Premiums by Line

In 2011 commercial lines net premiums written totaled $214.9 billion, or 48.7 percent of property/casualty net premiums written. Personal lines totaled $226.8 billion, or 51.3 percent.

 

NET PREMIUMS WRITTEN BY LINE, PROPERTY/CASUALTY INSURANCE, 2011-2013 (1)

($ millions)

        Percent change from
prior year
 
Lines of insurance 2011 2012 2013 2011 2012 2013 Percent of
total, 2013
Private passenger auto $163,317.7 $168,049.3 $174,898.0 1.9% 2.9% 4.1% 36.3%
     Liability 100,369.4 103,429.7 107,446.4 2.8 3.0 3.9 22.3
     Collision and comprehensive 62,948.3 64,619.7 67,451.6 0.6 2.7 4.4 14.0
Commercial auto 21,029.5 22,084.0 23,889.5 -0.4 5.0 8.2 5.0
     Liability 16,382.1 16,984.6 18,353.3 0.8 3.7 8.1 3.8
     Collision and comprehensive 4,647.4 5,099.4 5,536.2 -4.6 9.7 8.6 1.2
Fire 10,318.0 10,795.6 11,229.4 1.2 4.6 4.0 2.3
Allied lines  7,800.2 8,161.3 9,250.5 4.1 4.6 13.3 1.9
Multiple peril crop 5,457.0 5,321.8 4,942.5 55.8 -2.5 -7.1 1.0
Federal flood (2) 23.9 0.4 5.1 288.9 -98.2 1,110.4 (3)
Farmowners multiple peril 2,932.6 3,277.4 3,511.7 6.4 11.8 7.1 0.7
Homeowners multiple peril 64,131.1 67,847.0 72,773.2 4.0 5.8 7.3 15.1
Commercial multiple peril 29,995.2 31,502.7 33,244.7 3.7 5.0 5.5 6.9
Mortgage guaranty 4,242.3 3,965.9 4,329.9 -0.2 -6.5 9.2 0.9
Ocean marine 2,760.9 2,704.7 2,863.5 0.7 -2.0 5.9 0.6
Inland marine 8,768.8 9,603.7 10,147.0 2.8 9.5 5.7 2.1
Financial guaranty 968.9 692.5 710.5 -29.4 -28.5 2.6 0.1
Medical malpractice 8,833.4 8,713.6 8,530.8 -2.9 -1.4 -2.1 1.8
Earthquake 1,467.4 1,593.5 1,587.0 1.6 8.6 -0.4 0.3
Accident and health (4) 7,685.8 7,941.1 7,538.6 2.4 3.3 -5.1 1.6
Workers compensation 35,664.2 38,747.6 40,897.0 12.7 8.6 5.5 8.5
Excess workers compensation 816.4 815.8 844.1 2.1 -0.1 3.5 0.2
Products liability 2,320.5 2,575.2 2,718.9 13.2 11.0 5.6 0.6
Other liability (5) 36,511.6 38,307.7 42,053.1 2.0 4.9 9.8 8.7
Aircraft 1,121.9 1,160.5 1,067.7 1.7 3.4 -8.0 0.2
Fidelity 1,098.2 1,096.4 1,124.2 1.4 -0.2 2.5 0.2
Surety 4,849.5 4,695.8 4,868.8 (3) -3.2 3.7 1.0
Burglary and theft 194.7 220.8 205.2 16.5 13.4 -7.1 (3)
Boiler and machinery 1,810.9 1,887.6 1,979.5 5.2 4.2 4.9 0.4
Credit 1,490.1 1,457.8 1,167.3 10.8 -2.2 -19.9 0.2
Warranty 1,695.8 1,386.4 1,155.3 -9.0 -18.2 -16.7 0.2
International 92.8 105.8 113.2 -28.6 14.0 6.9 (3)
Reinsurance (6) 13,192.7 14,673.9 12,458.6 15.5 11.2 -15.1 2.6
Other lines (7)  970.2 1,100.2 1,132.4 -7.1 13.4 2.9 0.2
Total, all lines (8)   $441,562.2 $460,486.3 $481,237.5 3.7% 4.3% 4.5% 100.0%

(1) After reinsurance transactions, excludes state funds.
(2) Provided by FEMA through participating private insurers.
(3) Less than 0.1 percent.
(4) Premiums from certain insurers that write health insurance but file financial statements with state regulators on a property/casualty basis.
(5) Coverages protecting against legal liability resulting from negligence, carelessness or failure to act.
(6) Only includes nonproportional reinsurance, an arrangement in which a reinsurer makes payments to an insurer whose losses exceed a predetermined amount.
(7) Includes miscellaneous coverages.
(8) May not match total premiums shown elsewhere in this book because of the use of different exhibits from SNL Financial.

Source: SNL Financial LC.

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PREMIUMS WRITTEN BY LINE, PROPERTY/CASUALTY INSURANCE, 2013

($ billions)

(1) After reinsurance transactions, excludes state funds.
(2) Before reinsurance transactions, includes some state funds.
(3) Includes international and miscellaneous coverages.
(4) Premiums from certain insurers that write health insurance but file financial statements with state regulators on a property/casualty rather than life/health basis.
(5) Only includes nonproportional reinsurance, an arrangement in which a reinsurer makes payments to an insurer whose losses exceed a predetermined amount.
(6) Coverages protecting against legal liability resulting from negligence, carelessness or failure to act.

Source: SNL Financial LC.

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