| Surety Bonds, 2008-2017 |
($000)
|
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2008 |
$4,960,250 |
3.8% |
67.0 |
-3.2 pts. |
| 2009 |
4,835,409 |
-2.5 |
79.5 |
12.6 |
| 2010 |
4,851,328 |
0.3 |
70.7 |
-8.8 |
| 2011 |
4,849,480 |
(4) |
72.9 |
2.2 |
| 2012 |
4,695,782 |
-3.2 |
76.8 |
3.9 |
| 2013 |
4,868,847 |
3.7 |
72.7 |
-4.0 |
| 2014 |
5,000,382 |
2.7 |
69.5 |
-3.3 |
| 2015 |
5,139,873 |
2.8 |
73.8 |
4.3 |
| 2016 |
5,138,543 |
(4) |
72.0 |
-1.8 |
| 2017 |
5,368,773 |
4.5 |
72.1 |
0.2 |
(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.
(4) Less than 0.1 percent.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|