| Year |
Loss ratio (1) |
Expense ratio (2) |
Combined ratio |
Dividends to policyholders (3) |
Combined ratio after dividends (4) |
| 1999 |
78.5 |
27.9 |
106.4 |
1.2 |
107.6 |
| 2000 |
81.0 |
27.5 |
108.5 |
1.4 |
109.9 |
| 2001 |
88.1 |
26.6 |
114.7 |
0.8 |
115.5 |
| 2002 |
81.0 |
25.4 |
106.4 |
0.6 |
107.0 |
| 2003 |
74.7 |
24.9 |
99.6 |
0.5 |
100.1 |
| 2004 |
72.8 |
25.3 |
98.1 |
0.4 |
98.5 |
| 2005 |
74.5 |
25.7 |
100.2 |
0.5 |
100.7 |
| 2006 |
65.2 |
26.4 |
91.6 |
0.8 |
92.4 |
| 2007 |
68.0 |
27.1 |
95.1 |
0.6 |
95.7 |
| 2008 |
77.5 |
27.5 |
105.0 |
0.5 |
105.5 |
(1) Losses and loss adjustment expenses incurred as a percent of net premiums earned.
(2) Expenses incurred (before federal income taxes) as a percent of net premiums written.
(3) Dividends to policyholders as a percent of net premiums earned.
(4) Based on insurers' expense exhibit and are not strictly comparable with similar data shown elsewhere.
Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.
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