| Net Premiums Written By Line, Property/Casualty Insurance, 2021-2023 (1) |
($ millions)
|
| |
|
|
|
Percent change from
prior year |
|
| Lines of insurance |
2021 |
2022 |
2023 |
2021 |
2022 |
2023 |
Percent of
total, 2023 |
| Private passenger auto |
$252,882,414 |
$268,047,120 |
$306,587,150 |
3.8% |
6.0% |
14.4% |
35.8% |
| Liability |
148,417,736 |
155,139,607 |
173,191,797 |
3.0 |
4.5 |
11.6 |
20.2 |
| Collision and comprehensive |
104,464,678 |
112,907,513 |
133,395,353 |
4.9 |
8.1 |
18.1 |
15.6 |
| Commercial auto |
46,589,757 |
51,657,384 |
55,793,394 |
16.8 |
10.9 |
8.0 |
6.5 |
| Liability |
35,469,922 |
39,382,484 |
42,508,430 |
18.2 |
11.0 |
7.9 |
5.0 |
| Collision and comprehensive |
11,119,835 |
12,274,900 |
13,284,964 |
12.4 |
10.4 |
8.2 |
1.5 |
| Homeowners multiple peril |
103,388,421 |
113,869,764 |
127,994,213 |
7.3 |
10.1 |
12.4 |
14.9 |
| Farmowners multiple peril |
5,343,486 |
5,636,129 |
6,292,490 |
20.4 |
5.5 |
11.6 |
0.7 |
| Commercial multiple peril |
43,743,410 |
48,416,980 |
54,608,522 |
6.9 |
10.7 |
12.8 |
6.4 |
| Workers compensation |
43,137,129 |
47,547,324 |
48,025,509 |
1.2 |
10.2 |
1.0 |
5.6 |
| Excess workers compensation |
929,024 |
965,606 |
952,417 |
4.7 |
3.9 |
-1.4 |
0.1 |
| Medical professional liability |
10,001,987 |
10,576,645 |
11,027,707 |
10.5 |
5.7 |
4.3 |
1.3 |
| Product liability |
3,559,032 |
4,286,152 |
4,448,950 |
9.9 |
20.4 |
3.8 |
0.5 |
| Other liability (2) |
84,584,864 |
94,187,764 |
95,613,953 |
21.9 |
11.4 |
1.5 |
11.2 |
| Fire |
15,559,866 |
16,467,037 |
20,955,634 |
18.0 |
5.8 |
27.3 |
2.4 |
| Allied lines |
14,766,856 |
15,653,506 |
19,424,679 |
12.3 |
6.0 |
24.1 |
2.3 |
| Inland marine |
17,618,563 |
21,241,995 |
22,675,236 |
18.4 |
20.6 |
6.7 |
2.6 |
| Ocean marine |
3,900,882 |
4,129,969 |
4,653,760 |
13.4 |
5.9 |
12.7 |
0.5 |
| Surety |
7,110,412 |
8,237,722 |
9,318,436 |
6.5 |
15.9 |
13.1 |
1.1 |
| Fidelity |
1,364,872 |
1,373,409 |
1,368,115 |
2.0 |
0.6 |
-0.4 |
0.2 |
| Burglary and theft |
427,537 |
553,100 |
531,747 |
21.8 |
29.4 |
-3.9 |
0.1 |
| Boiler and machinery |
3,369,342 |
3,641,220 |
4,276,518 |
19.2 |
8.1 |
17.4 |
0.5 |
| Financial guaranty |
372,541 |
332,216 |
291,859 |
-16.9 |
-10.8 |
-12.1 |
(7) |
| Aircraft |
1,695,569 |
1,896,339 |
2,036,220 |
12.8 |
11.8 |
7.4 |
0.2 |
| Earthquake |
2,894,251 |
3,059,133 |
3,705,470 |
23.2 |
5.7 |
21.1 |
0.4 |
| Federal flood (6) |
16,738 |
-541 |
-535 |
19.4 |
-103.2 |
-1.1 |
(7) |
| Private flood |
524,211 |
774,279 |
803,069 |
73.3 |
47.7 |
3.7 |
0.1 |
| Credit |
1,826,121 |
2,157,639 |
2,344,169 |
1.9 |
18.2 |
8.6 |
0.3 |
| Warranty |
1,426,670 |
1,238,289 |
1,188,054 |
15.2 |
-13.2 |
-4.1 |
0.1 |
| Accident and health (4) |
9,636,314 |
9,516,256 |
9,356,250 |
1.5 |
-1.2 |
-1.7 |
1.1 |
| Multiple peril crop |
7,453,144 |
10,261,858 |
10,329,976 |
21.6 |
37.7 |
0.7 |
1.2 |
| Private crop |
711,267 |
1,015,832 |
928,202 |
14.0 |
42.8 |
-8.6 |
0.1 |
| Mortgage guaranty |
4,684,479 |
4,274,086 |
4,227,993 |
-1.7 |
-8.8 |
-1.1 |
0.5 |
| International |
5,387,728 |
305,604 |
548,368 |
1550.9 |
-94.3 |
79.4 |
0.1 |
| Reinsurance (3) |
20,634,051 |
24,032,117 |
25,519,486 |
9.1 |
16.5 |
6.2 |
3.0 |
| Other lines (5) |
396,608 |
1,341,331 |
1,526,541 |
353.6 |
-74.9 |
26.0 |
0.2 |
| Total, all lines (8) |
$715,937,546 |
$776,693,264 |
$857,353,552 |
9.2% |
8.5% |
10.4% |
100.0% |
(1) After reinsurance transactions, excludes state funds.
(2) Coverages protecting against legal liability resulting from negligence, carelessness or failure to act.
(3) Only includes nonproportional reinsurance, an arrangement in which a reinsurer makes payments to an insurer whose losses exceed a predetermined amount.
(4) Premiums from certain insurers that write health insurance but file financial statements with state regulators on a property/casualty basis.
(5) Includes miscellaneous coverages.
(6) Provided by FEMA through participating private insurers.
(7) Less than 0.1 percent.
(8) May not match total premiums shown elsewhere in this book because of the use of different exhibits from SNL Financial LC.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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