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, 2013 (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, 2004-2013

($000)

Year Property/casualty (1) Life/health (2) Total
2004 $425,465,344 $507,250,884 $932,716,228
2005 422,448,786 520,220,499 942,669,285
2006 447,803,479 574,660,770 1,022,464,249
2007 446,179,922 608,878,377 1,055,058,299
2008 440,318,983 607,469,969 1,047,788,952
2009 423,528,077 491,845,993 915,374,070
2010 425,878,773 560,737,868 986,616,641
2011 441,562,154 602,522,189 1,044,084,343
2012 460,486,285 623,563,597 1,084,049,882
2013 481,237,455 560,279,427 1,041,516,882
Percent change,
2004-2013
13.1% 10.5% 11.7%

(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