| MULTIPLE PERIL CROP INSURANCE, 2003-2012 |
($000)
|
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2003 |
$1,702,862 |
-15.0% |
109.8 |
-14.6 pts. |
| 2004 |
2,203,143 |
29.4 |
76.1 |
-33.8 |
| 2005 |
2,234,630 |
1.4 |
91.3 |
15.2 |
| 2006 |
2,824,769 |
26.4 |
77.9 |
-13.3 |
| 2007 |
3,648,996 |
29.2 |
74.7 |
-3.2 |
| 2008 |
5,077,625 |
39.2 |
90.1 |
15.3 |
| 2009 |
3,964,690 |
-21.9 |
79.7 |
-10.4 |
| 2010 |
3,501,631 |
-11.7 |
73.9 |
-5.8 |
| 2011 |
5,456,991 |
55.8 |
90.6 |
16.8 |
| 2012 |
4,244,123 |
-22.2 |
106.6 |
16.0 |
(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: SNL Financial LC. |
|