| Inland Marine Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$10,990,045 |
8.3% |
83.3 |
-0.2 pts. |
| 2015 |
11,417,332 |
3.9 |
83.8 |
0.4 |
| 2016 |
11,407,517 |
-0.1 |
83.4 |
-0.3 |
| 2017 |
11,973,638 |
5.0 |
90.0 |
6.5 |
| 2018 |
14,588,646 |
21.8 |
86.3 |
-3.7 |
| 2019 |
15,605,039 |
7.0 |
86.5 |
0.2 |
| 2020 |
14,905,158 |
-4.5 |
97.9 |
11.4 |
| 2021 |
17,614,034 |
18.2 |
86.8 |
-11.1 |
| 2022 |
21,274,924 |
20.8 |
86.1 |
-0.7 |
| 2023 |
22,692,573 |
6.7 |
82.1 |
-4.0 |
(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 numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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