| Multiple Peril Crop Insurance, 2012-2021 (1) |
($000)
|
| Year |
Net premiums
written (2) |
Annual percent
change |
Combined
ratio (3) |
Annual point
change (4) |
| 2012 |
$5,321,811 |
-2.5% |
104.0 |
13.3 pts. |
| 2013 |
4,942,547 |
-7.1 |
103.3 |
-0.7 |
| 2014 |
4,189,765 |
-15.2 |
104.9 |
1.6 |
| 2015 |
3,680,768 |
-12.1 |
99.9 |
-5.1 |
| 2016 |
3,321,281 |
-9.8 |
81.7 |
-18.2 |
| 2017 |
4,742,005 |
42.8 |
95.8 |
14.1 |
| 2018 |
5,380,068 |
13.5 |
85.0 |
-10.8 |
| 2019 |
6,478,428 |
20.4 |
108.7 |
23.6 |
| 2020 |
6,128,159 |
-5.4 |
100.5 |
-8.2 |
| 2021 |
7,451,620 |
21.6 |
94.9 |
-5.6 |
(1) Includes private crop insurance, 2013 and prior.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|