| Financial Guaranty Insurance, 2013-2022 (1) |
($000)
|
| Year |
Net premiums
written (2) |
Annual percent
change |
Combined
ratio (3) |
Annual point
change (4) |
| 2013 |
$710,480 |
2.6% |
-3.4 |
-184.9 pts |
| 2014 |
488,482 |
-31.2 |
91.3 |
94.7 |
| 2015 |
418,792 |
-14.3 |
99.0 |
7.8 |
| 2016 |
364,531 |
-13.0 |
177.6 |
78.6 |
| 2017 |
420,844 |
15.4 |
318.7 |
141.1 |
| 2018 |
364,313 |
-13.4 |
130.5 |
-188.3 |
| 2019 |
391,160 |
7.4 |
181.6 |
51.1 |
| 2020 |
448,456 |
14.6 |
246.2 |
64.6 |
| 2021 |
372,543 |
-16.9 |
47.0 |
-199.2 |
| 2022 |
332,216 |
-10.8 |
105.1 |
58.1 |
(1) Based on Insurance Expense Exhibit (IEE) data. Financial Guaranty Insurance Co. did not file an IEE in 2012. Several companies in 2013 reduced loss reserves as a result of strains from the financial crisis, creating a negative combined ratio.
(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. |
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