| Workers Compensation Insurance, 2014-2023 |
($000)
|
| |
|
|
Combined ratio (1) |
| Year |
Net premiums
written (2) |
Annual percent
change |
Calendar
year (3) |
Annual point
change (4) |
Accident
year (5) |
Annual point
change |
| 2014 |
$43,753,885 |
6.3% |
101.9 |
-1.2 pts. |
88 |
-5 pts. |
| 2015 |
45,355,102 |
3.7 |
95.5 |
-6.4 |
85 |
-3 |
| 2016 |
45,619,831 |
0.6 |
95.6 |
0.1 |
84 |
-1 |
| 2017 |
45,047,380 |
-1.3 |
92.2 |
-3.4 |
86 |
2 |
| 2018 |
48,614,131 |
7.9 |
86.3 |
-5.8 |
88 |
2 |
| 2019 |
47,146,756 |
-3.0 |
88.3 |
2.0 |
93 |
5 |
| 2020 |
42,529,620 |
-9.8 |
90.2 |
1.9 |
95 |
2 |
| 2021 |
43,159,123 |
1.5 |
91.5 |
1.3 |
100 |
5 |
| 2022 |
47,604,071 |
10.3 |
87.4 |
-4.0 |
97 |
-3 |
| 2023 |
47,975,234 |
0.8 |
88.1 |
0.7 |
98 |
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) Calendar year data from S&P Global Market Intelligence
(4) Calculated from unrounded data.
(5) Accident year data from the National Council on Compensation Insurance (NCCI).
(6) Estimated by NCCI.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute; National Council on Compensation Insurance. |
|