| Net Premiums Written By Line, Property/Casualty Insurance, 2020-2022 (1) |
($ millions)
|
| |
|
|
|
Percent change from
prior year |
|
| Lines of insurance |
2020 |
2021 |
2022 |
2020 |
2021 |
2022 |
Percent of
total, 2022 |
| Private passenger auto |
$243,651,281 |
$252,882,414 |
$268,045,439 |
-1.63% |
3.79% |
6.00% |
34.51% |
| Liability |
144,102,547 |
148,417,736 |
155,139,440 |
-2.16 |
2.99 |
4.53 |
19.97 |
| Collision and comprehensive |
99,548,734 |
104,464,678 |
112,905,999 |
-0.85 |
4.94 |
8.08 |
14.54 |
| Homeowners multiple peril |
96,337,734 |
103,388,421 |
113,858,720 |
4.39 |
7.32 |
10.13 |
14.66 |
| Other liability (2) |
69,379,884 |
84,584,864 |
94,186,453 |
14.69 |
21.92 |
11.35 |
12.13 |
| Commercial auto |
39,901,657 |
46,589,757 |
51,656,787 |
2.64 |
16.76 |
10.88 |
6.65 |
| Commercial multiple peril |
40,914,936 |
43,743,410 |
48,407,994 |
5.25 |
6.91 |
10.66 |
6.23 |
| Workers compensation |
42,614,903 |
43,137,129 |
47,547,324 |
-9.58 |
1.23 |
10.22 |
6.12 |
| Liability |
30,005,121 |
35,469,922 |
39,381,556 |
2.64 |
18.21 |
11.03 |
5.07 |
| Reinsurance (3) |
18,918,325 |
20,634,051 |
24,032,117 |
28.22 |
9.07 |
16.47 |
3.09 |
| Inland marine |
14,880,594 |
17,618,563 |
21,241,774 |
-4.52 |
18.40 |
20.56 |
2.73 |
| Fire |
13,187,551 |
15,559,866 |
16,466,032 |
10.58 |
17.99 |
5.82 |
2.12 |
| Allied lines |
13,150,666 |
14,766,856 |
15,651,733 |
19.96 |
12.29 |
5.99 |
2.02 |
| Collision and comprehensive |
9,896,536 |
11,119,835 |
12,275,231 |
2.66 |
12.36 |
10.39 |
1.58 |
| Medical professional liability |
9,047,840 |
10,001,987 |
10,576,645 |
4.10 |
10.55 |
5.75 |
1.36 |
| Multiple peril crop |
6,128,131 |
7,453,144 |
10,261,858 |
-5.31 |
21.62 |
37.68 |
1.32 |
| Accident and health (4) |
9,485,315 |
8,865,443 |
9,528,996 |
1.75 |
-6.54 |
7.48 |
1.23 |
| Surety |
6,677,154 |
7,110,412 |
8,237,722 |
1.92 |
6.49 |
15.85 |
1.06 |
| Other lines (5) |
1,448,177 |
6,568,314 |
1,646,926 |
-15.46 |
353.56 |
-74.93 |
0.21 |
| International |
326,356 |
5,387,728 |
305,604 |
-31.79 |
1550.87 |
-94.33 |
0.04 |
| Farmowners multiple peril |
4,436,804 |
5,343,486 |
5,636,129 |
2.70 |
20.44 |
5.48 |
0.73 |
| Mortgage guaranty |
4,765,343 |
4,684,479 |
4,274,086 |
-2.01 |
-1.70 |
-8.76 |
0.55 |
| Ocean marine |
3,441,080 |
3,900,882 |
4,129,969 |
8.15 |
13.36 |
5.87 |
0.53 |
| Product liability |
3,237,200 |
3,559,032 |
4,285,842 |
7.38 |
9.94 |
20.42 |
0.55 |
| Boiler and machinery |
2,827,603 |
3,369,342 |
3,641,220 |
10.88 |
19.16 |
8.07 |
0.47 |
| Earthquake |
2,349,315 |
2,894,251 |
3,058,911 |
20.13 |
23.20 |
5.69 |
0.39 |
| Credit |
1,792,462 |
1,826,121 |
2,157,639 |
-3.68 |
1.88 |
18.15 |
0.28 |
| Aircraft |
1,503,047 |
1,695,569 |
1,896,339 |
25.97 |
12.81 |
11.84 |
0.24 |
| Warranty |
1,238,136 |
1,426,670 |
1,238,289 |
7.17 |
15.23 |
-13.20 |
0.16 |
| Fidelity |
1,338,685 |
1,364,872 |
1,373,409 |
5.04 |
1.96 |
0.63 |
0.18 |
| Excess workers compensation |
886,907 |
929,024 |
965,606 |
-4.75 |
4.75 |
3.94 |
0.12 |
| Private crop |
623,990 |
711,267 |
1,015,832 |
-9.09 |
13.99 |
42.82 |
0.13 |
| Private Flood |
302,445 |
524,211 |
774,279 |
5.31 |
73.32 |
47.70 |
0.10 |
| Burglary and theft |
350,909 |
427,537 |
553,100 |
5.59 |
21.84 |
29.37 |
0.07 |
| Financial guaranty |
448,455 |
372,541 |
332,216 |
14.65 |
-16.93 |
-10.82 |
0.04 |
| Federal flood (6) |
14,019 |
16,738 |
-541 |
2.26 |
19.40 |
-103.23 |
(7) |
| Total, all lines (8) |
$655,589,295 |
$715,950,614 |
$776,678,854 |
2.54% |
9.21% |
8.48% |
100.00% |
(1) After reinsurance transactions, excludes state funds.
(2) Coverages protecting against legal liability resulting from negligence, carelessness or failure to act.
(3) Only includes nonproportional reinsurance, an arrangement in which a reinsurer makes payments to an insurer whose losses exceed a predetermined amount.
(4) Premiums from certain insurers that write health insurance but file financial statements with state regulators on a property/casualty basis.
(5) Includes miscellaneous coverages.
(6) Provided by FEMA through participating private insurers.
(7) Less than 0.1 percent.
(8) May not match total premiums shown elsewhere in this book because of the use of different exhibits from SNL Financial LC.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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