Net Premiums Written By Line, Property/Casualty Insurance 2015-2017 (1) |
($ millions)
|
|
|
|
|
Percent change from
prior year |
|
Lines of insurance |
2015 |
2016 |
2017 |
2015 |
2016 |
2017 |
Percent of
total, 2017 |
Private passenger auto |
$192,792.2 |
$207,371.5 |
$222,234.9 |
5.1% |
7.6% |
7.2% |
39.8% |
Liability |
116,305.8 |
124,439.7 |
133,745.2 |
3.5 |
7.0 |
7.5 |
24.0 |
Collision and comprehensive |
76,486.4 |
82,931.8 |
88,489.7 |
7.6 |
8.4 |
6.7 |
15.9 |
Homeowners multiple peril |
79,931.3 |
81,191.5 |
82,811.3 |
2.6 |
1.6 |
2.0 |
14.8 |
Other liability (2) |
45,585.8 |
44,591.9 |
46,675.2 |
3.2 |
-2.2 |
4.7 |
8.4 |
Workers compensation |
45,355.1 |
45,619.8 |
45,047.4 |
3.7 |
0.6 |
-1.3 |
8.1 |
Commercial multiple peril |
34,741.7 |
34,099.7 |
34,190.7 |
1.1 |
-1.8 |
0.3 |
6.1 |
Commercial auto |
27,640.1 |
28,264.4 |
30,638.4 |
7.6 |
2.3 |
8.4 |
5.5 |
Liability |
20,915.0 |
21,315.2 |
22,881.2 |
6.9 |
1.9 |
7.3 |
4.1 |
Collision and comprehensive |
6,725.1 |
6,949.2 |
7,757.3 |
9.8 |
3.3 |
11.6 |
1.4 |
Reinsurance (3) |
12,411.4 |
11,600.0 |
12,259.1 |
7.6 |
-6.5 |
5.7 |
2.2 |
Inland marine |
11,417.3 |
11,407.5 |
11,973.6 |
3.9 |
-0.1 |
5.0 |
2.1 |
Fire |
11,417.8 |
11,005.9 |
10,688.2 |
-0.7 |
-3.6 |
-2.9 |
1.9 |
Accident and health (4) |
7,819.2 |
8,325.0 |
9,992.5 |
1.1 |
6.5 |
20.0 |
1.8 |
Allied lines |
9,119.7 |
9,758.6 |
8,711.2 |
-1.0 |
7.0 |
-10.7 |
1.6 |
Medical malpractice |
8,201.4 |
8,194.9 |
8,062.0 |
-3.2 |
-0.1 |
-1.6 |
1.4 |
Surety |
5,139.9 |
5,138.5 |
5,368.8 |
2.8 |
(5) |
4.5 |
1.0 |
Multiple peril crop |
3,680.8 |
3,321.3 |
4,742.0 |
-12.1 |
-9.8 |
42.8 |
0.8 |
Mortgage guaranty |
4,681.9 |
4,410.8 |
4,376.8 |
12.0 |
-5.8 |
-0.8 |
0.8 |
Farmowners multiple peril |
3,762.5 |
3,802.2 |
3,925.3 |
3.7 |
1.1 |
3.2 |
0.7 |
Product liability |
2,796.8 |
2,422.7 |
2,689.1 |
4.6 |
-13.4 |
11.0 |
0.5 |
Ocean marine |
2,831.6 |
2,549.4 |
2,370.5 |
-2.7 |
-10.0 |
-7.0 |
0.4 |
Boiler and machinery |
1,682.1 |
1,892.2 |
2,043.2 |
-15.9 |
12.5 |
8.0 |
0.4 |
Earthquake |
1,649.8 |
1,535.1 |
1,511.5 |
0.5 |
-6.9 |
-1.5 |
0.3 |
Credit |
1,070.0 |
1,118.6 |
1,221.0 |
-10.2 |
4.5 |
9.2 |
0.2 |
Warranty |
1,017.8 |
930.2 |
1,090.6 |
-0.2 |
-8.6 |
17.2 |
0.2 |
Other lines (6) |
1,064.7 |
914.8 |
1,080.4 |
-0.8 |
-14.1 |
18.1 |
0.2 |
Fidelity |
1,161.4 |
1,093.9 |
986.4 |
-0.3 |
-5.8 |
-9.8 |
0.2 |
Aircraft |
929.0 |
871.9 |
861.0 |
-7.6 |
-6.1 |
-1.2 |
0.2 |
Excess workers compensation |
929.4 |
889.2 |
796.6 |
1.0 |
-4.3 |
-10.4 |
0.1 |
Private crop |
584.6 |
455.4 |
498.8 |
0.3 |
-22.1 |
9.5 |
0.1 |
Private flood |
NA |
277.8 |
471.0 |
NA |
NA |
69.5 |
0.1 |
Financial guaranty |
418.8 |
364.5 |
420.8 |
-14.3 |
-13.0 |
15.4 |
0.1 |
International |
82.0 |
82.6 |
265.2 |
-34.4 |
0.8 |
220.9 |
(5) |
Burglary and theft |
230.8 |
255.5 |
222.9 |
2.0 |
10.7 |
-12.7 |
(5) |
Federal flood (7) |
3.0 |
4.3 |
12.8 |
-64.8 |
43.3 |
197.8 |
(5) |
Total, all lines (8) |
$520,149.8 |
$533,762.0 |
$558,239.4 |
3.4% |
2.6% |
4.6% |
100.0% |
(1) After reinsurance transactions, excludes state funds.
(2) Coverages protecting against legal liability resulting from negligence, carelessness or failure to act.
(3) Only includes nonproportional reinsurance, an arrangement in which a reinsurer makes payments to an insurer whose losses exceed a predetermined amount.
(4) Premiums from certain insurers that write health insurance but file financial statements with state regulators on a property/casualty basis.
(5) Less than 0.1 percent.
(6) Includes miscellaneous coverages.
(7) Provided by FEMA through participating private insurers.
(8) May not match total premiums shown elsewhere in this book because of the use of different exhibits from S&P Global Market Intelligence.
NA=Data not available.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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