| Fidelity Bonds, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$1,165,280 |
3.7% |
92.7 |
-0.2 pts. |
| 2015 |
1,161,375 |
-0.3 |
77.3 |
-15.4 |
| 2016 |
1,093,925 |
-5.8 |
80.1 |
2.8 |
| 2017 |
986,403 |
-9.8 |
73.9 |
-6.1 |
| 2018 |
1,215,457 |
23.2 |
73.3 |
-0.6 |
| 2019 |
1,274,474 |
4.9 |
90.6 |
17.3 |
| 2020 |
1,338,681 |
5.0 |
77.6 |
-13.0 |
| 2021 |
1,362,893 |
1.8 |
66.1 |
-11.6 |
| 2022 |
1,374,180 |
0.8 |
70.9 |
4.8 |
| 2023 |
1,368,137 |
-0.4 |
74.4 |
3.5 |
(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. |
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