| Warranty Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$1,020,188 |
-11.7% |
93.5 |
-10.8 pts. |
| 2015 |
1,017,790 |
-0.2 |
107.9 |
14.4 |
| 2016 |
930,240 |
-8.6 |
88.8 |
-19.1 |
| 2017 |
1,090,590 |
17.2 |
90.6 |
1.8 |
| 2018 |
1,247,678 |
14.4 |
95.4 |
4.8 |
| 2019 |
1,155,275 |
-7.4 |
102.3 |
6.9 |
| 2020 |
1,238,138 |
7.2 |
84.6 |
-17.6 |
| 2021 |
1,426,672 |
15.2 |
87.7 |
3.1 |
| 2022 |
1,238,287 |
-13.2 |
88.2 |
0.5 |
| 2023 |
1,183,883 |
-4.4 |
95.2 |
7.0 |
(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 data.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|