| CROP-HAIL INSURANCE, 2005-2014 |
($000)
|
| Year |
Direct premiums written (1) |
Annual percent change |
Loss ratio (2) |
Annual point change |
| 2005 |
$434,711 |
1.7% |
44 |
-14 pts. |
| 2006 |
405,254 |
-6.8 |
50 |
6 |
| 2007 |
489,649 |
20.8 |
48 |
-2 |
| 2008 |
669,436 |
36.7 |
83 |
35 |
| 2009 |
621,322 |
-7.2 |
91 |
8 |
| 2010 |
682,188 |
9.8 |
67 |
-24 |
| 2011 |
843,801 |
23.7 |
116 |
49 |
| 2012 |
958,163 |
13.6 |
74 |
-42 |
| 2013 |
958,857 |
0.1 |
67 |
-7 |
| 2014 |
991,748 |
3.4 |
122 |
55 |
(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.
Source: National Crop Insurance Services. |
|