| COMPONENTS OF THE COMBINED RATIO, PROPERTY/CASUALTY INSURANCE, 2003-2012 (1) |
|
| Year |
Loss ratio (2) |
Expense ratio (3) |
Combined ratio |
Dividends to policyholders (4) |
Combined ratio after dividends |
| 2003 |
74.7 |
24.9 |
99.6 |
0.5 |
100.1 |
| 2004 |
72.7 |
25.2 |
97.9 |
0.4 |
98.3 |
| 2005 |
74.6 |
25.8 |
100.4 |
0.4 |
100.9 |
| 2006 |
65.2 |
26.4 |
91.6 |
0.8 |
92.4 |
| 2007 |
67.7 |
27.3 |
94.9 |
0.6 |
95.5 |
| 2008 |
77.1 |
27.5 |
104.6 |
0.4 |
105.0 |
| 2009 |
72.5 |
28.0 |
100.5 |
0.5 |
101.0 |
| 2010 |
73.6 |
28.3 |
101.8 |
0.5 |
102.4 |
| 2011 |
79.3 |
28.4 |
107.7 |
0.4 |
108.1 |
| 2012 |
74.5 |
28.2 |
102.8 |
0.5 |
103.2 |
(1) Excludes state funds and other residual insurers.
(2) Incurred loss and loss adjustment expenses as a percent of earned premiums.
(3) Other underwriting expenses as a percent of written premiums.
(4) Dividends to policyholders as a percent of earned premiums.
Source: ISO, a Verisk Analytics company. |
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