| Private Passenger Automobile Insurance, 2011-2020 |
($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) |
| 2011 |
$100,369,441 |
2.8% |
103.8 |
-2.1 pts. |
$62,948,280 |
0.6% |
99.6 |
0.4 pts. |
| 2012 |
103,429,677 |
3.0 |
103.2 |
-0.6 |
64,619,667 |
2.7 |
100.2 |
6.3 |
| 2013 |
107,446,382 |
3.9 |
103.6 |
0.4 |
67,452,663 |
4.4 |
98.7 |
0.6 |
| 2014 |
112,354,903 |
4.6 |
103.8 |
0.2 |
71,096,640 |
5.4 |
100.2 |
-1.5 |
| 2015 |
116,305,809 |
3.5 |
107.9 |
4.2 |
76,486,433 |
7.6 |
99.4 |
1.5 |
| 2016 |
124,439,721 |
7.0 |
109.4 |
1.5 |
82,931,826 |
8.4 |
101.5 |
-0.8 |
| 2017 |
133,745,174 |
7.5 |
105.5 |
-3.9 |
88,489,745 |
6.7 |
98.3 |
2.1 |
| 2018 |
144,450,175 |
8.0 |
100.5 |
-5.0 |
96,475,072 |
9.0 |
93.7 |
-3.2 |
| 2019 |
147,302,499 |
2.0 |
101.6 |
1.1 |
100,443,264 |
4.1 |
94.6 |
-4.6 |
| 2020 |
144,110,581 |
-2.2 |
94.8 |
-6.7 |
99,606,206 |
-0.8 |
89.2 |
0.9 |
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|