| Commercial Multiple Peril Insurance, 2014-2023 |
($000)
|
| |
Total |
| Year |
Net premiums
written (1) |
Annual percent
change |
Year |
Net premiums
written (1) |
Annual percent
change |
| 2014 |
$34,375,127 |
3.4% |
2019 |
$38,937,896 |
3.7% |
| 2015 |
34,741,695 |
1.1 |
2020 |
40,995,696 |
5.3 |
| 2016 |
34,099,664 |
-1.8 |
2021 |
43,821,302 |
6.9 |
| 2017 |
34,190,669 |
0.3 |
2022 |
48,711,809 |
11.2 |
| 2018 |
37,558,700 |
9.9 |
2023 |
54,842,611 |
12.6 |
| Nonliability Portion |
| Year |
Net Premiums
Written (1) |
Annual Percent
Change |
Combined
Ratio (2) |
Annual Point
Change (3) |
Year |
Net Premiums
Written (1) |
Annual Percent
Change |
Combined
Ratio (2) |
Annual Point
Change (3) |
| 2014 |
$21,983,697 |
4.4% |
96.8 |
3.5 pts. |
2019 |
$23,341,478 |
3.4% |
102.8 |
-4.9 pts. |
| 2015 |
21,478,010 |
-2.3 |
91.6 |
-5.2 |
2020 |
25,606,682 |
9.7 |
111.3 |
8.5 |
| 2016 |
20,840,849 |
-3.0 |
98.2 |
6.6 |
2021 |
27,382,237 |
6.9 |
109.7 |
-1.6 |
| 2017 |
20,673,258 |
-0.8 |
111.8 |
13.6 |
2022 |
30,552,927 |
11.6 |
102.8 |
-6.9 |
| 2018 |
22,570,966 |
9.2 |
107.7 |
-4.0 |
2023 |
35,483,846 |
16.1 |
105.2 |
2.4 |
| |
Liability Portion |
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$12,391,430 |
1.7% |
103.6 |
-0.2 pts. |
2019 |
$15,596,418 |
4.1% |
108.2 |
4.9 pts. |
| 2015 |
13,263,685 |
7.0 |
99.2 |
-4.4 |
2020 |
15,389,014 |
-1.3 |
106.2 |
-2.0 |
| 2016 |
13,258,815 |
0.0 |
105.5 |
6.4 |
2021 |
16,439,065 |
6.8 |
100.9 |
-5.3 |
| 2017 |
13,517,411 |
2.0 |
101.4 |
-4.1 |
2022 |
18,158,882 |
10.5 |
109.3 |
8.4 |
| 2018 |
14,987,734 |
10.9 |
103.3 |
1.9 |
2023 |
19,358,765 |
6.6 |
109.9 |
0.5 |
(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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