,189,765 |
-15.2% |
104.9 |
1.6 pts. |
| 2015 |
3,680,768 |
-12.1 |
99.9 |
-5.1 |
| 2016 |
3,321,281 |
-9.8 |
81.7 |
-18.2 |
| 2017 |
4,742,005 |
42.8 |
95.8 |
14.1 |
| 2018 |
5,380,068 |
13.5 |
85.0 |
-10.8 |
| 2019 |
6,478,428 |
20.4 |
108.7 |
23.6 |
| 2020 |
6,128,159 |
-5.4 |
100.5 |
-8.2 |
| 2021 |
7,453,136 |
21.6 |
94.9 |
-5.6 |
| 2022 |
10,434,771 |
40.0 |
102.5 |
7.6 |
| 2023 |
10,336,487 |
-0.9 |
107.6 |
5.1 |
(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 numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|