| Farmowners Multiple Peril Insurance, 2007-2016 |
($000)
|
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2007 |
$2,413,562 |
4.9% |
98.1 |
-25.0 pts. |
| 2008 |
2,586,861 |
7.2 |
119.5 |
21.3 |
| 2009 |
2,612,262 |
1.0 |
107.9 |
-11.6 |
| 2010 |
2,754,955 |
5.5 |
108.2 |
0.3 |
| 2011 |
2,932,576 |
6.4 |
117.4 |
9.2 |
| 2012 |
3,277,423 |
11.8 |
99.5 |
-17.9 |
| 2013 |
3,511,651 |
7.1 |
93.9 |
-5.6 |
| 2014 |
3,628,084 |
3.3 |
94.7 |
0.7 |
| 2015 |
3,762,451 |
3.7 |
89.9 |
-4.8 |
| 2016 |
3,802,197 |
1.1 |
93.7 |
3.8 |
(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. |
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