| Commercial Automobile Insurance, 2010-2019 |
($000)
|
| |
Liability |
Collision/comprehensive |
| Year |
Net
premiums
written (1) |
Annual
percent
change |
Combined
ratio (2) |
Annual
point
change (3) |
Net
premiums
written (1) |
Annual
percent
change |
Combined
ratio (2) |
Annual
point
change (3) |
| 2010 |
$16,249,433 |
-2.0% |
97.1 |
-3.5 pts. |
$4,870,380 |
-8.9% |
101.6 |
4.7 pts. |
| 2011 |
16,382,082 |
0.8 |
101.1 |
4.0 |
4,647,376 |
-4.6 |
112.0 |
10.4 |
| 2012 |
16,984,612 |
3.7 |
106.6 |
5.5 |
5,099,427 |
9.7 |
109.2 |
-2.9 |
| 2013 |
18,355,088 |
8.1 |
107.2 |
0.7 |
5,536,307 |
8.6 |
105.2 |
-3.9 |
| 2014 |
19,570,622 |
6.6 |
103.8 |
-3.4 |
6,123,604 |
10.6 |
103.2 |
-2.0 |
| 2015 |
20,914,990 |
6.9 |
111.4 |
7.6 |
6,725,088 |
9.8 |
100.9 |
-2.3 |
| 2016 |
21,315,245 |
1.9 |
113.5 |
2.1 |
6,949,192 |
3.3 |
102.1 |
1.2 |
| 2017 |
22,881,174 |
7.3 |
113.4 |
(4) |
7,757,275 |
11.6 |
104.2 |
2.1 |
| 2018 |
26,992,199 |
18.0 |
111.7 |
-1.7 |
8,782,227 |
13.2 |
96.9 |
-7.3 |
| 2019 |
29,347,917 |
8.7 |
114.0 |
2.3 |
9,671,004 |
10.1 |
95.6 |
-1.3 |
(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.
(4) Less than 0.1 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|