| Private Flood Insurance, 2017-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2017 |
$470,961 |
69.5% |
186.1 |
92.3 pts. |
| 2018 |
540,875 |
14.8 |
55.0 |
-131.1 |
| 2019 |
287,197 |
-46.9 |
58.5 |
3.5 |
| 2020 |
302,444 |
5.3 |
50.7 |
-7.8 |
| 2021 |
524,209 |
73.3 |
65.0 |
14.3 |
| 2022 |
774,250 |
47.7 |
70.9 |
5.9 |
| 2023 |
803,075 |
3.7 |
33.7 |
-37.3 |
(1) After reinsurance transactions, excludes state funds and premiums written by private insurers participating in the National Flood
Insurance Program's Write Your Own program.
(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. |
|