| Earthquake Insurance, 2008-2017 |
($000)
|
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2008 |
$1,259,872 |
1.1% |
33.5 |
3.5 pts. |
| 2009 |
1,288,353 |
2.3 |
36.3 |
2.8 |
| 2010 |
1,443,598 |
12.0 |
41.4 |
5.1 |
| 2011 |
1,467,372 |
1.6 |
55.8 |
14.4 |
| 2012 |
1,593,451 |
8.6 |
36.3 |
-19.5 |
| 2013 |
1,586,985 |
-0.4 |
30.3 |
-6.0 |
| 2014 |
1,641,847 |
3.5 |
34.0 |
3.7 |
| 2015 |
1,649,753 |
0.5 |
28.1 |
-5.8 |
| 2016 |
1,535,142 |
-6.9 |
34.4 |
6.2 |
| 2017 |
1,511,543 |
-1.5 |
42.3 |
8.0 |
(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. |
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