Premiums

NET PREMIUMS WRITTEN, PROPERTY/CASUALTY AND LIFE/HEALTH

There are three main insurance sectors. Property/casualty (P/C) consists mainly of auto, home and commercial insurance. Life/health (L/H) consists mainly of life insurance and annuity products. Most private health insurance is written by insurers whose main business is health insurance. However, life/health and property/casualty insurers also write this coverage. P/C net premiums written rose by 4.5 percent and L/H net premiums written fell by 10.1 percent in 2013.

 

U.S. PROPERTY/CASUALTY AND LIFE/HEALTH INSURANCE PREMIUMS, 2014 (1)

(1) Property/casualty: net premiums written after reinsurance transactions, excludes state funds; life/health: premiums, annuity considerations (fees for annuity contracts) and deposit-type funds.

Source: SNL Financial LC.

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PROPERTY/CASUALTY AND LIFE/HEALTH INSURANCE NET PREMIUMS WRITTEN, 2005-2014

($000)

Year Property/casualty (1) Life/health (2) Total
2005 $422,448,786 $520,220,499 $942,669,285
2006 447,803,479 564,983,111 1,012,786,590
2007 446,179,922 596,148,902 1,042,328,824
2008 440,318,983 607,250,216 1,047,569,199
2009 423,528,077 491,637,251 915,165,328
2010 425,878,773 560,608,885 986,487,658
2011 441,562,154 602,296,889 1,043,859,043
2012 460,486,285 623,258,729 1,083,745,014
2013 481,265,997 559,949,077 1,041,215,074
2014 502,584,384 644,503,730 1,147,088,114
Percent change,
2005-2014
19.0% 23.9% 21.7%

(1) Net premiums written after reinsurance transactions, excludes state funds.
(2) Premiums, annuity considerations (fees for annuity contracts) and deposit-type funds for life/health insurance companies.

Source: SNL Financial LC.

View Archived Tables