HOMEOWNERS MULTIPLE PERIL INSURANCE UNDERWRITING SNAPSHOT, 2010 (1)
| Net premiums earned ($000) |
$59,721,095 |
Components of underwriting, as a percent
of net premiums earned |
Ìý |
| ÌýÌýÌýÌý Incurred losses |
66.4% |
| ÌýÌýÌýÌý Loss adjustment expenses |
10.1 |
| ÌýÌýÌýÌý Total loss and loss adjustment expenses |
76.5 |
| ÌýÌýÌýÌý Commissions and brokerage expenses incurred |
13.1 |
| ÌýÌýÌýÌý Other underwriting expenses incurred |
17.7 |
| ÌýÌýÌýÌý Total underwriting expenses incurred |
30.8 |
| ÌýÌýÌýÌý Dividends to policyholdersÌý |
0.5 |
ÌýÌýÌýÌý Investment gains on funds attributable to
ÌýÌýÌýÌý insurance transactions and other income |
3.1 |
| Combined ratio after dividends |
107.0 |
| Overall operating ratio (2) |
103.9 |
|
(1) After reinsurance transactions.
(2) Combined ratio after dividends, minus investment gains on funds attributable to insurance transactions and other income. Calculated by the Insurance Information Institute, based on SNL data.
Source: SNL Financial LC.
HOMEOWNERS MULTIPLE PERIL INSURANCE UNDERWRITING SNAPSHOT, 2011 (1)
| Net premiums earned ($000) |
$62,575,078 |
| Components of underwriting |
As a percent of net
premiums earned |
| ÌýÌýÌýÌý Incurred losses |
80.8% |
| ÌýÌýÌýÌý Loss adjustment expenses |
11.2 |
| ÌýÌýÌýÌý Total loss and loss adjustment expenses |
92.0% |
| ÌýÌýÌýÌý Commissions and brokerage expenses incurred |
12.7 |
| ÌýÌýÌýÌý Other underwriting expenses incurred |
17.7 |
| ÌýÌýÌýÌý Total underwriting expenses incurred |
122.4% |
| ÌýÌýÌýÌý Dividends to policyholdersÌý |
0.4 |
ÌýÌýÌýÌý Investment gains on funds attributable to
ÌýÌýÌýÌý insurance transactions and other income |
2.9 |
| Combined ratio after dividendsÌý |
122.3 |
| Overall operating ratio (2) |
119.4 |
|
(1) After reinsurance transactions.
(2) Combined ratio after dividends, minus investment gains on funds attributable to insurance transactions and other income. Calculated by the Insurance Information Institute, based on SNL Financial data.
Source: SNL Financial LC.
HOMEOWNERS INSURANCE INDUSTRY UNDERWRITING EXPENSES, 2012 (1)
| LOSSES AND RELATED EXPENSES (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
72.8% |
| ÌýÌýÌýÌýIncurred losses |
62.6 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
8.5 |
| OPERATING EXPENSES (3) |
Ìý |
| Expense ratio |
29.7% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.7 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
9.1 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| DIVIDENDS TO POLICYHOLDERS (2) |
0.5% |
| COMBINED RATIO AFTER DIVIDENDS (4) |
103.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($65.7 billion in 2012).
(3) As of percent of net premiums written ($67.8 billion in 2012).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: SNL Financial LC.
HOMEOWNERS INSURANCE INDUSTRY UNDERWRITING EXPENSES, 2013 (1)
| Expense |
Percent of premiums |
| LOSSES AND RELATED EXPENSES (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
59.6% |
| ÌýÌýÌýÌýIncurred losses |
50.5 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.5 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.6 |
| OPERATING EXPENSES (3) |
Ìý |
| Expense ratio |
29.5% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.7 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
9.0 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.2 |
| DIVIDENDS TO POLICYHOLDERS (2) |
0.5% |
| COMBINED RATIO AFTER DIVIDENDS (4) |
89.6% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($70.3 billion in 2013).
(3) As a percent of net premiums written ($72.8 billion in 2013).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: SNL Financial LC.
HOMEOWNERS INSURANCE INDUSTRY UNDERWRITING EXPENSES, 2014 (1)
| Expense |
Percent of premiums |
| LOSSES AND RELATED EXPENSES (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
62.1% |
| ÌýÌýÌýÌýIncurred losses |
53.0 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.6 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.4 |
| OPERATING EXPENSES (3) |
Ìý |
| Expense ratio |
29.0% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.7 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.5 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.2 |
| DIVIDENDS TO POLICYHOLDERS (2) |
0.5% |
| COMBINED RATIO AFTER DIVIDENDS (4) |
91.6% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($75.3 billion in 2014).
(3) As a percent of net premiums written ($77.9 billion in 2014).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: SNL Financial LC.
Homeowners Insurance Industry Underwriting Expenses, 2015 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
61.6% |
| ÌýÌýÌýÌýIncurred losses |
52.5 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.5 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.5 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
29.1% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.6 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| Dividends to policyholders (2) |
0.5% |
| Combined ratio after dividends (4) |
91.3% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($78.6 billion in 2015).
(3) As a percent of net premiums written ($79.9 billion in 2015).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Underwriting Expenses, 2016 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
63.8% |
| ÌýÌýÌýÌýIncurred losses |
54.8 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.6 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.4 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.9% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.8 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
93.1% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($81.1 billion in 2016).
(3) As a percent of net premiums written ($81.2 billion in 2016).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Underwriting Expenses, 2017 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
78.8% |
| ÌýÌýÌýÌýIncurred losses |
69.0 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
8.1 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.9% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.5 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.5 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
108.1% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($81.8 billion in 2017).
(3) As a percent of net premiums written ($82.8 billion in 2017).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute
Homeowners Insurance Industry Losses And Underwriting Expenses, 2018 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
73.9% |
| ÌýÌýÌýÌýIncurred losses |
65.1 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.1 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.7% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.7 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.2 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| Dividends to policyholders (2) |
0.5% |
| Combined ratio after dividends (4) |
103.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($86.3 billion in 2018).
(3) As a percent of net premiums written ($88.9 billion in 2018).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Losses And Underwriting Expenses, 2019 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
68.7% |
| ÌýÌýÌýÌýIncurred losses |
59.8 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.1 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.6% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.2 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.5 |
| Dividends to policyholders (2) |
0.6% |
| Combined ratio after dividends (4) |
97.9% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($90.5 billion in 2019).
(3) As a percent of net premiums written ($93.0 billion in 2019).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Underwriting Expenses, 2020 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
77.0% |
| ÌýÌýÌýÌýIncurred losses |
67.5 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.8 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.7 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.3% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.5 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.9 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.6 |
| Dividends to policyholders (2) |
0.5% |
| Combined ratio after dividends (4) |
105.9% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($94.6 billion in 2020).
(3) As a percent of net premiums written ($97.0 billion in 2020).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Underwriting Expenses, 2021 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
76.0% |
| ÌýÌýÌýÌýIncurred losses |
67.0 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.9 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.0 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
27.9% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.1 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.8 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.4 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
104.3% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($99.5 billion in 2021).
(3) As a percent of net premiums written ($104.2 billion in 2021).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Underwriting Expenses, 2022 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
77.2% |
| ÌýÌýÌýÌýIncurred losses |
68.1 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.8 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.3 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
26.5% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.1 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.5 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.1 |
| ÌýÌýÌýÌýGeneral expenses incurred |
4.6 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
104.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($108.8 billion in 2022).
(3) As a percent of net premiums written ($114.9 billion in 2022).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Homeowners Insurance Industry Underwriting Expenses, 2022 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
77.2% |
| ÌýÌýÌýÌýIncurred losses |
68.1 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.8 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.3 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
26.5% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.1 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.5 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.1 |
| ÌýÌýÌýÌýGeneral expenses incurred |
4.6 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
104.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($108.8 billion in 2022).
(3) As a percent of net premiums written ($114.9 billion in 2022).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.