| Private Passenger Automobile Insurance, 2014-2023 |
($000)
|
| |
Liability |
Collision/comprehensive |
| Year |
Net
premiums
written (1) |
Annual
percent
change |
Combined
ratio (2) |
Annual
point
change (3) |
Net
premiums
written (1) |
Annual
percent
change |
Combined
ratio (2) |
Annual
point
change (3) |
| 2014 |
$112,354,903 |
4.6% |
103.8 |
0.2 pts. |
$71,096,640 |
5.4% |
100.2 |
1.5 pts. |
| 2015 |
116,305,809 |
3.5 |
107.9 |
4.2 |
76,486,433 |
7.6 |
99.4 |
-0.8 |
| 2016 |
124,439,721 |
7.0 |
109.4 |
1.5 |
82,931,826 |
8.4 |
101.5 |
2.1 |
| 2017 |
133,745,174 |
7.5 |
105.5 |
-3.9 |
88,489,745 |
6.7 |
98.3 |
-3.2 |
| 2018 |
144,450,175 |
8.0 |
100.5 |
-5.0 |
96,475,072 |
9.0 |
93.7 |
-4.6 |
| 2019 |
147,289,907 |
2.0 |
101.6 |
1.1 |
100,438,313 |
4.1 |
94.6 |
0.9 |
| 2020 |
144,115,139 |
-2.2 |
94.8 |
-6.7 |
99,607,381 |
-0.8 |
89.2 |
-5.3 |
| 2021 |
148,367,287 |
3.0 |
100.4 |
5.6 |
104,465,417 |
4.9 |
104.1 |
14.8 |
| 2022 |
155,252,908 |
4.6 |
111.2 |
10.8 |
113,016,153 |
8.2 |
113.7 |
9.6 |
| 2023 |
173,087,382 |
11.5 |
106.5 |
-4.7 |
133,210,735 |
17.9 |
102.8 |
-10.9 |
(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. |
|