| Financial Guaranty Insurance, 2007-2016 (1) |
($000)
|
| Year |
Net premiums written (2) |
Annual percent change |
Combined ratio (3) |
Annual point change (4) |
| 2007 |
$3,038,889 |
40.5% |
152.4 |
104.8 pts. |
| 2008 |
3,171,560 |
4.4 |
421.4 |
268.9 |
| 2009 |
1,793,410 |
-43.5 |
100.6 |
-320.7 |
| 2010 |
1,371,908 |
-23.5 |
228.4 |
127.8 |
| 2011 |
968,898 |
-29.4 |
219.0 |
-9.4 |
| 2012 |
692,541 |
-28.5 |
181.6 |
-37.4 |
| 2013 |
710,480 |
2.6 |
-3.4 |
-184.9 |
| 2014 |
488,482 |
-31.2 |
91.3 |
94.7 |
| 2015 |
418,792 |
-14.3 |
99.0 |
7.8 |
| 2016 |
364,531 |
-13.0 |
177.6 |
78.6 |
(1) Based on Insurance Expense Exhibit (IEE) data. Financial Guaranty Insurance Co. did not file an IEE in 2012. Several companies in 2013 reduced loss reserves as a result of strains from the financial crisis, creating a negative combined ratio.
(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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