| Multiple Peril Crop Insurance, 2007-2016 (1) |
($000)
|
| Year |
Net premiums written (2) |
Annual percent change |
Combined ratio (3) |
Annual point change (4) |
| 2007 |
$3,648,996 |
29.2% |
74.7 |
-3.2 pts. |
| 2008 |
5,077,625 |
39.2 |
90.1 |
15.3 |
| 2009 |
3,964,690 |
-21.9 |
79.7 |
-10.4 |
| 2010 |
3,501,631 |
-11.7 |
73.9 |
-5.8 |
| 2011 |
5,456,991 |
55.8 |
90.6 |
16.8 |
| 2012 |
5,321,811 |
-2.5 |
104.0 |
13.3 |
| 2013 |
4,942,547 |
-7.1 |
103.3 |
-0.7 |
| 2014 |
4,189,765 |
-15.2 |
104.9 |
1.6 |
| 2015 |
3,680,768 |
-12.1 |
99.9 |
-5.1 |
| 2016 |
3,321,281 |
-9.8 |
81.7 |
-18.2 |
(1) Includes private crop insurance in 2013 and prior years.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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