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Net Premiums Written And Combined Ratio, Property/Casualty Insurance, 2013-2022

($ billions)

Year Net premiums written (1) Annual percent change Combined ratio after dividends (2) Annual point change (3) Year Net premiums written (1) Annual percent change Combined ratio after dividends (2) Annual point change (3)
2013 $481.8 4.5% 96.35 -6.8 pts. 2018 $618.3 10.7% 99.26 -4.5 pts.
2014 503.1 4.4 97.19 0.8 2019 639.9 3.5 98.99 -0.3
2015 520.6 3.5 97.94 0.8 2020 655.8 2.5 98.77 -0.2
2016 534.0 2.6 100.76 2.8 2021 715.7 9.1 99.72 0.9
2017 558.5 4.6 103.77 3.0 2022 724.7 1.3 102.41 2.7
(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.