| Private Flood Insurance, 2016-2020 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2016 |
$277,819.0 |
NA |
93.8 |
NA |
| 2017 |
470,961.0 |
69.5% |
186.1 |
92.3 pts. |
| 2018 |
540,875.0 |
14.8 |
55.0 |
-131.1 |
| 2019 |
287,197.0 |
-46.9 |
58.5 |
3.5 |
| 2020 |
302,444.0 |
5.3 |
50.7 |
-7.8 |
(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 numbers.
NA=Data not available.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|