| Year |
Loss
ratio (1) |
Expense
ratio (2) |
Combined
ratio |
Dividend to
policyholders (3) |
Combined ratio
after dividends (4) |
| 2000 |
67.8 |
27.9 |
108.7 |
1.4 |
110.1 |
| 2001 |
74.8 |
27.0 |
115.0 |
0.8 |
115.8 |
| 2002 |
68.0 |
25.7 |
106.7 |
0.6 |
107.3 |
| 2003 |
61.4 |
25.1 |
99.6 |
0.5 |
100.1 |
| 2004 |
59.8 |
25.4 |
98.0 |
0.4 |
98.5 |
| 2005 |
61.2 |
25.8 |
100.3 |
0.5 |
100.7 |
| 2006 |
53.1 |
26.4 |
91.6 |
0.8 |
92.4 |
| 2007 |
56.1 |
27.2 |
95.2 |
0.6 |
95.8 |
| 2008 |
65.6 |
27.5 |
104.9 |
0.5 |
105.4 |
| 2009 |
59.8 |
28.2 |
100.5 |
0.5 |
101.0 |
(1) Losses and loss adjustment expenses incurred as a percent of net premiums earned.
(2) Expenses incurred (before federal income taxes) as a percent of net premiums written.
(3) Dividends to policyholders as a percent of net premiums earned.
(4) Based on insurers' expense exhibit and are not strictly comparable with similar data shown elsewhere.
Source: SNL Financial LC. |