| Commercial Automobile Insurance, 2007-2016 |
($000)
|
| |
Liability |
Collision/comprehensive |
| Year |
Net premiums
written (1) |
Annual
percent
change |
Combined
ratio (2) |
Annual
point
change (3) |
Net premiums
written (1) |
Annual
percent
change |
Combined
ratio (2) |
Annual
point
change (3) |
| 2007 |
$18,803,425 |
-4.6% |
95.4 |
-0.3 pts. |
$6,630,652 |
-4.6% |
91.0 |
2.5 pts. |
| 2008 |
17,833,085 |
-5.2 |
97.4 |
2.0 |
5,989,108 |
-9.7 |
94.7 |
3.7 |
| 2009 |
16,581,981 |
-7.0 |
100.6 |
3.1 |
5,347,981 |
-10.7 |
96.9 |
2.3 |
| 2010 |
16,249,433 |
-2.0 |
97.1 |
-3.5 |
4,870,380 |
-8.9 |
101.6 |
4.7 |
| 2011 |
16,382,082 |
0.8 |
101.1 |
4.0 |
4,647,376 |
-4.6 |
112.0 |
10.4 |
| 2012 |
16,984,612 |
3.7 |
106.6 |
5.5 |
5,099,427 |
9.7 |
109.2 |
-2.9 |
| 2013 |
18,355,088 |
8.1 |
107.2 |
0.7 |
5,536,307 |
8.6 |
105.2 |
-3.9 |
| 2014 |
19,570,622 |
6.6 |
103.7 |
-3.5 |
6,123,604 |
10.6 |
103.2 |
-2.0 |
| 2015 |
20,914,990 |
6.9 |
111.4 |
7.7 |
6,725,088 |
9.8 |
100.9 |
-2.3 |
| 2016 |
21,310,616 |
1.9 |
113.5 |
2.1 |
6,945,671 |
3.3 |
102.1 |
1.2 |
(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. |
|