| FINANCIAL GUARANTY INSURANCE, 2003-2012 (1) |
($000)
|
| Year |
Net premiums written (2) |
Annual percent change |
Combined ratio (3) |
Annual point change (4) |
| 2003 |
$2,507,763 |
36.7% |
29.4 |
-6.7 pts. |
| 2004 |
2,133,599 |
-14.9 |
44.3 |
14.9 |
| 2005 |
2,014,467 |
-5.6 |
29.8 |
-14.5 |
| 2006 |
2,163,324 |
7.4 |
47.7 |
17.8 |
| 2007 |
3,038,889 |
40.5 |
152.4 |
104.8 |
| 2008 |
3,171,560 |
4.4 |
421.4 |
268.9 |
| 2009 |
1,793,410 |
-43.5 |
100.6 |
-320.7 |
| 2010 |
1,371,908 |
-23.5 |
228.4 |
127.8 |
| 2011 |
968,898 |
-29.4 |
219.0 |
-9.4 |
| 2012 |
692,541 |
-28.5 |
181.6 |
-37.4 |
(1) Based on insurance expense exhibit (IEE) data. Ambac did not file an IEE from 2003 to 2006; Financial Guaranty Insurance Co. did not file an IEE in 2012.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded data.
Source: SNL Financial LC. |
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