| Incurred Losses for Auto Insurance, 2019-2023 (1) |
($000)
|
| |
2019 |
2020 |
2021 |
2022 |
2023 |
| Private passenger auto |
|
|
|
|
|
| Liability |
$96,168,238 |
$81,627,769 |
$95,420,729 |
$118,106,320 |
$125,667,607 |
| Physical damage |
62,628,495 |
54,659,175 |
73,802,318 |
91,033,128 |
95,379,195 |
| Commercial auto |
|
|
|
|
|
| Liability |
20,362,671 |
19,279,909 |
21,008,709 |
26,227,343 |
30,298,647 |
| Physical damage |
5,389,667 |
4,824,642 |
5,779,487 |
7,669,261 |
8,219,219 |
| Total |
$184,549,071 |
$160,391,495 |
$196,011,243 |
$243,036,052 |
$259,564,668 |
(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|