| Warranty Insurance, 2008-2017 |
($000)
|
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2008 |
$2,086,935 |
NA |
94.3 |
NA |
| 2009 |
1,757,247 |
-15.8% |
97.9 |
3.6 pts. |
| 2010 |
1,864,139 |
6.1 |
106.4 |
8.5 |
| 2011 |
1,695,799 |
-9.0 |
97.1 |
-9.3 |
| 2012 |
1,386,404 |
-18.2 |
99.5 |
2.5 |
| 2013 |
1,155,338 |
-16.7 |
104.2 |
4.7 |
| 2014 |
1,020,188 |
-11.7 |
93.5 |
-10.8 |
| 2015 |
1,017,790 |
-0.2 |
107.9 |
14.4 |
| 2016 |
930,240 |
-8.6 |
88.8 |
-19.1 |
| 2017 |
1,090,590 |
17.2 |
90.6 |
1.8 |
(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.
NA=Data not available.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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