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COMMERCIAL AUTOMOBILE INSURANCE, 2002-2011

($000)

  Liability Collision/comprehensive
Year Net premiums
written (1)
Annual percent
change
Combined
ratio (2)
Annual point
change (3)
Net premiums
written (1)
Annual percent
change
Combined
ratio (2)
Annual point
change (3)
2002 $17,236,049 12.6% 108.2 -14.4 pts. $7,337,244 13.4% 93.8 -7.8 pts.
2003 18,421,284 6.9 99.5 -8.7 7,006,148 -4.5 84.5 -9.3
2004 19,560,068 6.2 96.8 -2.8 7,150,723 2.1 83.0 -1.6
2005 19,737,841 0.9 93.5 -3.2 6,945,611 -2.9 88.0 5.1
2006 19,771,985 0.2 94.2 0.6 7,000,097 0.8 87.8 -0.2
2007 18,964,860 -4.1 95.5 1.3 6,653,862 -4.9 91.1 3.3
2008 17,832,636 -6.0 97.5 2.0 5,990,259 -10.0 94.8 3.7
2009 16,574,524 -7.1 100.3 2.8 5,347,278 -10.7 97.0 2.2
2010 16,245,705 -2.0 97.1 -3.2 4,870,396 -8.9 101.6 4.6
2011 16,383,462 0.8 101.2 4.1 4,653,643 -4.5 112.1 10.5

(1) After reinsurance transactions, excluding 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 data.

Source: SNL Financial LC.