| Medical Professional Liability Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$8,475,474 |
-0.7% |
104.8 |
15.4 pts. |
| 2015 |
8,201,438 |
-3.2 |
102.3 |
-2.5 |
| 2016 |
8,194,935 |
-0.1 |
106.4 |
4.1 |
| 2017 |
8,062,046 |
-1.6 |
101.6 |
-4.8 |
| 2018 |
8,403,838 |
4.2 |
104.2 |
2.6 |
| 2019 |
8,724,352 |
3.8 |
112.3 |
8.1 |
| 2020 |
9,018,671 |
3.4 |
113.7 |
1.4 |
| 2021 |
10,038,410 |
11.3 |
107.9 |
-5.8 |
| 2022 |
10,615,760 |
5.8 |
102.4 |
-5.5 |
| 2023 |
11,083,170 |
4.4 |
109.8 |
7.4 |
(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 numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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