| Credit Insurance, 2007-2016 |
($000)
|
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2007 |
$1,405,444 |
28.9% |
129.3 |
43.4 |
| 2008 |
1,413,313 |
0.6 |
171.0 |
41.6 |
| 2009 |
1,224,474 |
-13.4 |
140.8 |
-30.2 |
| 2010 |
1,344,766 |
9.8 |
127.2 |
-13.6 |
| 2011 |
1,490,135 |
10.8 |
94.5 |
-32.7 |
| 2012 |
1,457,796 |
-2.2 |
91.3 |
-3.2 |
| 2013 |
1,167,315 |
-19.9 |
74.9 |
-16.4 |
| 2014 |
1,191,026 |
2.0 |
74.7 |
-0.1 |
| 2015 |
1,070,048 |
-10.2 |
76.5 |
1.8 |
| 2016 |
1,118,611 |
4.5 |
92.1 |
15.6 |
(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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