| Workers Compensation Insurance, 2012-2021 |
($000)
|
| |
|
|
Combined ratio (1) |
| Year |
Net premiums
written (2) |
Annual percent
change |
Calendar
year (3) |
Annual point
change (4) |
Accident
year (5) |
Annual point
change |
| 2012 |
$38,947,491 |
9.2% |
110.4 |
-7.2 pts. |
101 |
-8 pts. |
| 2013 |
41,147,216 |
5.6 |
103.0 |
-7.4 |
94 |
-7 |
| 2014 |
43,753,885 |
6.3 |
101.9 |
-1.2 |
89 |
-5 |
| 2015 |
45,355,102 |
3.7 |
95.5 |
-6.4 |
87 |
-2 |
| 2016 |
45,619,831 |
0.6 |
95.6 |
0.1 |
86 |
-1 |
| 2017 |
45,047,380 |
-1.3 |
92.2 |
-3.4 |
88 |
2 |
| 2018 |
48,614,131 |
7.9 |
86.3 |
-5.8 |
91 |
3 |
| 2019 |
47,146,756 |
-3.0 |
88.3 |
2.0 |
96 |
5 |
| 2020 |
42,529,620 |
-9.8 |
90.2 |
1.9 |
99 |
3 |
| 2021 |
42,680,678 |
0.4 |
91.5 |
1.3 |
102 (6) |
3 |
(1) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(2) After reinsurance transactions, excludes state funds.
(3) Calendar year data are from S&P Global Market Intelligence.
(4) Calculated from unrounded data.
(5) Accident year data are from the National Council on Compensation Insurance (NCCI).
(6) As Reported: NAIC’s Annual Statement Schedule P—Part 1D data as of 12/31/2021.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute; ©National Council on Compensation Insurance. |
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